Westrock Coffee’s (WEST) “Buy” Rating Reiterated at Benchmark

Westrock Coffee (NASDAQ:WEST)‘s stock had its “buy” rating restated by investment analysts at Benchmark in a research report issued on Friday,Benzinga reports. They currently have a $10.00 target price on the stock. Benchmark’s price objective indicates a potential upside of 57.36% from the company’s previous close.

Separately, Telsey Advisory Group reissued an “outperform” rating and set a $9.00 price objective on shares of Westrock Coffee in a research report on Wednesday.

Westrock Coffee Stock Up 15.3 %

Shares of WEST stock traded up $0.85 on Friday, reaching $6.36. 171,841 shares of the company were exchanged, compared to its average volume of 264,055. The company has a market cap of $598.56 million, a price-to-earnings ratio of -7.39 and a beta of 0.59. The company has a 50-day moving average of $6.45 and a 200-day moving average of $6.84. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73. Westrock Coffee has a one year low of $5.28 and a one year high of $10.99.

Hedge Funds Weigh In On Westrock Coffee

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new position in shares of Westrock Coffee during the 4th quarter worth approximately $37,000. KLP Kapitalforvaltning AS bought a new position in shares of Westrock Coffee during the 4th quarter worth approximately $47,000. Atom Investors LP bought a new position in shares of Westrock Coffee during the 3rd quarter worth approximately $70,000. Intech Investment Management LLC bought a new position in shares of Westrock Coffee during the 3rd quarter worth approximately $71,000. Finally, Virtu Financial LLC bought a new position in shares of Westrock Coffee during the 4th quarter worth approximately $83,000. Institutional investors 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.