Westrock Coffee (NASDAQ:WEST) Trading Down 4% – Should You Sell?

Westrock Coffee (NASDAQ:WEST) was down 4% during mid-day trading on Tuesday . The stock 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.

Analysts Set New Price Targets

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

Westrock Coffee Stock Performance

The firm’s fifty day simple moving average is $6.75 and its 200 day simple moving average is $8.72. The company 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.

Insider Activity at Westrock Coffee

In other news, Director Joe T. Ford purchased 5,000 shares of Westrock Coffee stock in a transaction dated Thursday, September 12th. The stock was acquired at an average cost of $6.97 per share, for a total transaction of $34,850.00. Following the acquisition, the director now directly owns 249,445 shares in the company, valued at $1,738,631.65. This represents a 2.05 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have purchased 11,092 shares of company stock valued at $81,546. Corporate insiders own 42.10% of the company’s stock.

Institutional Trading of Westrock Coffee

Several large investors have recently added to or reduced their stakes in WEST. NFC Investments LLC increased its position in Westrock Coffee by 17.0% during the third quarter. NFC Investments LLC now owns 4,044,207 shares of the company’s stock worth $26,286,000 after buying an additional 588,160 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Westrock Coffee by 23.2% in the first quarter. Vanguard Group Inc. now owns 2,538,327 shares of the company’s stock worth $26,221,000 after purchasing an additional 478,088 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of Westrock Coffee during the 2nd quarter worth about $19,199,000. Geode Capital Management LLC boosted its position in shares of Westrock Coffee by 5.7% in the third quarter. Geode Capital Management LLC now owns 806,325 shares of the company’s stock valued at $5,242,000 after acquiring an additional 43,731 shares during the period. Finally, State Street Corp grew its position in Westrock Coffee by 2.0% in 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.

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.