Westrock Coffee's (WEST) Buy Rating Reaffirmed at Benchmark

Westrock Coffee (NASDAQ:WEST - Get Free Report)'s stock had its "buy" rating restated by research analysts at Benchmark in a research note issued to investors on Friday,Benzinga reports. They presently have a $10.00 price target on the stock. Benchmark's target price indicates a potential upside of 52.67% from the stock's previous close.

Separately, Telsey Advisory Group reiterated an "outperform" rating and set a $9.00 target price on shares of Westrock Coffee in a report on Wednesday, March 12th.

Westrock Coffee Stock Down 6.0 %

WEST stock traded down $0.42 during trading hours on Friday, reaching $6.55. 288,314 shares of the stock were exchanged, compared to its average volume of 266,984. The firm's 50-day moving average is $6.47 and its 200-day moving average is $6.79. The company has a market cap of $616.93 million, a price-to-earnings ratio of -7.62 and a beta of 0.59. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73. Westrock Coffee has a 12 month low of $5.28 and a 12 month high of $10.99.

Insider Activity

In related news, COO William A. Ford acquired 15,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $6.45 per share, for a total transaction of $96,750.00. Following the acquisition, the chief operating officer now directly owns 476,190 shares of the company's stock, valued at approximately $3,071,425.50. The trade was a 3.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 42.10% of the stock is owned by corporate insiders.

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Hedge Funds Weigh In On Westrock Coffee

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in Westrock Coffee in the 4th quarter valued at about $37,000. KLP Kapitalforvaltning AS acquired a new stake in Westrock Coffee during the fourth quarter worth approximately $47,000. Atom Investors LP acquired a new stake in shares of Westrock Coffee in the third quarter valued at approximately $70,000. Intech Investment Management LLC acquired a new stake in shares of Westrock Coffee in the third quarter valued at approximately $71,000. Finally, Virtu Financial LLC bought a new position in Westrock Coffee in the fourth quarter valued at approximately $83,000. Institutional investors own 45.08% of the company's stock.

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.