Westrock Coffee (NASDAQ:WEST) Stock Price Down 6.5% – Should You Sell?

Westrock Coffee Company (NASDAQ:WEST)’s stock price traded down 6.5% during mid-day trading on Monday . The company traded as low as $8.81 and last traded at $8.78. Approximately 432,616 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 539,586 shares. The stock had previously closed at $9.39.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WEST shares. Benchmark upped their price target on Westrock Coffee from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Telsey Advisory Group lifted their price objective on Westrock Coffee from $7.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Weiss Ratings upgraded Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Stifel Nicolaus set a $8.00 target price on shares of Westrock Coffee in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.00.

Westrock Coffee Stock Down 1.0%

The stock has a fifty day moving average price of $7.84 and a 200 day moving average price of $5.66. The company has a debt-to-equity ratio of 37.87, a current ratio of 0.97 and a quick ratio of 0.46. The stock has a market capitalization of $785.70 million, a P/E ratio of -10.81 and a beta of 0.90.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%.The company had revenue of $308.83 million for the quarter, compared to analyst estimates of $285.12 million. On average, research analysts forecast that Westrock Coffee Company will post -0.18 earnings per share for the current year.

Insider Activity

In other news, Director Joe T. Ford purchased 15,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $8.50 per share, with a total value of $127,500.00. Following the completion of the acquisition, the director owned 273,000 shares in the company, valued at $2,320,500. This represents a 5.81% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have bought 34,500 shares of company stock valued at $290,715 over the last quarter. Corporate insiders own 25.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WEST. NFC Investments LLC increased its holdings in shares of Westrock Coffee by 2.0% in the third quarter. NFC Investments LLC now owns 4,089,711 shares of the company’s stock worth $19,876,000 after purchasing an additional 81,730 shares during the period. Vanguard Group Inc. boosted its stake in Westrock Coffee by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,984,114 shares of the company’s stock valued at $14,503,000 after buying an additional 14,707 shares during the period. Agman Capital LLC purchased a new position in Westrock Coffee during the fourth quarter worth about $3,007,000. Millennium Management LLC grew its position in Westrock Coffee by 111.2% during the fourth quarter. Millennium Management LLC now owns 676,400 shares of the company’s stock worth $2,753,000 after buying an additional 356,118 shares in the last quarter. Finally, CastleKnight Management LP increased its stake in Westrock Coffee by 44.8% in the 4th quarter. CastleKnight Management LP now owns 575,000 shares of the company’s stock worth $2,340,000 after acquiring an additional 178,020 shares during the last quarter. 45.08% of the stock is owned by institutional investors.

About Westrock Coffee

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.