Westrock Coffee (NASDAQ:WEST) Sees Large Volume Increase - What's Next?

Key Points

• Westrock Coffee saw a significant increase in trading volume, with 747,939 shares traded, marking a 155% rise from the previous day's volume.
• Analysts have mixed ratings on Westrock Coffee, with one downgrade to "sell" and an average target price of $10.60, while five analysts maintain a "buy" rating.
• In the latest earnings report, Westrock Coffee beat expectations by reporting a $0.12 loss per share against an expected loss of $0.14 and achieved revenue of $280.86 million.

Westrock Coffee Company (NASDAQ:WEST - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 747,939 shares traded hands during trading, an increase of 155% from the previous session's volume of 293,055 shares.The stock last traded at $6.87 and had previously closed at $6.99.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus cut their target price on shares of Westrock Coffee from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Telsey Advisory Group reissued an "outperform" rating and set a $10.00 price objective on shares of Westrock Coffee in a research report on Tuesday, August 5th. Finally, Wall Street Zen downgraded Westrock Coffee from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, Westrock Coffee currently has an average rating of "Moderate Buy" and a consensus target price of $10.60.

Westrock Coffee Price Performance

The stock has a 50 day moving average of $6.48 and a two-hundred day moving average of $6.51. The company has a debt-to-equity ratio of 23.42, a quick ratio of 0.57 and a current ratio of 1.04. The firm has a market capitalization of $604.76 million, a P/E ratio of -6.80 and a beta of 0.53.

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

Institutional Trading of Westrock Coffee

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new stake in Westrock Coffee during the fourth quarter worth about $37,000. EverSource Wealth Advisors LLC increased its holdings in Westrock Coffee by 199.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company's stock valued at $36,000 after buying an additional 4,136 shares during the period. HHM Wealth Advisors LLC raised 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 in the last quarter. State of Wyoming bought a new position in shares of Westrock Coffee during the 1st quarter worth about $62,000. Finally, Magnetar Financial LLC bought a new position in shares of Westrock Coffee during the 2nd quarter worth about $65,000. 45.08% of the stock is currently 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.