Westrock Coffee (NASDAQ:WEST) Stock

Westrock Coffee

Westrock Coffee Co is an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the U.S, providing coffee sourcing, supply chain management, product development, roasting, packaging, and distribution services to retail, foodservice and restaurant, convenience store and travel center, non-commercial account, CPG, and hospitality industries around the world. The company's segment includes Beverage Solutions and Sustainable Sourcing and Traceability. It generates maximum revenue from the Beverage Solutions segment.

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WEST

Westrock Coffee is building a new facility specializing in coffee-based ready-to-drink (RTD) beverages. Analyst initiates coverage with a Buy rating and $10 price target. 

Why This Westrock Coffee Analyst Is Bullish About The Strategic Shift To Ready-To-Drink Beverages

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Westrock Coffee (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEST#NASDAQ">WEST</a>) reported quarterly losses of $(0.05) per share which beat the analyst consensus estimate of $(0.06) by 16.67 percent. The company reported quarterly sales of $220.90 million which missed the analyst consensus estimate of $238.37 million by 7.33 percent. This is a 0.59 percent increase over sales of $219.61 million the same period last year.

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Westrock Coffee Q3 2024 Adj EPS $(0.05) Beats $(0.06) Estimate, Sales $220.90M Miss $238.37M Estimate

Shares of Westrock Coffee Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEST#NASDAQ">WEST</a>) came <a href="https://www.benzinga.com/quote/WEST">under pressure in early trading on Monday</a>.
The company is well positioned for margin expansion with the build out of its new facility in Conway, Arkansas.
Truist Securities<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59e8ba80efacff0001417468/patrick-scholes"> analyst Bill Chappell</a> initiated coverage of Westrock Coffee with a Buy rating and price target of $10.
The Westrock Coffee Thesis: The new state-of-the-art facility specializes in manufacturing coffee-based ready-to-drink (RTD) beverages, Chappell said.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
American consumers like the convenience of ready-to-drink coffee beverages. That&#8217;s why this has "proliferated in retail outlets over the past decade," Chappell said. 
Westrock Coffee is the only "one-stop shop in the RTD industry with scale," Chappell added.
"We believe the existing customers have only dipped a toe in the water of what Westrock can offer," he further wrote.
Westrock Coffee's strategy of "moving into the value-add/packaged goods segment" enables "higher and more predictable margins for the company," Chappell said.
Extracts and RTDs can generate 4x to 5x of the margins generated by roast and ground coffee, the analyst added.
WEST Price Action: Shares of Westrock Coffee had declined by 5.55% to $5.62 at the time of publication on Monday.
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6001c7a72bbc2200013493df/bill-chappell">Truist Securities analyst Bill Chappell</a> initiated coverage on Westrock Coffee Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEST#NASDAQ">WEST</a>) with a Buy rating and announced a price target of $10. Westrock Coffee shares fell 3.2% to close at $5.95 on Friday. <a href="https://www.benzinga.com/quote/WEST/analyst-ratings">See how other analysts view this stock</a>.</li>
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Truist Securities analyst Bill Chappell initiates coverage on Westrock Coffee (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEST#NASDAQ">WEST</a>) with a Buy rating and announces Price Target of $10.

Price Target

Truist Securities Initiates Coverage On Westrock Coffee with Buy Rating, Announces Price Target of $10

Craig-Hallum analyst Eric Des Lauriers initiates coverage on Westrock Coffee (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEST#NASDAQ">WEST</a>) with a Buy rating and announces Price Target of $13.

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