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

Westrock Coffee (NASDAQ:WEST)‘s stock had its “buy” rating reiterated by investment analysts at Benchmark in a note issued to investors on Friday,Benzinga reports. They currently have a $10.00 price objective on the stock. Benchmark’s target price points to a potential upside of 45.35% from the stock’s current price.

Separately, Telsey Advisory Group reiterated an “outperform” rating and set a $9.00 target price on shares of Westrock Coffee in a research report on Wednesday.

Westrock Coffee Stock Performance

Westrock Coffee stock opened at $6.88 on Friday. Westrock Coffee has a 12-month low of $5.28 and a 12-month high of $10.99. The stock has a 50-day simple moving average of $6.46 and a 200 day simple moving average of $6.82. 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 $648.01 million, a price-to-earnings ratio of -8.00 and a beta of 0.59.

Hedge Funds Weigh In On Westrock Coffee

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

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.