Telsey Advisory Group Reaffirms Outperform Rating for Westrock Coffee (NASDAQ:WEST)

Westrock Coffee (NASDAQ:WEST - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $9.00 target price on the stock. Telsey Advisory Group's target price would indicate a potential upside of 36.57% from the company's previous close.

Westrock Coffee Stock Up 2.5 %

WEST opened at $6.59 on Wednesday. The stock's fifty day simple moving average is $6.48 and its 200 day simple moving average is $6.86. Westrock Coffee has a 1-year low of $5.28 and a 1-year high of $10.99. The stock has a market cap of $620.70 million, a PE ratio of -7.66 and a beta of 0.59. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41.

Hedge Funds Weigh In On Westrock Coffee

Several large investors have recently modified their holdings of the stock. Stephens Inc. AR grew its stake in Westrock Coffee by 54.8% in the 4th quarter. Stephens Inc. AR now owns 236,364 shares of the company's stock valued at $1,517,000 after buying an additional 83,647 shares during the last quarter. Barclays PLC boosted its holdings in shares of Westrock Coffee by 363.9% during the third quarter. Barclays PLC now owns 57,357 shares of the company's stock worth $373,000 after acquiring an additional 44,993 shares during the period. State Street Corp grew its position in shares of Westrock Coffee by 2.0% in the third quarter. State Street Corp now owns 649,553 shares of the company's stock valued at $4,222,000 after purchasing an additional 12,937 shares during the last quarter. Principal Street Partners LLC increased its stake in shares of Westrock Coffee by 100.0% during the third quarter. Principal Street Partners LLC now owns 391,680 shares of the company's stock worth $2,546,000 after purchasing an additional 195,800 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Westrock Coffee by 5.7% during the third quarter. Geode Capital Management LLC now owns 806,325 shares of the company's stock worth $5,242,000 after purchasing an additional 43,731 shares during the period. 45.08% of the stock is owned by institutional investors.

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.

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