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

Telsey Advisory Group reaffirmed their outperform rating on shares of Westrock Coffee (NASDAQ:WEST) in a research report report published on Friday, Benzinga reports. The brokerage currently has a $14.00 price objective on the stock.

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

Westrock Coffee Stock Down 0.5 %

Shares of WEST opened at $10.23 on Friday. Westrock Coffee has a 1 year low of $6.88 and a 1 year high of $11.89. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.24 and a quick ratio of 0.60. The stock has a 50 day simple moving average of $10.32 and a 200-day simple moving average of $10.17.

Westrock Coffee (NASDAQ:WEST) last issued its earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $192.50 million during the quarter, compared to analyst estimates of $200.60 million. As a group, equities research analysts expect that Westrock Coffee will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Gladius Capital Management LP bought a new position in Westrock Coffee in the 3rd quarter valued at $29,000. Hexagon Capital Partners LLC bought a new position in Westrock Coffee in the 1st quarter valued at $41,000. Tower Research Capital LLC TRC boosted its position in Westrock Coffee by 807.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,397 shares of the company’s stock valued at $96,000 after buying an additional 8,361 shares during the last quarter. Cerity Partners LLC bought a new position in Westrock Coffee in the 4th quarter valued at $114,000. Finally, Virtu Financial LLC bought a new position in Westrock Coffee in the 1st quarter valued at $117,000. 45.08% of the stock is currently owned by institutional investors.

Westrock Coffee Company Profile

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.