Westrock Coffee (NASDAQ:WEST) Raised to "Hold" at Wall Street Zen

Westrock Coffee (NASDAQ:WEST - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Friday.

WEST has been the topic of several other research reports. Benchmark reiterated a "buy" rating and set a $10.00 price objective on shares of Westrock Coffee in a research report on Wednesday, April 16th. Telsey Advisory Group reissued an "outperform" rating and issued a $9.00 target price on shares of Westrock Coffee in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus decreased their price target on shares of Westrock Coffee from $12.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $10.40.

Westrock Coffee Stock Performance

Westrock Coffee stock traded up $0.10 during trading hours on Friday, hitting $6.75. The company had a trading volume of 470,295 shares, compared to its average volume of 303,270. The firm has a 50-day moving average of $6.46 and a 200 day moving average of $6.64. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73. The firm has a market cap of $638.83 million, a PE ratio of -7.85 and a beta of 0.59. Westrock Coffee has a one year low of $5.28 and a one year high of $10.51.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The firm had revenue of $213.80 million during the quarter, compared to analyst estimates of $213.85 million. Westrock Coffee had a negative net margin of 9.05% and a negative return on equity of 20.72%. On average, sell-side analysts expect that Westrock Coffee will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Joe T. Ford acquired 10,000 shares of Westrock Coffee stock in a transaction on Tuesday, May 13th. The shares were purchased at an average cost of $7.35 per share, for a total transaction of $73,500.00. Following the completion of the purchase, the director now directly owns 276,445 shares of the company's stock, valued at approximately $2,031,870.75. This represents a 3.75% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO William A. Ford bought 15,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was purchased at an average price of $6.45 per share, with a total value of $96,750.00. Following the completion of the transaction, the chief operating officer now directly owns 476,190 shares in the company, valued at approximately $3,071,425.50. This represents a 3.25% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 120,000 shares of company stock valued at $879,150 over the last 90 days. 42.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WEST. BNP Paribas Financial Markets acquired a new stake in shares of Westrock Coffee in the 4th quarter valued at $37,000. KLP Kapitalforvaltning AS acquired a new position in shares of Westrock Coffee during the 4th quarter worth $47,000. HHM Wealth Advisors LLC lifted its position in shares of Westrock Coffee by 130.9% during the 1st quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company's stock worth $58,000 after buying an additional 4,580 shares during the last quarter. State of Wyoming acquired a new stake in Westrock Coffee in the first quarter valued at about $62,000. Finally, Trexquant Investment LP acquired a new stake in Westrock Coffee in the first quarter valued at about $83,000. 45.08% of the stock is currently owned by institutional investors and hedge funds.

Westrock Coffee Company Profile

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.

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