Westrock Coffee (NASDAQ:WEST) Receives Consensus Rating of "Buy" from Brokerages

Shares of Westrock Coffee (NASDAQ:WEST - Get Free Report) have been given an average recommendation of "Buy" by the five analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $10.40.

Several equities analysts have weighed in on the company. Stifel Nicolaus dropped their price objective on Westrock Coffee from $12.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Telsey Advisory Group restated an "outperform" rating and set a $9.00 price objective on shares of Westrock Coffee in a research note on Tuesday, May 6th. Benchmark restated a "buy" rating and set a $10.00 price objective on shares of Westrock Coffee in a research note on Wednesday, April 16th. Finally, Wall Street Zen upgraded Westrock Coffee from a "sell" rating to a "hold" rating in a research note on Friday.

Westrock Coffee Stock Performance

NASDAQ WEST opened at $6.75 on Friday. The company has a fifty day simple moving average of $6.46 and a 200 day simple moving average of $6.64. Westrock Coffee has a 12-month low of $5.28 and a 12-month high of $10.51. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. The company has a market cap of $638.83 million, a P/E ratio of -7.85 and a beta of 0.59.

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

Insider Activity at Westrock Coffee

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in shares of Westrock Coffee by 3.4% during the first quarter. Rhumbline Advisers now owns 45,787 shares of the company's stock worth $331,000 after purchasing an additional 1,510 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Westrock Coffee by 10.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company's stock worth $154,000 after purchasing an additional 2,003 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Westrock Coffee by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company's stock worth $1,827,000 after purchasing an additional 2,010 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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 in the last quarter. Finally, Swiss National Bank boosted its stake in Westrock Coffee by 4.4% in the first quarter. Swiss National Bank now owns 73,000 shares of the company's stock worth $527,000 after buying an additional 3,100 shares in the last quarter. Hedge funds and other institutional investors own 45.08% of the company's stock.

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.

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