Westrock Coffee (NASDAQ:WEST) Shares Down 6.3% – What’s Next?

Westrock Coffee (NASDAQ:WEST)’s share price was down 6.3% during mid-day trading on Monday . The company traded as low as $7.39 and last traded at $7.35. Approximately 75,304 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 297,154 shares. The stock had previously closed at $7.84.

Wall Street Analysts Forecast Growth

WEST has been the topic of several recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $9.00 target price on shares of Westrock Coffee in a research note on Tuesday, May 6th. Stifel Nicolaus reduced their price objective on shares of Westrock Coffee from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Finally, Benchmark reiterated a “buy” rating and set a $10.00 price target on shares of Westrock Coffee in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Westrock Coffee currently has an average rating of “Buy” and a consensus target price of $10.40.

Westrock Coffee Trading Up 0.6%

The business has a 50-day moving average of $6.46 and a 200 day moving average of $6.65. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39. The stock has a market cap of $712.55 million, a PE ratio of -8.85 and a beta of 0.49.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.05). The firm had revenue of $213.80 million during the quarter, compared to analysts’ expectations of $213.85 million. Westrock Coffee had a negative return on equity of 20.72% and a negative net margin of 9.05%. Equities research analysts predict that Westrock Coffee will post -0.3 EPS for the current fiscal year.

Insider Transactions at Westrock Coffee

In related news, COO William A. Ford acquired 15,000 shares of Westrock Coffee stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average price of $6.45 per share, for a total transaction of $96,750.00. Following the transaction, the chief operating officer now directly owns 476,190 shares of the company’s stock, valued at $3,071,425.50. This trade represents a 3.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joe T. Ford purchased 10,000 shares of Westrock Coffee stock in a transaction on Tuesday, May 13th. The shares were acquired at an average price of $7.35 per share, with a total value of $73,500.00. Following the transaction, the director now directly owns 276,445 shares in the company, valued at $2,031,870.75. This trade represents a 3.75% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 120,000 shares of company stock worth $879,150. 42.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Westrock Coffee

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in shares of Westrock Coffee during the 4th quarter worth about $37,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Westrock Coffee in the 4th quarter valued at $47,000. HHM Wealth Advisors LLC increased its stake in shares of Westrock Coffee by 130.9% in the 1st quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company’s stock valued at $58,000 after buying an additional 4,580 shares during the period. State of Wyoming bought a new position in shares of Westrock Coffee in the 1st quarter worth $62,000. Finally, Virtu Financial LLC bought a new position in Westrock Coffee during the fourth quarter worth about $83,000. 45.08% of the stock is owned by institutional investors and hedge funds.

About Westrock Coffee

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.