Westrock Coffee (NASDAQ:WEST) Trading Down 4% – Time to Sell?

Westrock Coffee (NASDAQ:WEST)’s stock price dropped 4% during trading on Tuesday . The company traded as low as $6.42 and last traded at $6.45. Approximately 48,697 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 244,412 shares. The stock had previously closed at $6.72.

Analyst Upgrades and Downgrades

WEST has been the topic of a number of research analyst reports. Craig Hallum started coverage on Westrock Coffee in a research report on Monday, September 23rd. They set a “buy” rating and a $13.00 price target on the stock. Telsey Advisory Group reduced their target price on shares of Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Truist Financial began coverage on shares of Westrock Coffee in a research note on Monday, October 7th. They set a “buy” rating and a $10.00 price target for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Westrock Coffee currently has an average rating of “Buy” and a consensus target price of $11.40.

Westrock Coffee Trading Down 1.2 %

The stock has a market capitalization of $625.42 million, a price-to-earnings ratio of -7.81 and a beta of 0.38. 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 business has a 50 day simple moving average of $6.75 and a 200-day simple moving average of $8.72.

Insider Buying and Selling

In other news, Director Joe T. Ford bought 5,000 shares of the stock in a transaction on Thursday, September 12th. The stock was purchased at an average price of $6.97 per share, for a total transaction of $34,850.00. Following the acquisition, the director now owns 249,445 shares in the company, valued at approximately $1,738,631.65. This trade represents a 2.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders acquired 11,092 shares of company stock valued at $81,546. 42.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. NFC Investments LLC grew its stake in shares of Westrock Coffee by 17.0% during the 3rd quarter. NFC Investments LLC now owns 4,044,207 shares of the company’s stock worth $26,286,000 after acquiring an additional 588,160 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Westrock Coffee by 23.2% in the 1st quarter. Vanguard Group Inc. now owns 2,538,327 shares of the company’s stock valued at $26,221,000 after acquiring an additional 478,088 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Westrock Coffee in the second quarter valued at about $19,199,000. Geode Capital Management LLC boosted its position in Westrock Coffee by 5.7% during the third quarter. Geode Capital Management LLC now owns 806,325 shares of the company’s stock valued at $5,242,000 after purchasing an additional 43,731 shares during the last quarter. Finally, State Street Corp increased its position in shares of Westrock Coffee by 2.0% during the 3rd quarter. State Street Corp now owns 649,553 shares of the company’s stock worth $4,222,000 after purchasing an additional 12,937 shares during the last quarter. 45.08% of the stock is owned by institutional investors and hedge funds.

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.