Westrock Coffee (NASDAQ:WEST) Trading Down 6.3% – Should You Sell?

Westrock Coffee (NASDAQ:WEST)’s share price dropped 6.3% during mid-day trading on Monday . The company traded as low as $7.39 and last traded at $7.35. Approximately 75,304 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 297,154 shares. The stock had previously closed at $7.84.

Analyst Ratings Changes

WEST has been the topic of several recent research reports. Stifel Nicolaus cut their target price on shares of Westrock Coffee from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Benchmark reiterated a “buy” rating and set a $10.00 target price on shares of Westrock Coffee in a research report on Wednesday, April 16th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $9.00 target price on shares of Westrock Coffee in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Westrock Coffee currently has a consensus rating of “Buy” and an average price target of $10.40.

Westrock Coffee Price Performance

The company has a fifty day moving average of $6.38 and a 200 day moving average of $6.64. The firm has a market capitalization of $709.54 million, a P/E ratio of -8.76 and a beta of 0.49. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73.

Westrock Coffee (NASDAQ:WEST) last announced its earnings results on Thursday, May 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.05). Westrock Coffee had a negative net margin of 9.05% and a negative return on equity of 20.72%. The company had revenue of $213.80 million during the quarter, compared to the consensus estimate of $213.85 million. Sell-side analysts predict that Westrock Coffee will post -0.3 earnings per share for the current year.

Insider Transactions at Westrock Coffee

In other Westrock Coffee news, COO William A. Ford purchased 15,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was purchased at an average price of $6.45 per share, for a total transaction of $96,750.00. Following the transaction, the chief operating officer now owns 476,190 shares in the company, valued at $3,071,425.50. The trade was a 3.25% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joe T. Ford purchased 25,000 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were acquired at an average price of $7.44 per share, with a total value of $186,000.00. Following the transaction, the director now owns 371,445 shares in the company, valued at approximately $2,763,550.80. The trade was a 7.22% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 120,000 shares of company stock worth $879,150 in the last quarter. 42.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Westrock Coffee

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Westrock Coffee by 4.9% in the first quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company’s stock valued at $21,304,000 after purchasing an additional 137,646 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Westrock Coffee by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 841,226 shares of the company’s stock valued at $5,402,000 after buying an additional 34,901 shares during the period. Millennium Management LLC increased its stake in shares of Westrock Coffee by 198.9% during the fourth quarter. Millennium Management LLC now owns 589,450 shares of the company’s stock valued at $3,784,000 after buying an additional 392,214 shares during the period. Northern Trust Corp boosted its position in shares of Westrock Coffee by 2.3% during the fourth quarter. Northern Trust Corp now owns 300,712 shares of the company’s stock valued at $1,931,000 after purchasing an additional 6,762 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Westrock Coffee by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 290,306 shares of the company’s stock valued at $2,096,000 after purchasing an additional 5,653 shares in the last quarter. 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.