Westrock Coffee (NASDAQ:WEST) Sees Large Volume Increase on Analyst Upgrade

Westrock Coffee Company (NASDAQ:WEST) saw unusually-high trading volume on Monday after Weiss Ratings upgraded the stock from a sell (e+) rating to a sell (d-) rating. Approximately 481,600 shares traded hands during mid-day trading, an increase of 21% from the previous session’s volume of 398,930 shares.The stock last traded at $8.7940 and had previously closed at $8.25.

Several other analysts have also recently issued reports on WEST. Telsey Advisory Group increased their target price on shares of Westrock Coffee from $7.00 to $9.00 and gave the stock an “outperform” rating in a research note on Friday. Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research cut shares of Westrock Coffee from a “hold” rating to a “strong sell” rating in a research report on Friday, March 20th. Finally, Stifel Nicolaus set a $8.00 price objective on shares of Westrock Coffee in a report on Friday. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.50.

Insider Activity at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford bought 55,000 shares of Westrock Coffee stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of $4.60 per share, with a total value of $253,000.00. Following the acquisition, the director owned 533,916 shares in the company, valued at approximately $2,456,013.60. This trade represents a 11.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 27.70% of the company’s stock.

Institutional Investors Weigh In On Westrock Coffee

Large investors have recently added to or reduced their stakes in the company. Red Door Wealth Management LLC grew its holdings in Westrock Coffee by 7.7% in the 1st quarter. Red Door Wealth Management LLC now owns 28,000 shares of the company’s stock worth $119,000 after acquiring an additional 2,000 shares during the last quarter. Agman Capital LLC bought a new stake in Westrock Coffee in the 4th quarter worth $3,007,000. Waterloo Capital L.P. bought a new stake in Westrock Coffee in the 4th quarter worth $43,000. Lathrop Investment Management Co. grew its holdings in Westrock Coffee by 29.6% in the 4th quarter. Lathrop Investment Management Co. now owns 23,615 shares of the company’s stock worth $96,000 after acquiring an additional 5,400 shares during the last quarter. Finally, Hexagon Capital Partners LLC bought a new stake in Westrock Coffee in the 4th quarter worth $48,000. Institutional investors own 45.08% of the company’s stock.

Westrock Coffee Stock Performance

The firm has a market cap of $844.11 million, a P/E ratio of -11.62 and a beta of 0.78. The company has a current ratio of 0.96, a quick ratio of 0.48 and a debt-to-equity ratio of 37.87. The business’s fifty day simple moving average is $4.72 and its 200-day simple moving average is $4.55.

Westrock Coffee (NASDAQ:WEST) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. The business had revenue of $308.83 million for the quarter, compared to analyst estimates of $285.13 million. Westrock Coffee had a negative net margin of 5.59% and a negative return on equity of 439.15%. As a group, sell-side analysts expect that Westrock Coffee Company will post -0.16 earnings per share for the current year.

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.