Westrock Coffee's (WEST) "Sell (E+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Westrock Coffee's stock has had its "sell (E+)" rating reaffirmed by Weiss Ratings, indicating a negative outlook from the research firm.
• Despite this, other analysts have varied opinions, with Telsey Advisory Group citing an "outperform" rating and a target price of $10.00.
• Insider activity remains notable, as Director Joe T. Ford purchased 5,000 shares recently, indicating confidence in the company's future prospects.

Westrock Coffee (NASDAQ:WEST - Get Free Report)'s stock had its "sell (e+)" rating restated by equities researchers at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

A number of other analysts also recently weighed in on the company. Telsey Advisory Group reiterated an "outperform" rating and set a $10.00 target price on shares of Westrock Coffee in a research report on Tuesday, August 5th. Wall Street Zen raised shares of Westrock Coffee from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $10.00.

Westrock Coffee Trading Up 4.0%

Shares of NASDAQ:WEST traded up $0.20 during mid-day trading on Friday, reaching $5.19. The stock had a trading volume of 224,334 shares, compared to its average volume of 360,211. The firm has a 50 day simple moving average of $5.19 and a two-hundred day simple moving average of $6.03. The company has a current ratio of 1.04, a quick ratio of 0.50 and a debt-to-equity ratio of 23.42. The firm has a market cap of $491.54 million, a PE ratio of -5.52 and a beta of 0.48. Westrock Coffee has a twelve month low of $4.34 and a twelve month high of $8.29.

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

Insider Activity

In other news, Director Joe T. Ford purchased 5,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average price of $5.30 per share, with a total value of $26,500.00. Following the transaction, the director directly owned 413,916 shares of the company's stock, valued at approximately $2,193,754.80. This represents a 1.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 27.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Westrock Coffee

A number of hedge funds and other institutional investors have recently modified their holdings of WEST. EverSource Wealth Advisors LLC raised its position in shares of Westrock Coffee by 199.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company's stock worth $36,000 after acquiring an additional 4,136 shares in the last quarter. HHM Wealth Advisors LLC increased its position in Westrock Coffee by 130.9% during the 1st quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company's stock valued at $58,000 after buying an additional 4,580 shares in the last quarter. State of Wyoming bought a new position in Westrock Coffee during the 1st quarter valued at approximately $62,000. Magnetar Financial LLC bought a new position in Westrock Coffee during the 2nd quarter valued at approximately $65,000. Finally, Savant Capital LLC purchased a new stake in Westrock Coffee during the 2nd quarter valued at $76,000. 45.08% of the stock is currently owned by hedge funds and other 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.