Westrock Coffee (NASDAQ:WEST) Stock Rating Upgraded by Wall Street Zen

Westrock Coffee (NASDAQ:WEST - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Friday.

Other equities analysts also recently issued research reports about the stock. Benchmark reiterated a "buy" rating and set a $10.00 target price on shares of Westrock Coffee in a research note on Wednesday, April 16th. Stifel Nicolaus lowered their target price on shares of Westrock Coffee from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $9.00 price target on shares of Westrock Coffee in a report on Tuesday, May 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $10.40.

Westrock Coffee Stock Up 1.3%

Shares of NASDAQ:WEST traded up $0.09 during trading on Friday, hitting $6.84. The company's stock had a trading volume of 219,130 shares, compared to its average volume of 303,672. Westrock Coffee has a fifty-two week low of $5.28 and a fifty-two week high of $10.43. The company has a market capitalization of $647.34 million, a PE ratio of -7.95 and a beta of 0.59. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39. The business has a 50 day moving average price of $6.46 and a two-hundred day moving average price of $6.64.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.05). Westrock Coffee had a negative return on equity of 20.72% and a negative net margin of 9.05%. The company had revenue of $213.80 million for the quarter, compared to analyst estimates of $213.85 million. As a group, research analysts expect that Westrock Coffee will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Westrock Coffee

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

Institutional Investors Weigh In On Westrock Coffee

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC lifted its position in Westrock Coffee by 198.9% in the fourth quarter. Millennium Management LLC now owns 589,450 shares of the company's stock valued at $3,784,000 after purchasing an additional 392,214 shares during the period. Vanguard Group Inc. increased its stake in shares of Westrock Coffee by 7.7% during the 4th quarter. Vanguard Group Inc. now owns 2,812,993 shares of the company's stock worth $18,059,000 after purchasing an additional 199,939 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Westrock Coffee during the 4th quarter worth about $840,000. Nuveen LLC purchased a new stake in Westrock Coffee during the 1st quarter worth about $680,000. Finally, Stephens Inc. AR grew its stake in Westrock Coffee by 54.8% in the 4th quarter. Stephens Inc. AR now owns 236,364 shares of the company's stock worth $1,517,000 after acquiring an additional 83,647 shares during the period. 45.08% of the stock is owned by institutional investors and hedge funds.

About Westrock Coffee

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.