Westrock Coffee (NASDAQ:WEST) Earns Buy Rating from Benchmark

Benchmark reissued their buy rating on shares of Westrock Coffee (NASDAQ:WEST) in a research report sent to investors on Friday,Benzinga reports. Benchmark currently has a $10.00 price objective on the stock.

Separately, Telsey Advisory Group reiterated an “outperform” rating and issued a $9.00 target price on shares of Westrock Coffee in a research note on Wednesday, March 12th.

Westrock Coffee Trading Up 24.9 %

Shares of NASDAQ:WEST opened at $6.88 on Friday. Westrock Coffee has a 52-week low of $5.28 and a 52-week high of $10.99. The company 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 50-day simple moving average of $6.46 and a 200 day simple moving average of $6.81. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39.

Institutional Inflows and Outflows

Several large investors 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 about $37,000. KLP Kapitalforvaltning AS bought a new position in Westrock Coffee in the 4th quarter valued at about $47,000. Atom Investors LP bought a new position in Westrock Coffee in the 3rd quarter valued at about $70,000. Intech Investment Management LLC bought a new position in Westrock Coffee in the 3rd quarter valued at about $71,000. Finally, Virtu Financial LLC bought a new position in Westrock Coffee in the 4th quarter valued at about $83,000. 45.08% of the stock is 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.