Westrock Coffee (NASDAQ:WEST) Trading Down 5.1% – What’s Next?

Westrock Coffee (NASDAQ:WEST)’s stock price was down 5.1% during trading on Wednesday . The stock traded as low as $6.45 and last traded at $6.42. Approximately 100,890 shares changed hands during trading, a decline of 59% from the average daily volume of 248,102 shares. The stock had previously closed at $6.76.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group dropped their price objective on Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, November 8th.

Westrock Coffee Price Performance

The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39. The company has a 50-day moving average of $6.72 and a 200-day moving average of $7.36. The stock has a market capitalization of $608.47 million, a price-to-earnings ratio of -7.51 and a beta of 0.57.

Insider Activity at Westrock Coffee

In other Westrock Coffee news, Director Kenneth M. Parent purchased 62,735 shares of Westrock Coffee stock in a transaction on Monday, December 2nd. The shares were bought at an average price of $8.07 per share, with a total value of $506,271.45. Following the purchase, the director now directly owns 112,451 shares in the company, valued at $907,479.57. This trade represents a 126.19 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Westrock Coffee

A number of hedge funds have recently added to or reduced their stakes in WEST. NFC Investments LLC lifted its holdings 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 during the period. Principal Street Partners LLC raised its stake 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 purchasing an additional 195,800 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Westrock Coffee in the 4th quarter valued at $840,000. Repertoire Partners LP purchased a new stake in shares of Westrock Coffee during the 3rd quarter valued at $650,000. Finally, Stephens Inc. AR increased its holdings in shares of Westrock Coffee by 54.8% during the 4th quarter. Stephens Inc. AR now owns 236,364 shares of the company’s stock worth $1,517,000 after buying an additional 83,647 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.