Westrock Coffee Company (NASDAQ:WEST) Stock Position Cut by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC lowered its stake in Westrock Coffee Company (NASDAQ:WEST) by 0.1% during the 1st quarter, HoldingsChannel reports. The firm owned 4,726,102 shares of the company’s stock after selling 3,730 shares during the period. Westrock Coffee comprises 11.7% of Silverleafe Capital Partners LLC’s holdings, making the stock its largest position. Silverleafe Capital Partners LLC owned approximately 0.05% of Westrock Coffee worth $34,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Westrock Coffee in the fourth quarter worth approximately $840,000. Millennium Management LLC boosted its holdings in Westrock Coffee by 198.9% in the fourth quarter. Millennium Management LLC now owns 589,450 shares of the company’s stock worth $3,784,000 after purchasing an additional 392,214 shares during the last quarter. Cresset Asset Management LLC purchased a new stake in Westrock Coffee in the fourth quarter worth approximately $353,000. Mariner LLC boosted its holdings in Westrock Coffee by 109.7% in the fourth quarter. Mariner LLC now owns 127,620 shares of the company’s stock worth $819,000 after purchasing an additional 66,751 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Westrock Coffee by 7.7% during the 4th quarter. Vanguard Group Inc. now owns 2,812,993 shares of the company’s stock worth $18,059,000 after acquiring an additional 199,939 shares during the last quarter. Hedge funds and other institutional investors own 45.08% of the company’s stock.

Westrock Coffee Stock Down 4.5%

WEST opened at $6.31 on Thursday. 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 Company has a fifty-two week low of $5.28 and a fifty-two week high of $10.43. The firm’s fifty day moving average is $6.53 and its 200 day moving average is $6.58. The stock has a market cap of $597.18 million, a price-to-earnings ratio of -6.93 and a beta of 0.59.

Westrock Coffee (NASDAQ:WEST) last released its earnings results 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). Westrock Coffee had a negative net margin of 9.61% and a negative return on equity of 41.92%. The firm had revenue of $213.80 million for the quarter, compared to analysts’ expectations of $213.85 million. On average, sell-side analysts forecast that Westrock Coffee Company will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on WEST. Benchmark reiterated a “buy” rating and set a $10.00 price target on shares of Westrock Coffee in a research note on Wednesday, April 16th. Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Stifel Nicolaus dropped 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. Finally, 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Westrock Coffee presently has an average rating of “Moderate Buy” and a consensus target price of $10.40.

Insider Activity at Westrock Coffee

In related news, Director Joe T. Ford purchased 70,000 shares of Westrock Coffee stock in a transaction on Wednesday, May 14th. The shares were bought at an average cost of $7.47 per share, for a total transaction of $522,900.00. Following the acquisition, the director now 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have bought 105,000 shares of company stock worth $782,400. 42.10% of the stock is owned by corporate insiders.

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.