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

Westrock Coffee (NASDAQ:WEST) fell 4% during trading on Wednesday . The company traded as low as $6.03 and last traded at $6.03. 130,045 shares were traded during trading, a decline of 50% from the average session volume of 261,226 shares. The stock had previously closed at $6.28.

Wall Street Analysts Forecast Growth

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

Westrock Coffee Price Performance

The company has a market cap of $565.13 million, a PE ratio of -6.98 and a beta of 0.55. 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’s 50-day moving average is $6.96 and its 200 day moving average is $7.73.

Insider Transactions at Westrock Coffee

In other Westrock Coffee news, Director Kenneth M. Parent bought 62,735 shares of Westrock Coffee stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average cost of $8.07 per share, with a total value of $506,271.45. Following the transaction, the director now directly owns 112,451 shares of the company’s stock, valued at approximately $907,479.57. This represents a 126.19 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.10% of the company’s stock.

Institutional Investors Weigh In On Westrock Coffee

A number of large investors have recently modified their holdings of WEST. B. Riley Wealth Advisors Inc. boosted its stake in Westrock Coffee by 26.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 24,578 shares of the company’s stock worth $159,000 after purchasing an additional 5,200 shares in the last quarter. Arvest Bank Trust Division purchased a new position in shares of Westrock Coffee in the third quarter worth $115,000. Barclays PLC lifted its stake in shares of Westrock Coffee by 363.9% during the third quarter. Barclays PLC now owns 57,357 shares of the company’s stock worth $373,000 after buying an additional 44,993 shares during the period. Geode Capital Management LLC lifted its stake in shares of Westrock Coffee by 5.7% during the third quarter. Geode Capital Management LLC now owns 806,325 shares of the company’s stock worth $5,242,000 after buying an additional 43,731 shares during the period. Finally, State Street Corp grew its holdings in shares of Westrock Coffee by 2.0% during the third quarter. State Street Corp now owns 649,553 shares of the company’s stock valued at $4,222,000 after buying an additional 12,937 shares during the last quarter. Hedge funds and other institutional investors 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.