Westrock Coffee (NASDAQ:WEST) Stock Rating Reaffirmed by Telsey Advisory Group

Westrock Coffee (NASDAQ:WEST)‘s stock had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group in a note issued to investors on Monday, Benzinga reports. They presently have a $13.00 target price on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 22.41% from the company’s previous close.

Separately, Benchmark upped their price target on Westrock Coffee from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th.

Westrock Coffee Stock Performance

WEST stock opened at $10.62 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. Westrock Coffee has a 1-year low of $6.88 and a 1-year high of $11.91. The stock has a 50-day moving average price of $10.02 and a 200-day moving average price of $9.75. The firm has a market cap of $934.88 million, a PE ratio of -18.96 and a beta of 0.46.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Westrock Coffee had a negative net margin of 4.05% and a negative return on equity of 41.02%. The business had revenue of $214.97 million for the quarter, compared to analyst estimates of $222.20 million. As a group, equities research analysts expect that Westrock Coffee will post -0.04 earnings per share for the current year.

Institutional Investors Weigh In On Westrock Coffee

Hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. bought a new position in Westrock Coffee during the third quarter worth about $25,000. Gladius Capital Management LP bought a new stake in Westrock Coffee during the third quarter valued at $29,000. Hexagon Capital Partners LLC purchased a new position in Westrock Coffee during the first quarter worth about $41,000. Tower Research Capital LLC TRC raised its stake in Westrock Coffee by 807.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,397 shares of the company’s stock valued at $96,000 after purchasing an additional 8,361 shares in the last quarter. Finally, Asset Advisors Investment Management LLC purchased a new position in shares of Westrock Coffee in the 3rd quarter worth about $89,000. Institutional investors own 45.08% of the company’s stock.

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.