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

Key Points

• Westrock Coffee's shares hit a new 12-month low, trading as low as $5.03 before closing at $5.06, amid overall trading volume of 748,826 shares.
• Despite the dip, several analysts maintain a positive outlook, with a consensus rating of "Buy" and a price target of approximately $10.60.
• The company recently reported earnings surpassing expectations, with a revenue of $280.86 million, compared to analyst estimates of $238.34 million.

Westrock Coffee Company (NASDAQ:WEST - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.03 and last traded at $5.06, with a volume of 748826 shares trading hands. The stock had previously closed at $5.34.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Wall Street Zen upgraded Westrock Coffee from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $10.00 target price on shares of Westrock Coffee in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $10.60.

Westrock Coffee Stock Performance

The firm has a 50 day moving average of $6.13 and a 200-day moving average of $6.35. 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 stock has a market capitalization of $472.60 million, a PE ratio of -5.32 and a beta of 0.51.

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, beating 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 firm had revenue of $280.86 million for the quarter, compared to the consensus estimate of $238.34 million. Research analysts forecast that Westrock Coffee Company will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other Westrock Coffee news, Director Joe T. Ford purchased 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were acquired at an average cost of $5.30 per share, for a total transaction of $26,500.00. Following the transaction, the director directly owned 413,916 shares in the company, valued at approximately $2,193,754.80. The trade was a 1.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 27.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Westrock Coffee

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in Westrock Coffee during the fourth quarter valued at approximately $37,000. EverSource Wealth Advisors LLC raised its holdings in shares of Westrock Coffee by 199.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company's stock worth $36,000 after purchasing an additional 4,136 shares during the period. HHM Wealth Advisors LLC increased its holdings in shares of Westrock Coffee by 130.9% in the first quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company's stock worth $58,000 after purchasing an additional 4,580 shares during the period. State of Wyoming bought a new position in shares of Westrock Coffee in the first quarter worth $62,000. Finally, Magnetar Financial LLC bought a new position in Westrock Coffee in the second quarter valued at $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.