Westrock Coffee (NASDAQ:WEST) Cut to Sell at Wall Street Zen

Westrock Coffee (NASDAQ:WEST - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Friday.

A number of other analysts have also weighed in on WEST. Stifel Nicolaus reduced their price target on shares of Westrock Coffee from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $9.00 price target on shares of Westrock Coffee in a research note on Tuesday, May 6th. Finally, Benchmark reaffirmed a "buy" rating and issued a $10.00 price target on shares of Westrock Coffee in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Westrock Coffee currently has an average rating of "Moderate Buy" and an average price target of $10.40.

Westrock Coffee Price Performance

NASDAQ WEST traded down $0.22 on Friday, hitting $5.73. The stock had a trading volume of 258,493 shares, compared to its average volume of 307,959. Westrock Coffee has a one year low of $5.28 and a one year high of $10.25. The company has a debt-to-equity ratio of 5.69, a current ratio of 1.18 and a quick ratio of 0.57. The company's 50-day moving average is $6.56 and its two-hundred day moving average is $6.50.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The firm had revenue of $213.80 million during the quarter, compared to the consensus estimate of $213.85 million. Westrock Coffee had a negative return on equity of 41.92% and a negative net margin of 9.61%. On average, equities analysts predict that Westrock Coffee will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Westrock Coffee news, Director Joe T. Ford bought 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average cost of $7.44 per share, with a total value of $186,000.00. Following the completion of the purchase, the director directly owned 371,445 shares in the company, valued at approximately $2,763,550.80. This trade represents a 7.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders have purchased 105,000 shares of company stock worth $782,400 over the last ninety days. 42.10% of the stock is owned by corporate insiders.

Institutional Trading of Westrock Coffee

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new stake in Westrock Coffee during the fourth quarter valued at approximately $37,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Westrock Coffee during the fourth quarter valued at approximately $47,000. HHM Wealth Advisors LLC raised its holdings in shares of Westrock Coffee by 130.9% during the first quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company's stock valued at $58,000 after acquiring an additional 4,580 shares during the period. State of Wyoming acquired a new stake in shares of Westrock Coffee during the first quarter valued at approximately $62,000. Finally, Trexquant Investment LP acquired a new stake in shares of Westrock Coffee during the first quarter valued at approximately $83,000. 45.08% of the stock is 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.