Westrock Coffee (NASDAQ:WEST) Sets New 12-Month High – What’s Next?

Westrock Coffee Company (NASDAQ:WEST)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.92 and last traded at $9.9390, with a volume of 156238 shares trading hands. The stock had previously closed at $9.68.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Benchmark lifted their price objective on shares of Westrock Coffee from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Zacks Research upgraded shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Telsey Advisory Group lifted their target price on shares of Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Stifel Nicolaus set a $8.00 price target on shares of Westrock Coffee in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.00.

Westrock Coffee Stock Up 1.5%

The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.46 and a current ratio of 0.97. The firm has a fifty day moving average price of $7.55 and a 200 day moving average price of $5.52. The firm has a market capitalization of $952.14 million, a price-to-earnings ratio of -13.09 and a beta of 0.90.

Westrock Coffee (NASDAQ:WEST) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09. The firm had revenue of $308.83 million for the quarter, compared to the consensus estimate of $285.12 million. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%. As a group, sell-side analysts expect that Westrock Coffee Company will post -0.18 EPS for the current fiscal year.

Insider Activity at Westrock Coffee

In related news, Director Joe T. Ford bought 15,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $8.50 per share, for a total transaction of $127,500.00. Following the transaction, the director owned 273,000 shares of the company’s stock, valued at approximately $2,320,500. This trade represents a 5.81% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have acquired 34,500 shares of company stock worth $290,715. 25.40% of the stock is currently owned by insiders.

Institutional Trading of Westrock Coffee

A number of institutional investors have recently added to or reduced their stakes in the stock. Agman Capital LLC purchased a new position in Westrock Coffee in the fourth quarter valued at about $3,007,000. Piedmont Capital Management LLC NC purchased a new stake in shares of Westrock Coffee during the 4th quarter worth approximately $645,000. AQR Capital Management LLC acquired a new stake in shares of Westrock Coffee in the 1st quarter worth approximately $166,000. ExodusPoint Capital Management LP grew its holdings in shares of Westrock Coffee by 112.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 37,007 shares of the company’s stock worth $151,000 after acquiring an additional 19,619 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new position in Westrock Coffee in the 3rd quarter valued at approximately $110,000. 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.