Westrock Coffee (NASDAQ:WEST) Research Coverage Started at Truist Financial

Truist Financial assumed coverage on shares of Westrock Coffee (NASDAQ:WEST) in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $10.00 price target on the stock.

Several other analysts also recently issued reports on the company. Craig Hallum initiated coverage on Westrock Coffee in a research report on Monday, September 23rd. They issued a buy rating and a $13.00 price objective on the stock. Telsey Advisory Group reiterated an outperform rating and set a $14.00 price target on shares of Westrock Coffee in a report on Friday, June 28th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Westrock Coffee presently has a consensus rating of Buy and a consensus price target of $12.20.

Westrock Coffee Price Performance

Westrock Coffee stock opened at $5.52 on Monday. The firm has a market capitalization of $487.80 million, a PE ratio of -7.90 and a beta of 0.39. Westrock Coffee has a 52 week low of $5.28 and a 52 week high of $11.21. The firm’s 50-day simple moving average is $7.85 and its 200 day simple moving average is $9.38. The company has a quick ratio of 0.67, a current ratio of 1.31 and a debt-to-equity ratio of 4.05.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.16). Westrock Coffee had a negative return on equity of 18.20% and a negative net margin of 5.37%. The business had revenue of $208.39 million for the quarter, compared to analysts’ expectations of $214.40 million. During the same period last year, the business earned ($0.21) earnings per share. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, equities research analysts predict that Westrock Coffee will post -0.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Hf Direct Investments Pool, Ll sold 35,933 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $10.10, for a total transaction of $362,923.30. Following the completion of the transaction, the insider now owns 12,846,508 shares of the company’s stock, valued at $129,749,730.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Hf Direct Investments Pool, Ll sold 35,933 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $10.10, for a total transaction of $362,923.30. Following the transaction, the insider now directly owns 12,846,508 shares in the company, valued at $129,749,730.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joe T. Ford acquired 5,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were bought at an average price of $6.97 per share, for a total transaction of $34,850.00. Following the completion of the acquisition, the director now owns 249,445 shares in the company, valued at approximately $1,738,631.65. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 11,092 shares of company stock valued at $81,546 and have sold 143,522 shares valued at $1,446,121. 42.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Westrock Coffee by 69.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,520 shares of the company’s stock worth $35,000 after acquiring an additional 1,444 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Westrock Coffee in the second quarter worth $39,000. Hexagon Capital Partners LLC purchased a new position in shares of Westrock Coffee in the 1st quarter valued at $41,000. Wolverine Asset Management LLC lifted its holdings in shares of Westrock Coffee by 79.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,100 shares of the company’s stock valued at $42,000 after acquiring an additional 1,820 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Westrock Coffee during the 1st quarter worth $117,000. 45.08% of the stock is currently owned by hedge funds and other 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.