Westrock Coffee’s (WEST) Outperform Rating Reaffirmed at Telsey Advisory Group

Westrock Coffee (NASDAQ:WEST)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a research note issued to investors on Friday, Benzinga reports. They presently have a $14.00 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 36.85% from the stock’s current price.

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

Westrock Coffee Trading Down 0.5 %

NASDAQ WEST traded down $0.05 during trading hours on Friday, hitting $10.23. 780,295 shares of the company’s stock were exchanged, compared to its average volume of 171,978. The stock has a 50-day simple moving average of $10.32 and a 200 day simple moving average of $10.17. Westrock Coffee has a 1-year low of $6.88 and a 1-year high of $11.89. The firm has a market cap of $900.55 million, a price-to-earnings ratio of -14.60 and a beta of 0.46. The company has a current ratio of 1.24, a quick ratio of 0.60 and a debt-to-equity ratio of 2.99.

Westrock Coffee (NASDAQ:WEST) last released its earnings results on Thursday, May 9th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.11). Westrock Coffee had a negative return on equity of 41.49% and a negative net margin of 6.33%. The business had revenue of $192.50 million for the quarter, compared to analyst estimates of $200.60 million. On average, equities analysts forecast that Westrock Coffee will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Westrock Coffee

A number of hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Westrock Coffee in the first quarter valued at approximately $117,000. Gamco Investors INC. ET AL grew its stake in Westrock Coffee by 5.3% in the first quarter. Gamco Investors INC. ET AL now owns 256,650 shares of the company’s stock valued at $2,651,000 after acquiring an additional 13,000 shares during the period. Vanguard Group Inc. grew its stake in Westrock Coffee by 23.2% in the first quarter. Vanguard Group Inc. now owns 2,538,327 shares of the company’s stock valued at $26,221,000 after acquiring an additional 478,088 shares during the period. Horrell Capital Management Inc. grew its stake in Westrock Coffee by 2.5% in the first quarter. Horrell Capital Management Inc. now owns 86,571 shares of the company’s stock valued at $894,000 after acquiring an additional 2,147 shares during the period. Finally, Hexagon Capital Partners LLC acquired a new stake in Westrock Coffee in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

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.