Westrock Coffee (NASDAQ:WEST) Reaches New 12-Month Low - What's Next?

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) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.10 and last traded at $5.29, with a volume of 428317 shares traded. The stock had previously closed at $5.41.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $10.00 price objective on shares of Westrock Coffee in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Westrock Coffee from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Westrock Coffee has a consensus rating of "Buy" and a consensus price target of $10.60.

Westrock Coffee Stock Down 3.0%

The company has a market cap of $498.17 million, a P/E ratio of -5.60 and a beta of 0.51. The company has a debt-to-equity ratio of 23.42, a quick ratio of 0.50 and a current ratio of 1.04. The business's fifty day moving average is $6.32 and its two-hundred day moving average is $6.43.

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

Insiders Place Their Bets

In other news, Director Joe T. Ford bought 5,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was acquired at an average cost of $5.30 per share, with a total value of $26,500.00. Following the transaction, the director directly owned 413,916 shares in the company, valued at approximately $2,193,754.80. This trade represents a 1.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 27.70% of the stock is currently owned by company insiders.

Institutional Trading of Westrock Coffee

A number of hedge funds have recently added to or reduced their stakes in WEST. Rhumbline Advisers grew its holdings in Westrock Coffee by 3.4% during the 1st quarter. Rhumbline Advisers now owns 45,787 shares of the company's stock worth $331,000 after acquiring an additional 1,510 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Westrock Coffee by 10.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company's stock valued at $154,000 after buying an additional 2,003 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Westrock Coffee by 23.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,418 shares of the company's stock valued at $87,000 after buying an additional 2,588 shares during the period. Swiss National Bank raised its stake in Westrock Coffee by 4.4% in the first quarter. Swiss National Bank now owns 73,000 shares of the company's stock worth $527,000 after buying an additional 3,100 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Westrock Coffee by 6.6% during the fourth quarter. Barclays PLC now owns 61,159 shares of the company's stock worth $392,000 after buying an additional 3,802 shares during the period. 45.08% of the stock is owned by hedge funds and other institutional investors.

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.