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

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

Wall Street Analysts Forecast Growth

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

Westrock Coffee Stock Performance

The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73. The stock has a 50-day moving average of $6.38 and a 200 day moving average of $6.64. The stock has a market capitalization of $709.54 million, a price-to-earnings ratio of -8.76 and a beta of 0.49.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.22) earnings per share (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 business had revenue of $213.80 million during the quarter, compared to analyst estimates of $213.85 million. On average, analysts expect that Westrock Coffee will post -0.3 EPS for the current year.

Insider Activity

In related news, Director Joe T. Ford acquired 70,000 shares of the business’s stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $7.47 per share, with a total value of $522,900.00. Following the acquisition, the director now owns 346,445 shares in the company, valued at $2,587,944.15. This represents a 25.32% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William A. Ford bought 15,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $6.45 per share, with a total value of $96,750.00. Following the purchase, 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 disclosure for this purchase can be found here. In the last 90 days, insiders purchased 120,000 shares of company stock valued at $879,150. 42.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Westrock Coffee

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in Westrock Coffee in the 4th quarter valued at about $37,000. KLP Kapitalforvaltning AS bought a new position in Westrock Coffee in the 4th quarter valued at about $47,000. HHM Wealth Advisors LLC increased its holdings in Westrock Coffee by 130.9% in the 1st quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company’s stock valued at $58,000 after buying an additional 4,580 shares during the period. State of Wyoming bought a new position in Westrock Coffee in the 1st quarter valued at about $62,000. Finally, Virtu Financial LLC bought a new position in Westrock Coffee in the 4th quarter valued at about $83,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

About Westrock Coffee

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.