Westrock Coffee (NASDAQ:WEST) Shares Down 4.4% - What's Next?

Shares of Westrock Coffee Company (NASDAQ:WEST - Get Free Report) dropped 4.4% on Monday . The stock traded as low as $5.68 and last traded at $5.69. Approximately 122,954 shares were traded during trading, a decline of 60% from the average daily volume of 307,474 shares. The stock had previously closed at $5.95.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Stifel Nicolaus cut their price target on shares of Westrock Coffee from $12.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen lowered Westrock Coffee from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Telsey Advisory Group reiterated an "outperform" rating and set 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 set a $10.00 target price on shares of Westrock Coffee in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $10.40.

Westrock Coffee Price Performance

The firm has a market cap of $606.64 million, a PE ratio of -7.04 and a beta of 0.51. The stock has a 50 day simple moving average of $6.57 and a two-hundred day simple moving average of $6.48. The company has a debt-to-equity ratio of 5.69, a quick ratio of 0.57 and a current ratio of 1.18.

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

Insiders Place Their Bets

In other Westrock Coffee news, Director Joe T. Ford acquired 70,000 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were 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 owned 346,445 shares in the company, valued at approximately $2,587,944.15. This trade represents a 25.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders bought 105,000 shares of company stock valued at $782,400. Corporate insiders own 42.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WEST. Rhumbline Advisers increased its position in Westrock Coffee by 3.4% during the first quarter. Rhumbline Advisers now owns 45,787 shares of the company's stock worth $331,000 after purchasing an additional 1,510 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Westrock Coffee by 10.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company's stock worth $154,000 after buying an additional 2,003 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Westrock Coffee by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company's stock valued at $1,827,000 after buying an additional 2,010 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Westrock Coffee by 23.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,418 shares of the company's stock valued at $87,000 after acquiring an additional 2,588 shares during the last quarter. Finally, Swiss National Bank grew its position in Westrock Coffee by 4.4% in the first quarter. Swiss National Bank now owns 73,000 shares of the company's stock worth $527,000 after acquiring an additional 3,100 shares during the period. 45.08% of the stock is owned by hedge funds and other institutional investors.

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.