Telsey Advisory Group Has Lowered Expectations for Westrock Coffee (NASDAQ:WEST) Stock Price

Westrock Coffee (NASDAQ:WEST - Free Report) had its price objective cut by Telsey Advisory Group from $14.00 to $10.00 in a report published on Friday, MarketBeat reports. They currently have an outperform rating on the stock.

WEST has been the topic of several other research reports. Truist Financial began coverage on Westrock Coffee in a report on Monday, October 7th. They issued a "buy" rating and a $10.00 price target on the stock. Craig Hallum initiated coverage on Westrock Coffee in a research report on Monday, September 23rd. They set a "buy" rating and a $13.00 price target for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $11.40.

Westrock Coffee Stock Down 1.2 %

Shares of Westrock Coffee stock traded down $0.09 during mid-day trading on Friday, reaching $7.21. 553,114 shares of the stock were exchanged, compared to its average volume of 238,543. The firm has a 50-day simple moving average of $6.90 and a 200 day simple moving average of $8.89. Westrock Coffee has a fifty-two week low of $5.28 and a fifty-two week high of $11.21. The company has a current ratio of 1.31, a quick ratio of 0.67 and a debt-to-equity ratio of 4.05.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.16). Westrock Coffee had a negative net margin of 5.37% and a negative return on equity of 18.20%. The business had revenue of $208.39 million for the quarter, compared to the consensus estimate of $214.40 million. During the same quarter in the previous year, the firm posted ($0.21) EPS. The business's revenue was down 7.3% on a year-over-year basis. Analysts expect that Westrock Coffee will post -0.2 EPS for the current year.

Insider Transactions at Westrock Coffee

In related news, Director Joe T. Ford acquired 5,000 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of $6.97 per share, for a total transaction of $34,850.00. Following the completion of the acquisition, the director now directly owns 249,445 shares in the company, valued at approximately $1,738,631.65. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders acquired 11,092 shares of company stock worth $81,546. 42.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WEST. Brown Brothers Harriman & Co. bought a new position in shares of Westrock Coffee during the second quarter worth approximately $19,199,000. Vanguard Group Inc. boosted its position in shares of Westrock Coffee by 23.2% in the first quarter. Vanguard Group Inc. now owns 2,538,327 shares of the company's stock valued at $26,221,000 after acquiring an additional 478,088 shares during the period. Quest Partners LLC grew its stake in shares of Westrock Coffee by 32,869.0% in the third quarter. Quest Partners LLC now owns 60,663 shares of the company's stock valued at $394,000 after acquiring an additional 60,479 shares in the last quarter. Marshall Wace LLP bought a new position in Westrock Coffee during the second quarter worth about $443,000. Finally, Legacy Capital Wealth Partners LLC bought a new position in Westrock Coffee during the 2nd quarter worth $297,000. 45.08% of the stock is owned by institutional investors.

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.