Westrock Coffee (NASDAQ:WEST) Trading Down 5.7% – What’s Next?

Westrock Coffee Company (NASDAQ:WEST) shares were down 5.7% on Thursday . The stock traded as low as $7.38 and last traded at $7.4480. Approximately 262,833 shares were traded during trading, a decline of 46% from the average daily volume of 483,459 shares. The stock had previously closed at $7.90.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings raised Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Zacks Research upgraded Westrock Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Telsey Advisory Group boosted their target price on Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Stifel Nicolaus set a $8.00 price target on Westrock Coffee in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Westrock Coffee presently has an average rating of “Hold” and an average target price of $9.00.

Westrock Coffee Trading Down 4.9%

The firm has a market capitalization of $728.05 million, a price-to-earnings ratio of -10.01 and a beta of 0.90. The business’s 50 day moving average price is $6.25 and its 200-day moving average price is $5.04. The company has a debt-to-equity ratio of 37.87, a current ratio of 0.97 and a quick ratio of 0.46.

Westrock Coffee (NASDAQ:WEST) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09. Westrock Coffee had a negative net margin of 5.59% and a negative return on equity of 2,145.68%. The firm had revenue of $308.83 million during the quarter, compared to the consensus estimate of $285.13 million. Equities analysts forecast that Westrock Coffee Company will post -0.18 EPS for the current fiscal year.

Insider Activity at Westrock Coffee

In related news, Director Joe T. Ford acquired 15,000 shares of Westrock Coffee stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $8.50 per share, for a total transaction of $127,500.00. Following the completion of the purchase, the director directly owned 273,000 shares of the company’s stock, valued at approximately $2,320,500. This trade represents a 5.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 134,500 shares of company stock valued at $720,115 in the last ninety days. 25.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WEST. Bank of America Corp DE lifted its holdings in shares of Westrock Coffee by 2.2% in the first quarter. Bank of America Corp DE now owns 69,801 shares of the company’s stock valued at $297,000 after purchasing an additional 1,477 shares in the last quarter. Red Door Wealth Management LLC boosted its holdings in shares of Westrock Coffee by 7.7% during the first quarter. Red Door Wealth Management LLC now owns 28,000 shares of the company’s stock worth $119,000 after purchasing an additional 2,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Westrock Coffee by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company’s stock worth $154,000 after buying an additional 2,003 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Westrock Coffee by 14.9% in the fourth quarter. MetLife Investment Management LLC now owns 20,863 shares of the company’s stock valued at $85,000 after purchasing an additional 2,704 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Westrock Coffee by 10.1% in the 3rd quarter. Alliancebernstein L.P. now owns 31,720 shares of the company’s stock valued at $154,000 after purchasing an additional 2,900 shares during the last quarter. 45.08% of the stock is owned by hedge funds and other institutional investors.

Westrock Coffee Company Profile

Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.

Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.