Shares of Westrock Coffee (NASDAQ:WEST – Get Free Report) traded down 11.3% during mid-day trading on Monday . The company traded as low as $6.44 and last traded at $6.41. 282,264 shares traded hands during trading, an increase of 8% from the average session volume of 260,767 shares. The stock had previously closed at $7.22.
Analysts Set New Price Targets
Separately, Telsey Advisory Group restated an “outperform” rating and set a $9.00 target price on shares of Westrock Coffee in a research note on Wednesday.
Check Out Our Latest Research Report on Westrock Coffee
Westrock Coffee Price Performance
Hedge Funds Weigh In On Westrock Coffee
Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new stake in shares of Westrock Coffee in the 4th quarter valued at $37,000. KLP Kapitalforvaltning AS acquired a new position in Westrock Coffee in the fourth quarter valued at approximately $47,000. Atom Investors LP purchased a new stake in Westrock Coffee during the third quarter worth $70,000. Intech Investment Management LLC acquired a new stake in Westrock Coffee during the third quarter valued at $71,000. Finally, Virtu Financial LLC acquired a new position in shares of Westrock Coffee in the fourth quarter worth 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.
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