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

Telsey Advisory Group reiterated their outperform rating on shares of Westrock Coffee (NASDAQ:WEST) in a research report released on Friday, Benzinga reports. Telsey Advisory Group currently has a $14.00 price target on the stock.

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

Westrock Coffee Stock Performance

NASDAQ:WEST opened at $10.00 on Friday. The stock has a market cap of $880.30 million, a P/E ratio of -14.29 and a beta of 0.45. The company has a quick ratio of 0.60, a current ratio of 1.24 and a debt-to-equity ratio of 2.99. The business’s 50-day moving average price is $10.32 and its two-hundred day moving average price is $10.18. Westrock Coffee has a twelve month low of $6.88 and a twelve month high of $11.89.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WEST. Gladius Capital Management LP bought a new stake in shares of Westrock Coffee in the 3rd quarter worth approximately $29,000. Hexagon Capital Partners LLC purchased a new position in Westrock Coffee in the 1st quarter worth $41,000. Tower Research Capital LLC TRC lifted 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 worth $96,000 after purchasing an additional 8,361 shares during the last quarter. Cerity Partners LLC purchased a new stake in Westrock Coffee during the fourth quarter valued at about $114,000. Finally, Virtu Financial LLC bought a new position in shares of Westrock Coffee during the first quarter valued at about $117,000. 45.08% of the stock is currently owned by 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.