Telsey Advisory Group Cuts Westrock Coffee (NASDAQ:WEST) Price Target to $9.00

Westrock Coffee (NASDAQ:WEST) had its price target reduced by Telsey Advisory Group from $10.00 to $9.00 in a research note issued to investors on Thursday,Benzinga reports. Telsey Advisory Group currently has an outperform rating on the stock.

Westrock Coffee Stock Up 7.6 %

WEST stock opened at $7.22 on Thursday. The firm has a 50 day moving average of $6.47 and a 200 day moving average of $6.90. The stock has a market capitalization of $680.04 million, a PE ratio of -8.40 and a beta of 0.59. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 3.41. Westrock Coffee has a 52 week low of $5.28 and a 52 week high of $10.99.

Hedge Funds Weigh In On Westrock Coffee

A number of institutional investors have recently bought and sold shares of WEST. Legacy Capital Wealth Partners LLC raised its position in Westrock Coffee by 25.6% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 36,454 shares of the company’s stock worth $237,000 after buying an additional 7,422 shares during the last quarter. Summit Asset Management LLC purchased a new position in Westrock Coffee during the 3rd quarter worth approximately $86,000. Quest Partners LLC raised its position in Westrock Coffee by 32,869.0% during the 3rd quarter. Quest Partners LLC now owns 60,663 shares of the company’s stock worth $394,000 after buying an additional 60,479 shares during the last quarter. Intech Investment Management LLC purchased a new position in Westrock Coffee during the 3rd quarter worth approximately $71,000. Finally, Charles Schwab Investment Management Inc. raised its position in Westrock Coffee by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 282,643 shares of the company’s stock worth $1,837,000 after buying an additional 22,945 shares during the last quarter. 45.08% of the stock is owned by hedge funds and other institutional investors.

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.