Telsey Advisory Group Lowers Westrock Coffee (NASDAQ:WEST) Price Target to $10.00

Westrock Coffee (NASDAQ:WEST) had its price target dropped by investment analysts at Telsey Advisory Group from $14.00 to $10.00 in a research report issued on Friday, Marketbeat reports. The firm currently has an “outperform” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 38.70% from the company’s previous close.

Other analysts have also recently issued reports about the company. Truist Financial initiated coverage on Westrock Coffee in a report on Monday, October 7th. They issued a “buy” rating and a $10.00 target price for the company. Craig Hallum started coverage on shares of Westrock Coffee in a research report on Monday, September 23rd. They set a “buy” rating and a $13.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $11.40.

Westrock Coffee Stock Performance

WEST opened at $7.21 on Friday. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $11.21. The firm has a market capitalization of $637.12 million, a PE ratio of -8.38 and a beta of 0.38. The company has a current ratio of 1.31, a quick ratio of 0.67 and a debt-to-equity ratio of 4.05. The firm’s 50-day moving average price is $6.89 and its 200 day moving average price is $8.86.

Westrock Coffee (NASDAQ:WEST) last issued its earnings results on Thursday, August 8th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $208.39 million for the quarter, compared to analyst estimates of $214.40 million. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. As a group, sell-side analysts expect that Westrock Coffee will post -0.2 EPS for the current fiscal year.

Insider Activity

In other Westrock Coffee news, Director Joe T. Ford acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $7.64 per share, with a total value of $38,200.00. Following the transaction, the director now owns 244,445 shares of the company’s stock, valued at $1,867,559.80. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have acquired a total of 11,092 shares of company stock valued at $81,546 in the last quarter. Insiders own 42.10% of the company’s stock.

Institutional Trading of Westrock Coffee

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gilliland Jeter Wealth Management LLC raised its holdings in shares of Westrock Coffee by 81.9% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 4,547 shares of the company’s stock valued at $30,000 after buying an additional 2,047 shares during the period. EverSource Wealth Advisors LLC increased its stake in Westrock Coffee by 69.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,520 shares of the company’s stock worth $35,000 after purchasing an additional 1,444 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Westrock Coffee during the second quarter worth about $39,000. Wolverine Asset Management LLC boosted its stake in shares of Westrock Coffee by 79.8% in the second quarter. Wolverine Asset Management LLC now owns 4,100 shares of the company’s stock valued at $42,000 after purchasing an additional 1,820 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Westrock Coffee in the third quarter valued at approximately $71,000. Hedge funds and other institutional investors own 45.08% of the company’s stock.

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.