Westrock Coffee (NASDAQ:WEST) Sets New 12-Month Low - Time to Sell?

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 hit 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 traded. The stock had previously closed at $5.34.

Analyst Ratings Changes

Several research firms have commented on WEST. Telsey Advisory Group restated an "outperform" rating and issued a $10.00 price target on shares of Westrock Coffee in a research note on Tuesday, August 5th. Wall Street Zen upgraded Westrock Coffee from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Westrock Coffee presently has an average rating of "Buy" and a consensus price target of $10.60.

Westrock Coffee Trading Down 0.6%

The company has a current ratio of 1.04, a quick ratio of 0.50 and a debt-to-equity ratio of 23.42. The firm has a market cap of $478.29 million, a PE ratio of -5.37 and a beta of 0.51. The business has a fifty day moving average price of $6.11 and a 200 day moving average price of $6.34.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its quarterly 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. 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 during the quarter, compared to the consensus estimate of $238.34 million. Analysts forecast that Westrock Coffee Company will post -0.3 EPS for the current year.

Insider Buying and Selling

In related news, Director Joe T. Ford purchased 5,000 shares of Westrock Coffee stock in a transaction that occurred on Tuesday, September 2nd. The stock was purchased at an average cost of $5.30 per share, with a total value of $26,500.00. Following the completion of 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.70% of the stock is owned by corporate insiders.

Institutional Trading of Westrock Coffee

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Westrock Coffee by 4.9% during the first quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company's stock worth $21,304,000 after buying an additional 137,646 shares during the period. Millennium Management LLC increased its holdings in shares of Westrock Coffee by 198.9% in the 4th quarter. Millennium Management LLC now owns 589,450 shares of the company's stock valued at $3,784,000 after acquiring an additional 392,214 shares during the period. Northern Trust Corp boosted its stake in Westrock Coffee by 2.3% during the 4th quarter. Northern Trust Corp now owns 300,712 shares of the company's stock worth $1,931,000 after purchasing an additional 6,762 shares during the period. Charles Schwab Investment Management Inc. grew its position in Westrock Coffee by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 290,306 shares of the company's stock worth $2,096,000 after purchasing an additional 5,653 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Westrock Coffee by 8.0% in the second quarter. DAVENPORT & Co LLC now owns 263,925 shares of the company's stock valued at $1,512,000 after purchasing an additional 19,455 shares during the period. 45.08% of the stock is 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.