Benchmark Reiterates Buy Rating for Westrock Coffee (NASDAQ:WEST)

Westrock Coffee (NASDAQ:WESTGet Free Report)‘s stock had its “buy” rating restated by analysts at Benchmark in a report issued on Friday,Benzinga reports. They currently have a $10.00 target price on the stock. Benchmark’s target price points to a potential upside of 45.35% from the company’s current price.

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

Check Out Our Latest Research Report on WEST

Westrock Coffee Price Performance

Shares of NASDAQ:WEST opened at $6.88 on Friday. The business’s 50 day moving average is $6.46 and its 200-day moving average is $6.82. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. The firm has a market capitalization of $648.01 million, a PE ratio of -8.00 and a beta of 0.59. Westrock Coffee has a 1-year low of $5.28 and a 1-year high of $10.99.

Institutional Trading of Westrock Coffee

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new position in shares of Westrock Coffee during the fourth quarter valued at $37,000. KLP Kapitalforvaltning AS bought a new position in Westrock Coffee during the 4th quarter valued at about $47,000. Atom Investors LP bought a new position in Westrock Coffee during the 3rd quarter valued at about $70,000. Intech Investment Management LLC acquired a new position in Westrock Coffee in the third quarter valued at about $71,000. Finally, Virtu Financial LLC bought a new stake in Westrock Coffee during the fourth quarter worth about $83,000. 45.08% of the stock is currently owned by institutional investors.

About Westrock Coffee

(Get Free Report)

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.

Further Reading

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