Westrock Coffee (NASDAQ:WEST) Rating Increased to Hold at Wall Street Zen

Key Points

• Westrock Coffee's rating has been upgraded from "sell" to "hold" by Wall Street Zen, indicating a more positive outlook for the stock.
• The current consensus price target for Westrock Coffee is $10.60, and the stock was recently trading at $6.51, with a market cap of $616.56 million.
• Institutional investors have shown increased interest in Westrock Coffee, with several firms raising their stakes in the company during the fourth quarter.

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

Several other research analysts have also weighed in on the stock. Telsey Advisory Group restated an "outperform" rating and set a $10.00 price objective on shares of Westrock Coffee in a research note on Tuesday, August 5th. Stifel Nicolaus lowered their price target on Westrock Coffee from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Westrock Coffee presently has an average rating of "Buy" and a consensus price target of $10.60.

Westrock Coffee Stock Up 5.0%

WEST stock opened at $6.51 on Friday. The company has a market cap of $616.56 million, a price-to-earnings ratio of -6.93 and a beta of 0.53. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $9.70. The business has a 50 day moving average price of $6.43 and a two-hundred day moving average price of $6.49. The company has a quick ratio of 0.50, a current ratio of 1.04 and a debt-to-equity ratio of 23.42.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.02. The company had revenue of $280.86 million during the quarter, compared to the consensus estimate of $238.34 million. Westrock Coffee had a negative return on equity of 64.79% and a negative net margin of 9.28%. Analysts anticipate that Westrock Coffee will post -0.3 EPS for the current fiscal year.

Institutional Trading of Westrock Coffee

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Westrock Coffee by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 841,226 shares of the company's stock worth $5,402,000 after buying an additional 34,901 shares during the period. Wells Fargo & Company MN increased its position in Westrock Coffee by 47.6% during the fourth quarter. Wells Fargo & Company MN now owns 16,332 shares of the company's stock worth $105,000 after acquiring an additional 5,264 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Westrock Coffee during the fourth quarter worth approximately $95,000. Raymond James Financial Inc. acquired a new stake in shares of Westrock Coffee in the fourth quarter valued at approximately $840,000. Finally, Barclays PLC boosted its stake in shares of Westrock Coffee by 6.6% in the fourth quarter. Barclays PLC now owns 61,159 shares of the company's stock valued at $392,000 after buying an additional 3,802 shares during the period. 45.08% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.