Westrock Coffee (NASDAQ:WEST) Stock Price Down 3.8% – What’s Next?

Westrock Coffee Company (NASDAQ:WEST)’s stock price fell 3.8% on Tuesday . The stock traded as low as $8.10 and last traded at $8.12. 68,983 shares were traded during trading, a decline of 87% from the average session volume of 526,794 shares. The stock had previously closed at $8.44.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Benchmark upped their price target on shares of Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Stifel Nicolaus set a $9.00 target price on shares of Westrock Coffee in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Westrock Coffee in a report on Tuesday, August 4th. Telsey Advisory Group increased their price objective on Westrock Coffee from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Finally, Zacks Research raised Westrock Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Westrock Coffee Price Performance

The company has a market capitalization of $800.08 million, a PE ratio of -12.41 and a beta of 0.90. The company’s fifty day moving average is $8.10 and its 200-day moving average is $6.62.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The company had revenue of $305.66 million for the quarter, compared to analysts’ expectations of $318.80 million. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 4.88%. Equities research analysts forecast that Westrock Coffee Company will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WEST. Group One Trading LLC acquired a new stake in Westrock Coffee in the first quarter valued at approximately $26,000. Legal & General Group Plc purchased a new stake in shares of Westrock Coffee during the 2nd quarter valued at $30,000. California State Teachers Retirement System boosted its position in shares of Westrock Coffee by 115.0% in the 2nd quarter. California State Teachers Retirement System now owns 4,193 shares of the company’s stock worth $34,000 after purchasing an additional 2,243 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Westrock Coffee by 199.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock worth $36,000 after buying an additional 4,136 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Westrock Coffee by 79.2% during the 3rd 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 during the last quarter. Institutional investors own 45.08% of the company’s stock.

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.