Westrock Coffee Company $WEST Stock Holdings Decreased by Silverleafe Capital Partners LLC

Key Points

• Silverleafe Capital Partners cut its Westrock Coffee stake by 63.3% in the third quarter, selling 613,061 shares and retaining 355,156 shares worth approximately $2.86 million.
• Other institutional investors, including BlackRock, Bank of America and Algert Global, recently initiated positions; institutional investors collectively own 45.08% of Westrock Coffee.
• Analyst sentiment is mixed, with three Buy ratings, one Hold and one Sell, producing a consensus “Hold” rating and a $10 price target. WEST shares recently traded at $8.14 after the company reported quarterly revenue and adjusted earnings below expectations.

Silverleafe Capital Partners LLC lowered its stake in Westrock Coffee Company (NASDAQ:WEST - Free Report) by 63.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,156 shares of the company's stock after selling 613,061 shares during the period. Westrock Coffee comprises 0.8% of Silverleafe Capital Partners LLC's investment portfolio, making the stock its 28th biggest position. Silverleafe Capital Partners LLC owned approximately 0.36% of Westrock Coffee worth $2,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Westrock Coffee during the 2nd quarter worth about $22,500,000. Agman Capital LLC purchased a new position in Westrock Coffee during the 4th quarter worth $3,007,000. Bank of America Corp DE acquired a new position in Westrock Coffee in the 2nd quarter valued at about $3,049,000. Algert Global LLC acquired a new position in shares of Westrock Coffee in the second quarter valued at approximately $2,816,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Westrock Coffee during the first quarter worth about $1,203,000. Institutional investors and hedge funds own 45.08% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Stifel Nicolaus set a $9.00 target price on shares of Westrock Coffee in a research report on Friday, August 7th. Benchmark reissued a "buy" rating on shares of Westrock Coffee in a research report on Monday, August 31st. Telsey Advisory Group upped their target price on Westrock Coffee from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Westrock Coffee in a research note on Tuesday, August 4th. Three 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 MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $10.00.

Westrock Coffee Trading Up 1.8%

WEST stock traded up $0.14 during trading on Friday, reaching $8.14. The stock had a trading volume of 338,972 shares, compared to its average volume of 497,743. Westrock Coffee Company has a 1-year low of $3.59 and a 1-year high of $10.19. The firm has a fifty day moving average price of $8.04 and a 200 day moving average price of $7.27. The company has a market capitalization of $794.68 million, a P/E ratio of -12.33 and a beta of 0.88.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The business had revenue of $305.66 million during the quarter, compared to analysts' expectations of $318.80 million. Westrock Coffee had a negative net margin of 4.88% and a negative return on equity of 2,145.68%. Sell-side analysts predict that Westrock Coffee Company will post -0.22 EPS for the current year.

Westrock Coffee Profile

Westrock Coffee Company NASDAQ: WEST is a global provider of integrated coffee, tea, flavor, extract and ready-to-drink beverage solutions. The company sources, develops, manufactures and distributes beverage products for businesses seeking customized offerings and end-to-end supply-chain support.

Its products and services include roasted and soluble coffee, tea, ready-to-drink beverages, flavors, extracts and related ingredients. Westrock Coffee also provides beverage equipment, brewing systems, packaging, product development and logistics services.

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