Westrock Coffee (NASDAQ:WEST) Reaches New 1-Year Low at $6.28

Westrock Coffee (NASDAQ:WEST) reached a new 52-week low during trading on Tuesday . The company traded as low as $6.28 and last traded at $6.32, with a volume of 26511 shares traded. The stock had previously closed at $6.50.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WEST. Telsey Advisory Group restated an “outperform” rating and set a $14.00 price target on shares of Westrock Coffee in a report on Friday, June 28th. Craig Hallum began coverage on shares of Westrock Coffee in a research report on Monday, September 23rd. They set a “buy” rating and a $13.00 price objective for the company.

Westrock Coffee Stock Performance

The company has a market capitalization of $549.66 million, a price-to-earnings ratio of -8.89 and a beta of 0.41. The company has a 50 day moving average price of $8.27 and a 200 day moving average price of $9.52. The company has a debt-to-equity ratio of 4.05, a quick ratio of 0.67 and a current ratio of 1.31.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.16). Westrock Coffee had a negative return on equity of 18.20% and a negative net margin of 5.37%. The firm had revenue of $208.39 million for the quarter, compared to the consensus estimate of $214.40 million. During the same period last year, the firm earned ($0.21) EPS. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. Equities research analysts predict that Westrock Coffee will post -0.2 earnings per share for the current fiscal year.

Insider Transactions at Westrock Coffee

In other news, major shareholder Hf Direct Investments Pool, Ll sold 38,393 shares of Westrock Coffee stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $10.11, for a total value of $388,153.23. Following the completion of the transaction, the insider now owns 12,745,237 shares in the company, valued at approximately $128,854,346.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Westrock Coffee news, major shareholder Hf Direct Investments Pool, Ll sold 38,393 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $10.11, for a total transaction of $388,153.23. Following the transaction, the insider now owns 12,745,237 shares in the company, valued at approximately $128,854,346.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas Christopher Pledger sold 6,600 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $10.00, for a total transaction of $66,000.00. Following the completion of the transaction, the chief financial officer now owns 466,673 shares of the company’s stock, valued at approximately $4,666,730. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 11,092 shares of company stock valued at $81,546 and have sold 184,451 shares valued at $1,856,419. Insiders own 42.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WEST. Vanguard Group Inc. lifted its position in shares of Westrock Coffee by 23.2% during the 1st quarter. Vanguard Group Inc. now owns 2,538,327 shares of the company’s stock valued at $26,221,000 after acquiring an additional 478,088 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in Westrock Coffee during the second quarter worth approximately $19,199,000. Raymond James & Associates increased its holdings in Westrock Coffee by 2.1% in the 2nd quarter. Raymond James & Associates now owns 269,174 shares of the company’s stock valued at $2,754,000 after purchasing an additional 5,520 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Westrock Coffee by 5.3% during the first quarter. Gamco Investors INC. ET AL now owns 256,650 shares of the company’s stock valued at $2,651,000 after purchasing an additional 13,000 shares during the period. Finally, Stephens Inc. AR lifted its holdings in Westrock Coffee by 197.7% in the 4th quarter. Stephens Inc. AR now owns 138,532 shares of the company’s stock worth $1,414,000 after buying an additional 92,000 shares in the last quarter. 45.08% of the stock is currently 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.