Westrock Coffee (NASDAQ:WEST) Hits New 1-Year Low - Here's What Happened

Key Points

• Shares of Westrock Coffee hit a new 52-week low of $5.10 during trading, reflecting market challenges for the company.
• Despite the recent decline, several analysts maintain a consensus "Buy" rating and a target price averaging around $10.60 for the stock.
• Westrock Coffee reported a loss of ($0.12) EPS in its latest earnings, exceeding analysts' expectations and generating revenue of $280.86 million, above the projected $238.34 million.

Westrock Coffee Company (NASDAQ:WEST - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as $5.10 and last traded at $5.29, with a volume of 428317 shares trading hands. The stock had previously closed at $5.41.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WEST. Wall Street Zen upgraded Westrock Coffee from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $10.00 target price on shares of Westrock Coffee in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, Westrock Coffee presently has a consensus rating of "Buy" and an average price target of $10.60.

Westrock Coffee Stock Performance

The stock has a 50-day simple moving average of $6.32 and a 200 day simple moving average of $6.43. The company has a debt-to-equity ratio of 23.42, a current ratio of 1.04 and a quick ratio of 0.50. The company has a market capitalization of $498.17 million, a PE ratio of -5.60 and a beta of 0.51.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.02. Westrock Coffee had a negative return on equity of 64.79% and a negative net margin of 9.28%.The company had revenue of $280.86 million during the quarter, compared to analysts' expectations of $238.34 million. Equities analysts anticipate that Westrock Coffee Company will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Westrock Coffee

In related news, Director Joe T. Ford purchased 5,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was bought at an average cost of $5.30 per share, with a total value of $26,500.00. Following the completion of the acquisition, the director directly owned 413,916 shares in the company, valued at $2,193,754.80. The trade was a 1.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 27.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Westrock Coffee

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new position in Westrock Coffee in the fourth quarter valued at $37,000. EverSource Wealth Advisors LLC boosted its position in shares of Westrock Coffee by 199.0% in the second 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 period. HHM Wealth Advisors LLC boosted its holdings in Westrock Coffee by 130.9% in the first quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company's stock valued at $58,000 after purchasing an additional 4,580 shares during the last quarter. State of Wyoming purchased a new position in Westrock Coffee in the first quarter valued at about $62,000. Finally, Magnetar Financial LLC purchased a new position in Westrock Coffee in the second quarter valued at about $65,000. 45.08% of the stock is currently owned by institutional investors and hedge funds.

Westrock Coffee Company Profile

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.