Westrock Coffee (NASDAQ:WEST) Trading Down 3.9% - Should You Sell?

Westrock Coffee Company (NASDAQ:WEST - Get Free Report)'s share price was down 3.9% during mid-day trading on Wednesday . The company traded as low as $6.37 and last traded at $6.36. Approximately 104,444 shares were traded during trading, a decline of 66% from the average daily volume of 305,120 shares. The stock had previously closed at $6.61.

Wall Street Analyst Weigh In

Several research firms have commented on WEST. Benchmark reissued a "buy" rating and issued a $10.00 target price on shares of Westrock Coffee in a report on Wednesday, April 16th. Stifel Nicolaus cut their target price on Westrock Coffee from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wall Street Zen upgraded Westrock Coffee from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $9.00 target price on shares of Westrock Coffee in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Westrock Coffee has an average rating of "Moderate Buy" and a consensus price target of $10.40.

Westrock Coffee Price Performance

The business has a 50-day moving average price of $6.53 and a two-hundred day moving average price of $6.58. The company has a quick ratio of 0.57, a current ratio of 1.18 and a debt-to-equity ratio of 5.69. The company has a market capitalization of $597.18 million, a price-to-earnings ratio of -6.93 and a beta of 0.59.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.05). The business had revenue of $213.80 million during the quarter, compared to the consensus estimate of $213.85 million. Westrock Coffee had a negative net margin of 9.61% and a negative return on equity of 41.92%. As a group, research analysts anticipate that Westrock Coffee Company will post -0.3 EPS for the current year.

Insiders Place Their Bets

In other Westrock Coffee news, Director Joe T. Ford bought 70,000 shares of Westrock Coffee stock in a transaction dated Wednesday, May 14th. The stock was bought at an average cost of $7.47 per share, with a total value of $522,900.00. Following the completion of the acquisition, the director now directly owns 346,445 shares in the company, valued at approximately $2,587,944.15. The trade was a 25.32% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought 105,000 shares of company stock valued at $782,400 in the last three months. 42.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WEST. BNP Paribas Financial Markets purchased a new position in shares of Westrock Coffee in the 4th quarter worth about $37,000. KLP Kapitalforvaltning AS purchased a new position in Westrock Coffee in the fourth quarter valued at about $47,000. HHM Wealth Advisors LLC grew its position in shares of Westrock Coffee by 130.9% during the 1st 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 bought a new position in shares of Westrock Coffee during the 1st quarter valued at approximately $62,000. Finally, Trexquant Investment LP purchased a new stake in shares of Westrock Coffee during the 1st quarter worth approximately $83,000. Institutional investors own 45.08% of the company's stock.

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.

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