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

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

Wall Street Analysts Forecast Growth

WEST has been the subject of several analyst reports. Craig Hallum began coverage on shares of Westrock Coffee in a research report on Monday, September 23rd. They issued a “buy” rating and a $13.00 target price for the company. Telsey Advisory Group restated an “outperform” rating and set a $14.00 price objective on shares of Westrock Coffee in a research report on Friday, June 28th.

Westrock Coffee Stock Performance

The stock has a market cap of $546.69 million, a price-to-earnings ratio of -9.29 and a beta of 0.41. The company has a quick ratio of 0.67, a current ratio of 1.31 and a debt-to-equity ratio of 4.05. The company has a 50 day simple moving average of $8.42 and a 200 day simple moving average of $9.57.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings data 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). The company had revenue of $208.39 million for the quarter, compared to analyst estimates of $214.40 million. Westrock Coffee had a negative return on equity of 18.20% and a negative net margin of 5.37%. Westrock Coffee’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.21) earnings per share. As a group, equities research analysts forecast that Westrock Coffee will post -0.2 EPS for the current year.

Insider Transactions at Westrock Coffee

In related news, major shareholder Hf Direct Investments Pool, Ll sold 33,592 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $10.03, for a total transaction of $336,927.76. Following the sale, the insider now owns 12,974,408 shares of the company’s stock, valued at approximately $130,133,312.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Westrock Coffee news, Director Joe T. Ford purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $7.64 per share, with a total value of $38,200.00. Following the completion of the purchase, the director now owns 244,445 shares of the company’s stock, valued at $1,867,559.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Hf Direct Investments Pool, Ll sold 33,592 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $10.03, for a total transaction of $336,927.76. Following the completion of the sale, the insider now directly owns 12,974,408 shares in the company, valued at approximately $130,133,312.24. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 11,092 shares of company stock worth $81,546 and sold 184,451 shares worth $1,856,419. Company insiders own 42.10% of the company’s stock.

Institutional Inflows and Outflows

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

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.