Rainey & Randall Investment Management Inc. Has $404,000 Stock Position in Westrock Coffee (NASDAQ:WEST)

Rainey & Randall Investment Management Inc. trimmed its position in Westrock Coffee (NASDAQ:WEST) by 20.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,547 shares of the company’s stock after selling 10,453 shares during the quarter. Rainey & Randall Investment Management Inc.’s holdings in Westrock Coffee were worth $404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WEST. First Horizon Advisors Inc. purchased a new stake in shares of Westrock Coffee in the third quarter worth approximately $25,000. Gladius Capital Management LP purchased a new stake in shares of Westrock Coffee in the third quarter worth approximately $29,000. Asset Advisors Investment Management LLC purchased a new stake in shares of Westrock Coffee in the third quarter worth approximately $89,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Westrock Coffee by 24.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,151 shares of the company’s stock worth $90,000 after purchasing an additional 2,018 shares in the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Westrock Coffee in the third quarter worth approximately $98,000. 45.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Benchmark raised their price objective on shares of Westrock Coffee from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Telsey Advisory Group raised their price objective on shares of Westrock Coffee from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, February 16th.

Westrock Coffee Stock Up 1.8 %

WEST traded up $0.18 during midday trading on Friday, hitting $10.23. 108,371 shares of the company’s stock traded hands, compared to its average volume of 120,236. The company has a market cap of $900.55 million, a PE ratio of -18.27 and a beta of 0.46. The stock’s fifty day simple moving average is $10.05 and its 200-day simple moving average is $9.61. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.31 and a quick ratio of 0.68. Westrock Coffee has a one year low of $6.88 and a one year high of $12.90.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Westrock Coffee had a negative net margin of 4.05% and a negative return on equity of 41.02%. The firm had revenue of $214.97 million during the quarter, compared to the consensus estimate of $222.20 million. As a group, equities analysts anticipate that Westrock Coffee will post -0.05 earnings per share for the current fiscal year.

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.