Westrock Coffee (NASDAQ:WEST) Given “Outperform” Rating at Telsey Advisory Group

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

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

Westrock Coffee Trading Down 2.2 %

Shares of NASDAQ:WEST opened at $10.00 on Friday. The stock has a 50 day moving average of $10.32 and a 200 day moving average of $10.18. The company has a market cap of $880.30 million, a PE ratio of -14.29 and a beta of 0.45. Westrock Coffee has a 12-month low of $6.88 and a 12-month high of $11.89. The company has a current ratio of 1.24, a quick ratio of 0.60 and a debt-to-equity ratio of 2.99.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.11). The firm had revenue of $192.50 million for the quarter, compared to analysts’ expectations of $200.60 million. Westrock Coffee had a negative net margin of 6.33% and a negative return on equity of 41.49%. As a group, equities research analysts expect that Westrock Coffee will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Horrell Capital Management Inc. increased its holdings in shares of Westrock Coffee by 2.5% in the fourth quarter. Horrell Capital Management Inc. now owns 84,424 shares of the company’s stock worth $862,000 after purchasing an additional 2,094 shares during the last quarter. Gladius Capital Management LP bought a new position in Westrock Coffee during the third quarter valued at approximately $29,000. Hexagon Capital Partners LLC purchased a new position in Westrock Coffee during the 1st quarter valued at approximately $41,000. DAVENPORT & Co LLC increased its stake in Westrock Coffee by 3.1% in the 4th quarter. DAVENPORT & Co LLC now owns 163,640 shares of the company’s stock worth $1,671,000 after acquiring an additional 4,965 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Westrock Coffee by 807.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,397 shares of the company’s stock worth $96,000 after acquiring an additional 8,361 shares in 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.