Westrock Coffee (NASDAQ:WEST - Free Report) had its price target decreased by Telsey Advisory Group from $10.00 to $9.00 in a research report report published on Thursday,Benzinga reports. Telsey Advisory Group currently has an outperform rating on the stock.
Westrock Coffee Stock Up 7.6 %
Shares of WEST traded up $0.51 during trading hours on Thursday, hitting $7.22. The stock had a trading volume of 283,739 shares, compared to its average volume of 261,033. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $6.47 and a 200-day simple moving average of $6.91. The firm has a market capitalization of $680.04 million, a P/E ratio of -8.40 and a beta of 0.57. Westrock Coffee has a 1-year low of $5.28 and a 1-year high of $10.99.
Institutional Trading of Westrock Coffee
Several large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Westrock Coffee by 44.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,851 shares of the company's stock valued at $397,000 after buying an additional 18,972 shares during the period. Sovereign s Capital Management LLC acquired a new stake in shares of Westrock Coffee in the 4th quarter valued at about $465,000. Millennium Management LLC lifted its position in Westrock Coffee by 198.9% in the 4th quarter. Millennium Management LLC now owns 589,450 shares of the company's stock valued at $3,784,000 after acquiring an additional 392,214 shares in the last quarter. Deutsche Bank AG lifted its position in Westrock Coffee by 88.3% in the 4th quarter. Deutsche Bank AG now owns 42,294 shares of the company's stock valued at $272,000 after acquiring an additional 19,829 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new position in Westrock Coffee in the 4th quarter valued at about $353,000. 45.08% of the stock is currently owned by institutional investors and hedge funds.
About Westrock Coffee
(
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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.
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