Westrock Coffee Company (NASDAQ:WEST – Get Free Report) has been given a consensus rating of “Hold” by the five research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $10.00.
Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Westrock Coffee in a report on Tuesday, August 4th. Stifel Nicolaus set a $9.00 price objective on shares of Westrock Coffee in a research report on Friday, August 7th. Telsey Advisory Group raised their target price on shares of Westrock Coffee from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Finally, Benchmark reiterated a “buy” rating on shares of Westrock Coffee in a research note on Monday, August 31st.
View Our Latest Stock Report on WEST
Westrock Coffee Price Performance
Westrock Coffee (NASDAQ:WEST – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Westrock Coffee had a negative net margin of 4.88% and a negative return on equity of 2,145.68%. The business had revenue of $305.66 million during the quarter, compared to the consensus estimate of $318.80 million. Analysts expect that Westrock Coffee will post -0.22 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Westrock Coffee in the second quarter valued at about $22,500,000. State Street Corp grew its position in shares of Westrock Coffee by 3.7% during the 2nd quarter. State Street Corp now owns 793,823 shares of the company’s stock worth $6,438,000 after purchasing an additional 28,318 shares in the last quarter. Agman Capital LLC bought a new position in shares of Westrock Coffee during the fourth quarter worth approximately $3,007,000. Bank of America Corp DE acquired a new stake in shares of Westrock Coffee in the second quarter valued at approximately $3,049,000. Finally, Algert Global LLC bought a new stake in shares of Westrock Coffee in the second quarter valued at approximately $2,816,000. 45.08% of the stock is owned by institutional investors and hedge funds.
About Westrock Coffee
Westrock Coffee Company is a global integrated coffee, tea, flavors, extracts and ready-to-drink beverage solutions provider. The company works with businesses to develop, source, process, package and distribute beverage products, offering solutions that can include roasted and ground coffee, single-serve formats, tea, liquid and dry extracts, flavors, and ready-to-drink beverages.
Westrock Coffee serves a range of customers, including restaurants, convenience stores, hospitality companies, retailers, consumer packaged goods manufacturers and other foodservice operators.
Featured Stories
- Five stocks we like better than Westrock Coffee
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
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.
