Westrock Coffee (NASDAQ:WEST) Receives Outperform Rating from Telsey Advisory Group

Key Points

• Westrock Coffee has received an "outperform" rating from Telsey Advisory Group, with a price target of $10.00, indicating a potential upside of 48.37% based on the stock's current price.
• The company's recent quarterly earnings report revealed a loss of ($0.22) per share, missing analysts' expectations, and it has a consensus rating of "Moderate Buy" with an average target price of $10.60.
• Insider trading activity included Director Joe T. Ford purchasing 25,000 shares of the company, increasing his ownership by 7.22% and signaling confidence in the company's future growth.

Westrock Coffee (NASDAQ:WEST - Get Free Report)'s stock had its "outperform" rating restated by Telsey Advisory Group in a research report issued on Tuesday,Benzinga reports. They presently have a $10.00 price target on the stock. Telsey Advisory Group's target price indicates a potential upside of 48.37% from the stock's current price.

A number of other analysts also recently issued reports on the stock. Benchmark restated a "buy" rating and set a $10.00 price target on shares of Westrock Coffee in a report on Wednesday, April 16th. Stifel Nicolaus cut their price objective on Westrock Coffee from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Westrock Coffee from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Westrock Coffee has a consensus rating of "Moderate Buy" and an average target price of $10.60.

Westrock Coffee Stock Up 3.1%

Shares of WEST opened at $6.74 on Tuesday. Westrock Coffee has a 52-week low of $5.28 and a 52-week high of $9.70. The company has a quick ratio of 0.57, a current ratio of 1.18 and a debt-to-equity ratio of 5.69. The stock has a fifty day simple moving average of $6.52 and a two-hundred day simple moving average of $6.51. The company has a market capitalization of $637.87 million, a PE ratio of -7.41 and a beta of 0.53.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.05). Westrock Coffee had a negative net margin of 9.61% and a negative return on equity of 41.92%. The firm had revenue of $213.80 million during the quarter, compared to analysts' expectations of $213.85 million. As a group, equities analysts forecast that Westrock Coffee will post -0.3 EPS for the current year.

Insider Activity

In other news, Director Joe T. Ford bought 25,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average price of $7.44 per share, with a total value of $186,000.00. Following the purchase, the director owned 371,445 shares in the company, valued at approximately $2,763,550.80. The trade was a 7.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders acquired 105,000 shares of company stock valued at $782,400. 42.10% of the stock is currently owned by insiders.

Institutional Trading of Westrock Coffee

A number of institutional investors and hedge funds have recently bought and sold shares of WEST. Raymond James Financial Inc. purchased a new stake in Westrock Coffee during the 4th quarter worth about $840,000. Millennium Management LLC grew its holdings in Westrock Coffee by 198.9% during the 4th quarter. Millennium Management LLC now owns 589,450 shares of the company's stock worth $3,784,000 after acquiring an additional 392,214 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in shares of Westrock Coffee in the 4th quarter valued at $353,000. Mariner LLC grew its stake in shares of Westrock Coffee by 109.7% during the fourth quarter. Mariner LLC now owns 127,620 shares of the company's stock worth $819,000 after purchasing an additional 66,751 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Westrock Coffee by 7.7% in the fourth quarter. Vanguard Group Inc. now owns 2,812,993 shares of the company's stock valued at $18,059,000 after buying an additional 199,939 shares during the last quarter. 45.08% of the stock is currently owned by hedge funds and other 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.

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