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

Westrock Coffee (NASDAQ:WEST)‘s stock had its “outperform” rating restated by stock analysts at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They currently have a $9.00 price target on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 63.34% from the company’s current price.

Westrock Coffee Trading Down 6.1 %

WEST opened at $5.51 on Wednesday. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $10.99. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 3.41. The company has a fifty day moving average of $6.45 and a 200-day moving average of $6.84. The stock has a market cap of $518.98 million, a PE ratio of -6.41 and a beta of 0.59.

Institutional Investors Weigh In On 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 about $37,000. KLP Kapitalforvaltning AS purchased a new position in shares of Westrock Coffee in the fourth quarter worth about $47,000. Atom Investors LP purchased a new position in Westrock Coffee during the third quarter valued at approximately $70,000. Intech Investment Management LLC purchased a new position in Westrock Coffee in the 3rd quarter worth approximately $71,000. Finally, Virtu Financial LLC bought a new stake in shares of Westrock Coffee in the 4th quarter worth approximately $83,000. 45.08% of the stock is currently owned by institutional investors and hedge funds.

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.