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

Westrock Coffee Company (NASDAQ:WEST)’s share price was 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 changed hands during trading, a decline of 20% from the average daily volume of 539,586 shares. The stock had previously closed at $9.39.

Analyst Ratings Changes

WEST has been the topic of several analyst reports. Telsey Advisory Group raised their price target on shares of Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Weiss Ratings upgraded Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Zacks Research raised Westrock Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Wall Street Zen upgraded Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Stifel Nicolaus set a $8.00 target price on Westrock Coffee in a research note on Friday, May 8th. Three equities research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.00.

Westrock Coffee Stock Down 10.0%

The firm has a market cap of $818.72 million, a price-to-earnings ratio of -11.32 and a beta of 0.90. The stock’s 50 day moving average is $7.73 and its 200 day moving average is $5.60. The company has a quick ratio of 0.46, a current ratio of 0.97 and a debt-to-equity ratio of 37.87.

Westrock Coffee (NASDAQ:WEST) last released its earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share for the quarter, topping 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 firm had revenue of $308.83 million during the quarter, compared to the consensus estimate of $285.12 million. Analysts forecast that Westrock Coffee Company will post -0.18 EPS for the current year.

Insider Transactions at Westrock Coffee

In other news, Director Joe T. Ford bought 15,000 shares of the stock in a transaction that occurred on 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 directly owned 273,000 shares in the company, valued at approximately $2,320,500. The trade was a 5.81% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 34,500 shares of company stock worth $290,715 over the last quarter. 25.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Westrock Coffee

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Group One Trading LLC acquired a new position in shares of Westrock Coffee in the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC lifted its stake in Westrock Coffee by 199.0% during the second quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock valued at $36,000 after purchasing an additional 4,136 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Westrock Coffee by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock worth $38,000 after buying an additional 3,439 shares in the last quarter. Waterloo Capital L.P. bought a new stake in Westrock Coffee during the fourth quarter worth approximately $43,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Westrock Coffee in the fourth quarter worth approximately $47,000. 45.08% of the stock is owned by institutional investors and hedge funds.

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.