Westrock Coffee’s (WEST) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Westrock Coffee (NASDAQ:WEST) in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a $10.00 target price on the stock.

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $9.00 target price on shares of Westrock Coffee in a research note on Wednesday, March 12th.

Westrock Coffee Price Performance

Shares of NASDAQ WEST opened at $6.88 on Friday. The firm has a market cap of $648.01 million, a PE ratio of -8.00 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. Westrock Coffee has a 1-year low of $5.28 and a 1-year high of $10.99. The company has a fifty day moving average price of $6.46 and a 200 day moving average price of $6.81.

Hedge Funds Weigh In On Westrock Coffee

Large investors have recently modified their holdings of the business. Stephens Inc. AR boosted its stake in shares of Westrock Coffee by 54.8% during the 4th quarter. Stephens Inc. AR now owns 236,364 shares of the company’s stock worth $1,517,000 after buying an additional 83,647 shares during the last quarter. Barclays PLC boosted its stake in shares of Westrock Coffee by 363.9% during the 3rd quarter. Barclays PLC now owns 57,357 shares of the company’s stock worth $373,000 after buying an additional 44,993 shares during the last quarter. State Street Corp boosted its stake in shares of Westrock Coffee by 2.0% during the 3rd quarter. State Street Corp now owns 649,553 shares of the company’s stock worth $4,222,000 after buying an additional 12,937 shares during the last quarter. Principal Street Partners LLC boosted its stake in shares of Westrock Coffee by 100.0% during the 3rd quarter. Principal Street Partners LLC now owns 391,680 shares of the company’s stock worth $2,546,000 after buying an additional 195,800 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Westrock Coffee by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 806,325 shares of the company’s stock worth $5,242,000 after buying an additional 43,731 shares during the last quarter. 45.08% of the stock is currently owned by institutional investors and hedge funds.

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.