Westrock Coffee (NASDAQ:WEST) Shares Up 5.9% – Still a Buy?

Westrock Coffee Company (NASDAQ:WESTGet Free Report) shares rose 5.9% during trading on Tuesday . The stock traded as high as $8.09 and last traded at $8.1440. 46,723 shares changed hands during trading, a decline of 91% from the average daily volume of 503,615 shares. The stock had previously closed at $7.69.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Westrock Coffee in a research note on Tuesday, August 4th. Benchmark reiterated a “buy” rating on shares of Westrock Coffee in a research report on Monday, August 31st. Telsey Advisory Group increased their target price on shares of Westrock Coffee from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Finally, Stifel Nicolaus set a $9.00 price target on shares of Westrock Coffee in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.00.

Check Out Our Latest Analysis on Westrock Coffee

Westrock Coffee Price Performance

The firm has a 50-day simple moving average of $7.94 and a 200 day simple moving average of $7.04. The stock has a market capitalization of $790.80 million, a P/E ratio of -12.26 and a beta of 0.89.

Westrock Coffee (NASDAQ:WESTGet Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 4.88%.The firm had revenue of $305.66 million for the quarter, compared to the consensus estimate of $318.80 million. Sell-side analysts anticipate that Westrock Coffee Company will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of Westrock Coffee

A number of institutional investors and hedge funds have recently bought and sold shares of WEST. Sequoia Financial Advisors LLC acquired a new position in Westrock Coffee during the 2nd quarter worth about $88,000. WINTON GROUP Ltd acquired a new position in shares of Westrock Coffee in the second quarter worth approximately $100,000. Citadel Advisors LLC boosted its holdings in Westrock Coffee by 19.3% in the second quarter. Citadel Advisors LLC now owns 218,376 shares of the company’s stock valued at $1,771,000 after acquiring an additional 35,328 shares during the last quarter. Corient Private Wealth LP bought a new stake in Westrock Coffee in the second quarter valued at approximately $101,000. Finally, Two Sigma Securities LLC acquired a new stake in Westrock Coffee during the 2nd quarter valued at approximately $125,000. 45.08% of the stock is currently owned by institutional investors and hedge funds.

About Westrock Coffee

(Get Free Report)

Westrock Coffee Company (NASDAQ: WEST) is a global provider of integrated coffee, tea, flavor, extract and ready-to-drink beverage solutions. The company sources, develops, manufactures and distributes beverage products for businesses seeking customized offerings and end-to-end supply-chain support.

Its products and services include roasted and soluble coffee, tea, ready-to-drink beverages, flavors, extracts and related ingredients. Westrock Coffee also provides beverage equipment, brewing systems, packaging, product development and logistics services.

Further Reading

Receive News & Ratings for Westrock Coffee Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westrock Coffee and related companies with MarketBeat.com's FREE daily email newsletter.