Westrock Coffee’s (WEST) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Westrock Coffee (NASDAQ:WEST) in a research note issued to investors on Friday morning, Benzinga reports. They currently have a $14.00 target price on the stock.

Separately, Benchmark reaffirmed a buy rating and issued a $12.00 target price on shares of Westrock Coffee in a research report on Monday, May 13th.

Westrock Coffee Stock Performance

WEST stock opened at $10.23 on Friday. The business’s 50-day moving average price is $10.32 and its two-hundred day moving average price is $10.18. The company has a current ratio of 1.24, a quick ratio of 0.60 and a debt-to-equity ratio of 2.99. The firm has a market cap of $900.59 million, a PE ratio of -14.61 and a beta of 0.46. Westrock Coffee has a 1-year low of $6.88 and a 1-year high of $11.89.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.11). The firm had revenue of $192.50 million during the quarter, compared to the consensus estimate of $200.60 million. Westrock Coffee had a negative net margin of 6.33% and a negative return on equity of 41.49%. As a group, research analysts forecast that Westrock Coffee will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Westrock Coffee

Several institutional investors have recently made changes to their positions in WEST. FMR LLC lifted its stake in Westrock Coffee by 30.0% during the third quarter. FMR LLC now owns 1,640,254 shares of the company’s stock worth $14,533,000 after purchasing an additional 378,866 shares during the last quarter. Mariner LLC acquired a new position in shares of Westrock Coffee during the third quarter worth $570,000. Diversified Trust Co increased its holdings in shares of Westrock Coffee by 21.0% during the third quarter. Diversified Trust Co now owns 112,673 shares of the company’s stock worth $998,000 after buying an additional 19,573 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Westrock Coffee during the third quarter worth $170,000. Finally, Gladius Capital Management LP acquired a new position in shares of Westrock Coffee during the third quarter worth $29,000. 45.08% of the stock is currently 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.