Westrock Coffee (NASDAQ:WEST) Raised 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 investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Friday.

A number of other brokerages have also recently issued reports on WEST. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $10.00 target price on shares of Westrock Coffee in a report on Tuesday, August 5th. Stifel Nicolaus dropped their target price on shares of Westrock Coffee from $12.00 to $10.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Westrock Coffee presently has an average rating of "Buy" and an average price target of $10.60.

Westrock Coffee Stock Performance

Shares of WEST stock traded down $0.21 on Friday, reaching $5.51. The stock had a trading volume of 789,613 shares, compared to its average volume of 608,238. The company has a quick ratio of 0.50, a current ratio of 1.04 and a debt-to-equity ratio of 23.42. The firm's 50-day moving average is $6.39 and its two-hundred day moving average is $6.47. The firm has a market capitalization of $521.85 million, a price-to-earnings ratio of -5.86 and a beta of 0.53. Westrock Coffee has a 12 month low of $5.28 and a 12 month high of $8.83.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.02. The company had revenue of $280.86 million for the quarter, compared to analysts' expectations of $238.34 million. Westrock Coffee had a negative net margin of 9.28% and a negative return on equity of 64.79%. On average, research analysts expect that Westrock Coffee will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its holdings in Westrock Coffee by 3.4% in the 1st quarter. Rhumbline Advisers now owns 45,787 shares of the company's stock valued at $331,000 after acquiring an additional 1,510 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Westrock Coffee by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company's stock valued at $154,000 after acquiring an additional 2,003 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Westrock Coffee by 23.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,418 shares of the company's stock worth $87,000 after purchasing an additional 2,588 shares during the period. Swiss National Bank increased its holdings in shares of Westrock Coffee by 4.4% during the first quarter. Swiss National Bank now owns 73,000 shares of the company's stock worth $527,000 after purchasing an additional 3,100 shares during the period. Finally, Barclays PLC increased its holdings in shares of Westrock Coffee by 6.6% during the fourth quarter. Barclays PLC now owns 61,159 shares of the company's stock worth $392,000 after purchasing an additional 3,802 shares during the period. 45.08% of the stock is owned by institutional investors.

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.