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

Telsey Advisory Group reissued their outperform rating on shares of Westrock Coffee (NASDAQ:WEST) in a report issued on Wednesday,Benzinga reports. The brokerage currently has a $9.00 price objective on the stock.

Westrock Coffee Trading Up 24.9 %

Shares of WEST opened at $6.88 on Wednesday. The stock has a market capitalization of $648.01 million, a P/E ratio of -8.00 and a beta of 0.59. 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 firm has a fifty day simple moving average of $6.46 and a two-hundred day simple moving average of $6.83. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $10.99.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WEST. Summit Asset Management LLC purchased a new position in Westrock Coffee during the 3rd quarter valued at about $86,000. Quest Partners LLC increased its stake in Westrock Coffee by 32,869.0% during the 3rd quarter. Quest Partners LLC now owns 60,663 shares of the company’s stock valued at $394,000 after purchasing an additional 60,479 shares in the last quarter. Intech Investment Management LLC bought a new stake in Westrock Coffee during the 3rd quarter valued at about $71,000. Charles Schwab Investment Management Inc. increased its stake in Westrock Coffee by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 282,643 shares of the company’s stock valued at $1,837,000 after purchasing an additional 22,945 shares in the last quarter. Finally, Principal Street Partners LLC increased its stake in Westrock Coffee by 100.0% during the 3rd quarter. Principal Street Partners LLC now owns 391,680 shares of the company’s stock valued at $2,546,000 after purchasing an additional 195,800 shares in the last quarter. 45.08% of the stock is owned by hedge funds and other 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.