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

Westrock Coffee (NASDAQ:WEST)‘s stock had its “outperform” rating reiterated by equities researchers at Telsey Advisory Group in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $7.00 price objective on the stock. Telsey Advisory Group’s target price indicates a potential upside of 82.05% from the company’s current price.

A number of other research analysts also recently issued reports on WEST. Benchmark reissued a “buy” rating on shares of Westrock Coffee in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Westrock Coffee in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.00.

Westrock Coffee Trading Down 1.4%

Shares of Westrock Coffee stock traded down $0.06 during midday trading on Monday, reaching $3.85. 444,049 shares of the company’s stock traded hands, compared to its average volume of 310,405. The stock has a 50 day moving average of $4.56 and a 200-day moving average of $4.64. Westrock Coffee has a 12 month low of $3.59 and a 12 month high of $7.92. The company has a market cap of $372.27 million, a PE ratio of -3.92 and a beta of 0.50. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.47 and a current ratio of 1.02.

Insider Activity at Westrock Coffee

In related news, CEO Scott T. Ford purchased 100,000 shares of Westrock Coffee stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average cost of $4.14 per share, for a total transaction of $414,000.00. Following the completion of the acquisition, the chief executive officer directly owned 506,401 shares of the company’s stock, valued at $2,096,500.14. The trade was a 24.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 27.70% of the company’s stock.

Institutional Investors Weigh In On Westrock Coffee

A number of institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in Westrock Coffee during the second quarter valued at approximately $243,000. Savant Capital LLC purchased a new stake in Westrock Coffee in the second quarter worth about $76,000. Inscription Capital LLC purchased a new position in shares of Westrock Coffee during the 4th quarter valued at about $207,000. Modera Wealth Management LLC bought a new position in shares of Westrock Coffee during the 4th quarter valued at approximately $102,000. Finally, NFC Investments LLC raised its stake in Westrock Coffee by 2.0% during the 3rd quarter. NFC Investments LLC now owns 4,089,711 shares of the company’s stock worth $19,876,000 after acquiring an additional 81,730 shares during the period. Hedge funds and other institutional investors own 45.08% of the company’s stock.

About Westrock Coffee

Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.

Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.