Telsey Advisory Group Lowers Westrock Coffee (NASDAQ:WEST) Price Target to $7.00

Westrock Coffee (NASDAQ:WEST) had its price target reduced by equities research analysts at Telsey Advisory Group from $10.00 to $7.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has an “outperform” rating on the stock. Telsey Advisory Group’s price target points to a potential upside of 87.42% from the company’s previous close.

Several other research firms have also recently weighed in on WEST. Weiss Ratings reissued a “sell (e+)” rating on shares of Westrock Coffee in a report on Wednesday, October 8th. Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Westrock Coffee presently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Westrock Coffee Stock Down 4.7%

NASDAQ WEST traded down $0.19 during trading on Friday, hitting $3.74. The stock had a trading volume of 60,890 shares, compared to its average volume of 361,316. The company has a market capitalization of $353.74 million, a PE ratio of -3.96 and a beta of 0.47. Westrock Coffee has a 12 month low of $3.73 and a 12 month high of $8.29. The company’s 50-day moving average price is $4.90 and its two-hundred day moving average price is $5.95. The company has a debt-to-equity ratio of 23.42, a quick ratio of 0.50 and a current ratio of 1.04.

Westrock Coffee (NASDAQ:WEST) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. Westrock Coffee had a negative net margin of 9.28% and a negative return on equity of 64.79%. The firm had revenue of $280.86 million during the quarter, compared to analysts’ expectations of $238.34 million. As a group, sell-side analysts forecast that Westrock Coffee will post -0.3 EPS for the current year.

Insider Activity

In other news, Director Joe T. Ford acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was acquired at an average price of $5.30 per share, for a total transaction of $26,500.00. Following the completion of the acquisition, the director directly owned 413,916 shares in the company, valued at $2,193,754.80. This represents a 1.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 27.70% of the company’s stock.

Institutional Investors Weigh In On Westrock Coffee

Several large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in Westrock Coffee by 199.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock valued at $36,000 after purchasing an additional 4,136 shares during the last quarter. HHM Wealth Advisors LLC boosted its stake in Westrock Coffee by 130.9% in 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 stake in shares of Westrock Coffee in the 1st quarter worth about $62,000. Magnetar Financial LLC acquired a new stake in shares of Westrock Coffee during the second quarter worth approximately $65,000. Finally, Savant Capital LLC bought a new stake in shares of Westrock Coffee during the second quarter worth $76,000. 45.08% of the stock is 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.