Westrock Coffee (NASDAQ:WEST) Trading Down 5.3% – Time to Sell?

Westrock Coffee (NASDAQ:WEST) shares fell 5.3% on Monday . The stock traded as low as $6.24 and last traded at $6.24. 152,779 shares were traded during trading, a decline of 32% from the average session volume of 225,226 shares. The stock had previously closed at $6.59.

Wall Street Analyst Weigh In

WEST has been the topic of several recent analyst reports. Telsey Advisory Group dropped their target price on shares of Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Truist Financial started coverage on Westrock Coffee in a research note on Monday, October 7th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, Craig Hallum began coverage on Westrock Coffee in a research note on Monday, September 23rd. They set a “buy” rating and a $13.00 target price for the company.

Westrock Coffee Stock Up 0.2 %

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 firm’s fifty day moving average price is $7.02 and its two-hundred day moving average price is $7.87. The stock has a market cap of $589.62 million, a price-to-earnings ratio of -7.28 and a beta of 0.55.

Insiders Place Their Bets

In other Westrock Coffee news, Director Kenneth M. Parent acquired 62,735 shares of Westrock Coffee stock in a transaction dated Monday, December 2nd. The stock was purchased at an average cost of $8.07 per share, for a total transaction of $506,271.45. Following the completion of the acquisition, the director now directly owns 112,451 shares of the company’s stock, valued at $907,479.57. This represents a 126.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 42.10% of the company’s stock.

Institutional Investors Weigh In On Westrock Coffee

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brown Brothers Harriman & Co. bought a new stake in Westrock Coffee during the 2nd quarter worth approximately $19,199,000. NFC Investments LLC boosted its position in shares of Westrock Coffee by 17.0% during the third quarter. NFC Investments LLC now owns 4,044,207 shares of the company’s stock valued at $26,286,000 after buying an additional 588,160 shares during the last quarter. Principal Street Partners LLC grew its holdings in Westrock Coffee by 100.0% during the third quarter. Principal Street Partners LLC now owns 391,680 shares of the company’s stock worth $2,546,000 after buying an additional 195,800 shares in the last quarter. Repertoire Partners LP purchased a new stake in Westrock Coffee in the 3rd quarter valued at $650,000. Finally, Quest Partners LLC lifted its stake in Westrock Coffee by 32,869.0% during the 3rd quarter. Quest Partners LLC now owns 60,663 shares of the company’s stock valued at $394,000 after acquiring an additional 60,479 shares in the last quarter. Institutional investors and hedge funds 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.