Westrock Coffee (NASDAQ:WEST) Receives $10.40 Average PT from Analysts

Westrock Coffee (NASDAQ:WEST - Get Free Report) has been assigned a consensus recommendation of "Buy" from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $10.40.

Several research firms recently commented on WEST. Telsey Advisory Group reiterated an "outperform" rating and issued a $9.00 price objective on shares of Westrock Coffee in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of Westrock Coffee from a "sell" rating to a "hold" rating in a research note on Friday. Stifel Nicolaus decreased their price objective on shares of Westrock Coffee from $12.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Benchmark restated a "buy" rating and set a $10.00 price objective on shares of Westrock Coffee in a research report on Wednesday, April 16th.

Westrock Coffee Stock Up 0.9%

WEST stock traded up $0.06 during midday trading on Friday, hitting $6.90. The company's stock had a trading volume of 356,914 shares, compared to its average volume of 304,475. The firm's 50-day moving average is $6.45 and its 200-day moving average is $6.63. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. Westrock Coffee has a 12 month low of $5.28 and a 12 month high of $10.43. The company has a market cap of $653.02 million, a PE ratio of -8.02 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 for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The business had revenue of $213.80 million during the quarter, compared to analysts' expectations of $213.85 million. Westrock Coffee had a negative return on equity of 20.72% and a negative net margin of 9.05%. On average, equities research analysts forecast that Westrock Coffee will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WEST. Stephens Inc. AR increased its holdings 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 in the last quarter. Raymond James Financial Inc. bought a new position in shares of Westrock Coffee in the fourth quarter worth approximately $840,000. Millennium Management LLC increased its stake in shares of Westrock Coffee by 198.9% in the fourth quarter. Millennium Management LLC now owns 589,450 shares of the company's stock worth $3,784,000 after purchasing an additional 392,214 shares in the last quarter. Cresset Asset Management LLC bought a new stake in shares of Westrock Coffee during the 4th quarter valued at $353,000. Finally, Mariner LLC lifted its stake in shares of Westrock Coffee by 109.7% during the 4th quarter. Mariner LLC now owns 127,620 shares of the company's stock valued at $819,000 after buying an additional 66,751 shares in the last quarter. Institutional investors own 45.08% of the company's stock.

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.