Westrock Coffee (NASDAQ:WEST – Get Free Report) had its target price dropped by stock analysts at Telsey Advisory Group from $10.00 to $9.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 32.55% from the stock’s previous close.
Westrock Coffee Stock Up 7.3 %
WEST stock opened at $6.79 on Thursday. The business has a 50-day moving average of $6.46 and a 200-day moving average of $6.92. Westrock Coffee has a fifty-two week low of $5.28 and a fifty-two week high of $10.99. The stock has a market capitalization of $639.54 million, a P/E ratio of -7.90 and a beta of 0.57. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73.
Institutional Trading of Westrock Coffee
A number of hedge funds and other institutional investors have recently made changes to their positions in WEST. BNP Paribas Financial Markets bought a new stake in Westrock Coffee during the 4th quarter worth about $37,000. KLP Kapitalforvaltning AS bought a new stake in Westrock Coffee during the fourth quarter worth about $47,000. Atom Investors LP bought a new stake in Westrock Coffee during the third quarter worth about $70,000. Intech Investment Management LLC acquired a new position in Westrock Coffee during 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. 45.08% of the stock is currently owned by institutional investors and hedge funds.
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.
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