Westrock Coffee (NASDAQ:WEST) Reaches New 52-Week Low at $6.72

Westrock Coffee (NASDAQ:WEST) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $6.72 and last traded at $6.73, with a volume of 400940 shares trading hands. The stock had previously closed at $7.26.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated an “outperform” rating and set a $14.00 target price on shares of Westrock Coffee in a report on Friday, June 28th.

Westrock Coffee Price Performance

The stock has a market cap of $592.96 million, a price-to-earnings ratio of -10.37 and a beta of 0.41. The stock has a fifty day simple moving average of $8.88 and a 200-day simple moving average of $9.71. The company has a current ratio of 1.31, a quick ratio of 0.67 and a debt-to-equity ratio of 4.05.

Westrock Coffee (NASDAQ:WEST) last announced its earnings results on Thursday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company 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 posted ($0.21) EPS. The company’s revenue was down 7.3% compared to the same quarter last year. As a group, equities research analysts expect that Westrock Coffee will post -0.2 EPS for the current year.

Insider Activity

In related news, CFO Thomas Christopher Pledger sold 6,600 shares of the business’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 transaction, the chief financial officer now directly owns 466,673 shares in the company, valued at $4,666,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Westrock Coffee news, CFO Thomas Christopher Pledger sold 6,600 shares of Westrock Coffee stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $10.00, for a total transaction of $66,000.00. Following the sale, the chief financial officer now owns 466,673 shares in the company, valued at $4,666,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joe T. Ford acquired 5,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was acquired at an average price of $6.97 per share, with a total value of $34,850.00. Following the purchase, the director now owns 249,445 shares in the company, valued at approximately $1,738,631.65. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 11,092 shares of company stock valued at $81,546 and sold 184,451 shares valued at $1,856,419. 42.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Westrock Coffee

A number of institutional investors have recently added to or reduced their stakes in WEST. EverSource Wealth Advisors LLC boosted its position in Westrock Coffee by 69.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,520 shares of the company’s stock valued at $35,000 after buying an additional 1,444 shares in the last quarter. ProShare Advisors LLC bought a new stake in Westrock Coffee during the 2nd quarter worth about $39,000. Hexagon Capital Partners LLC acquired a new position in Westrock Coffee during the 1st quarter valued at about $41,000. Wolverine Asset Management LLC grew its position in shares of Westrock Coffee by 79.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,100 shares of the company’s stock worth $42,000 after buying an additional 1,820 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Westrock Coffee during the 1st quarter valued at $117,000. 45.08% of the stock is owned by institutional investors and hedge funds.

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.