Westrock Coffee (NASDAQ:WEST) Stock Price Up 15.4% – Here’s Why

Westrock Coffee (NASDAQ:WESTGet Free Report)’s stock price rose 15.4% on Friday . The company traded as high as $6.59 and last traded at $6.36. Approximately 147,224 shares were traded during trading, a decline of 44% from the average daily volume of 263,991 shares. The stock had previously closed at $5.51.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WEST shares. Benchmark reiterated a “buy” rating and set a $10.00 target price on shares of Westrock Coffee in a report on Friday. Telsey Advisory Group reiterated an “outperform” rating and set a $9.00 target price on shares of Westrock Coffee in a report on Wednesday.

Read Our Latest Research Report on Westrock Coffee

Westrock Coffee Stock Performance

The company has a market capitalization of $643.30 million, a price-to-earnings ratio of -7.91 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. The stock has a 50 day simple moving average of $6.45 and a two-hundred day simple moving average of $6.84.

Institutional Investors Weigh In On Westrock Coffee

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new stake in shares of Westrock Coffee during the 4th quarter worth approximately $37,000. KLP Kapitalforvaltning AS acquired a new stake in Westrock Coffee during the 4th quarter worth $47,000. Atom Investors LP purchased a new stake in Westrock Coffee in the third quarter valued at $70,000. Intech Investment Management LLC purchased a new position in shares of Westrock Coffee during the third quarter worth about $71,000. Finally, Virtu Financial LLC acquired a new stake in shares of Westrock Coffee during the fourth quarter worth about $83,000. Hedge funds and other institutional investors own 45.08% of the company’s stock.

About Westrock Coffee

(Get Free Report)

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.

Further Reading

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