Westrock Coffee (NASDAQ:WEST) Stock Price Down 5.7% – Should You Sell?

Westrock Coffee Company (NASDAQ:WEST)’s share price dropped 5.7% on Thursday . The company traded as low as $7.38 and last traded at $7.4480. Approximately 262,833 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 483,459 shares. The stock had previously closed at $7.90.

Analysts Set New Price Targets

Several brokerages have commented on WEST. Telsey Advisory Group upped their price target on Westrock Coffee from $7.00 to $9.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Stifel Nicolaus set a $8.00 target price on shares of Westrock Coffee in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Zacks Research raised shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.00.

Westrock Coffee Price Performance

The company has a debt-to-equity ratio of 37.87, a current ratio of 0.97 and a quick ratio of 0.46. The company’s 50-day simple moving average is $6.25 and its 200-day simple moving average is $5.04. The company has a market cap of $728.05 million, a price-to-earnings ratio of -10.01 and a beta of 0.90.

Westrock Coffee (NASDAQ:WEST) last posted its earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. The business had revenue of $308.83 million for the quarter, compared to analysts’ expectations of $285.13 million. Westrock Coffee had a negative net margin of 5.59% and a negative return on equity of 2,145.68%. On average, equities research analysts anticipate that Westrock Coffee Company will post -0.18 EPS for the current year.

Insider Activity

In other Westrock Coffee news, Director Joe T. Ford purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $8.50 per share, for a total transaction of $127,500.00. Following the completion of the purchase, the director owned 273,000 shares in the company, valued at $2,320,500. The trade was a 5.81% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 134,500 shares of company stock worth $720,115 over the last 90 days. 25.40% of the stock is currently owned by insiders.

Institutional Trading of Westrock Coffee

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Group One Trading LLC bought a new position in Westrock Coffee during the 1st quarter valued at $26,000. EverSource Wealth Advisors LLC raised its stake 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 valued at $36,000 after purchasing an additional 4,136 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Westrock Coffee by 79.2% in the third quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock worth $38,000 after purchasing an additional 3,439 shares in the last quarter. Waterloo Capital L.P. bought a new stake in Westrock Coffee in the fourth quarter valued at about $43,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Westrock Coffee in the fourth quarter valued at about $47,000. Institutional investors own 45.08% of the company’s stock.

About Westrock Coffee

Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.

Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.