Westrock Coffee’s (WEST) Outperform Rating Reiterated at Telsey Advisory Group

Westrock Coffee (NASDAQ:WEST)‘s stock had its “outperform” rating reissued by Telsey Advisory Group in a report issued on Wednesday,Benzinga reports. They currently have a $9.00 price objective on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 36.57% from the company’s previous close.

Westrock Coffee Price Performance

Shares of Westrock Coffee stock opened at $6.59 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 3.41. The stock has a market capitalization of $620.70 million, a price-to-earnings ratio of -7.66 and a beta of 0.59. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $10.99. The company has a 50-day simple moving average of $6.48 and a two-hundred day simple moving average of $6.86.

Institutional Investors Weigh In On Westrock Coffee

Several institutional investors have recently made changes to their positions in the stock. NFC Investments LLC raised its holdings in Westrock Coffee by 17.0% in the 3rd quarter. NFC Investments LLC now owns 4,044,207 shares of the company’s stock valued at $26,286,000 after acquiring an additional 588,160 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Westrock Coffee by 7.7% in the fourth quarter. Vanguard Group Inc. now owns 2,812,993 shares of the company’s stock worth $18,059,000 after purchasing an additional 199,939 shares during the period. Geode Capital Management LLC raised its stake in Westrock Coffee by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 841,226 shares of the company’s stock valued at $5,402,000 after purchasing an additional 34,901 shares in the last quarter. State Street Corp raised its stake in 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 in the last quarter. Finally, Millennium Management LLC lifted its position in Westrock Coffee by 198.9% during the fourth quarter. Millennium Management LLC now owns 589,450 shares of the company’s stock worth $3,784,000 after purchasing an additional 392,214 shares during the period. 45.08% of the stock is currently 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.