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

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

Analyst Ratings Changes

Separately, Telsey Advisory Group cut their target price 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 Trading Down 5.0 %

The stock has a market capitalization of $604.70 million, a PE ratio of -7.47 and a beta of 0.57. The business’s 50-day moving average is $6.79 and its two-hundred day moving average is $7.38. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41.

Insider Activity at Westrock Coffee

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

Institutional Investors Weigh In On Westrock Coffee

Institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new stake in shares of Westrock Coffee in the 4th quarter valued at $96,000. Savant Capital LLC acquired a new position in shares of Westrock Coffee in the 4th quarter worth approximately $132,000. Stephens Inc. AR raised its stake in Westrock Coffee by 54.8% during the fourth quarter. Stephens Inc. AR now owns 236,364 shares of the company’s stock worth $1,517,000 after acquiring an additional 83,647 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in Westrock Coffee by 15.7% during the 4th quarter. DAVENPORT & Co LLC now owns 238,675 shares of the company’s stock valued at $1,532,000 after purchasing an additional 32,325 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Westrock Coffee by 62.7% during the 4th quarter. Blue Trust Inc. now owns 18,107 shares of the company’s stock worth $118,000 after buying an additional 6,981 shares in the last quarter. 45.08% of the stock is currently 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.