Westrock Coffee Company (NASDAQ:WEST) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts give Westrock Coffee a consensus recommendation of Hold, with two firms rating it sell and three rating it buy, and an average 1‑year price target of $8.00.
• Director Joe T. Ford bought 55,000 shares at $4.60 on March 17, raising his stake to 533,916 shares, and insiders now own about 27.7% of the company.
• Westrock missed EPS in the latest quarter (loss of $0.21 vs. -$0.10 expected) despite a revenue beat of $339.5M, and the company shows a negative ROE and net margin, signaling ongoing profitability issues.

Shares of Westrock Coffee Company (NASDAQ:WEST - Get Free Report) have earned a consensus recommendation of "Hold" from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $8.00.

Several equities analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Westrock Coffee from $10.00 to $7.00 and set a "buy" rating for the company in a research report on Wednesday, March 11th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Westrock Coffee in a report on Wednesday, January 21st. Zacks Research lowered Westrock Coffee from a "hold" rating to a "strong sell" rating in a research note on Friday. Telsey Advisory Group reissued an "outperform" rating and set a $7.00 target price on shares of Westrock Coffee in a research note on Monday, March 9th. Finally, Wall Street Zen upgraded shares of Westrock Coffee from a "sell" rating to a "hold" rating in a research note on Saturday, March 14th.

Insider Buying and Selling

In related news, Director Joe T. Ford bought 55,000 shares of the business's stock in a transaction on Tuesday, March 17th. The shares were purchased at an average price of $4.60 per share, for a total transaction of $253,000.00. Following the completion of the transaction, the director directly owned 533,916 shares of the company's stock, valued at approximately $2,456,013.60. This represents a 11.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 27.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WEST. NFC Investments LLC boosted its holdings in shares of Westrock Coffee by 2.0% during the 3rd quarter. NFC Investments LLC now owns 4,089,711 shares of the company's stock valued at $19,876,000 after acquiring an additional 81,730 shares in the last quarter. Vanguard Group Inc. increased its holdings in Westrock Coffee by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,984,114 shares of the company's stock worth $14,503,000 after purchasing an additional 14,707 shares in the last quarter. Agman Capital LLC bought a new position in Westrock Coffee in the fourth quarter valued at about $3,007,000. Millennium Management LLC boosted its stake in shares of Westrock Coffee by 111.2% during the fourth quarter. Millennium Management LLC now owns 676,400 shares of the company's stock valued at $2,753,000 after purchasing an additional 356,118 shares in the last quarter. Finally, CastleKnight Management LP grew its holdings in shares of Westrock Coffee by 44.8% during the fourth quarter. CastleKnight Management LP now owns 575,000 shares of the company's stock worth $2,340,000 after purchasing an additional 178,020 shares during the last quarter. 45.08% of the stock is currently owned by institutional investors.

Westrock Coffee Price Performance

Shares of NASDAQ WEST opened at $4.12 on Tuesday. The business has a fifty day moving average price of $4.59 and a two-hundred day moving average price of $4.52. The stock has a market capitalization of $399.15 million, a PE ratio of -4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 37.87, a current ratio of 0.96 and a quick ratio of 0.48. Westrock Coffee has a fifty-two week low of $3.59 and a fifty-two week high of $7.92.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.11). Westrock Coffee had a negative return on equity of 233.53% and a negative net margin of 7.61%.The company had revenue of $339.47 million during the quarter, compared to the consensus estimate of $317.40 million. As a group, equities analysts predict that Westrock Coffee will post -0.3 earnings per share for the current fiscal year.

Westrock Coffee Company Profile

Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.

Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.

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