Westrock Coffee Company (WEST) – What Are Analysts Saying About This Stock?

Westrock Coffee Company (NASDAQ:WEST) has earned an average recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several equities analysts have commented on the stock. Stifel Nicolaus set a $9.00 target price on shares of Westrock Coffee in a research note on Friday, August 7th. Benchmark reiterated a “buy” rating on shares of Westrock Coffee in a research note on Monday, August 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Westrock Coffee in a report on Monday. Finally, Telsey Advisory Group upped their target price on Westrock Coffee from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th.

Westrock Coffee Trading Down 2.4%

Shares of NASDAQ:WEST opened at $9.47 on Wednesday. The firm’s 50 day moving average is $8.37 and its two-hundred day moving average is $6.93. Westrock Coffee has a 52 week low of $3.59 and a 52 week high of $10.19. The firm has a market capitalization of $924.56 million, a P/E ratio of -14.35 and a beta of 0.84.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The business had revenue of $305.66 million for the quarter, compared to the consensus estimate of $318.80 million. Westrock Coffee had a negative net margin of 4.88% and a negative return on equity of 2,145.68%. Analysts predict that Westrock Coffee will post -0.22 EPS for the current year.

Institutional Trading of Westrock Coffee

Several institutional investors have recently modified their holdings of WEST. Group One Trading LLC bought a new position in Westrock Coffee during the second quarter valued at about $27,000. Legal & General Group Plc bought a new stake in Westrock Coffee in the second quarter worth about $30,000. Quantbot Technologies LP acquired a new stake in Westrock Coffee in the 2nd quarter valued at about $39,000. Summit Asset Management LLC acquired a new stake in Westrock Coffee in the 2nd quarter valued at about $87,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Westrock Coffee during the 2nd quarter valued at about $88,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

About Westrock Coffee

Westrock Coffee Company is a global provider of integrated coffee, tea, flavors, extracts and ready-to-drink beverage solutions. The company sources raw materials from producing regions, then provides processing, roasting, blending, extraction, packaging and distribution services for beverage brands and other commercial customers.

Its products and services support a range of beverage formats, including roasted and ground coffee, single-serve coffee, tea, liquid coffee and tea extracts, ready-to-drink beverages, and customized flavor systems.