Telsey Advisory Group Has Lowered Expectations for Westrock Coffee (NASDAQ:WEST) Stock Price

Westrock Coffee (NASDAQ:WEST) had its price objective reduced by Telsey Advisory Group from $10.00 to $9.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Telsey Advisory Group’s price target suggests a potential upside of 24.65% from the stock’s previous close.

Westrock Coffee Stock Up 7.6 %

Shares of WEST opened at $7.22 on Thursday. The firm has a market capitalization of $680.04 million, a price-to-earnings ratio of -8.40 and a beta of 0.57. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39. The business’s fifty day moving average price is $6.47 and its two-hundred day moving average price is $6.91. Westrock Coffee has a 52 week low of $5.28 and a 52 week high of $10.99.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WEST. BNP Paribas Financial Markets bought a new position in Westrock Coffee in the 4th quarter valued at $37,000. KLP Kapitalforvaltning AS bought a new position in Westrock Coffee in the 4th quarter valued at $47,000. Atom Investors LP bought a new position in Westrock Coffee in the 3rd quarter valued at $70,000. Intech Investment Management LLC bought a new position in shares of Westrock Coffee in the 3rd quarter worth $71,000. Finally, Virtu Financial LLC bought a new position in shares of Westrock Coffee in the 4th quarter worth $83,000. 45.08% of the stock is currently owned by institutional investors.

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.