Westrock Coffee (NASDAQ:WEST) Shares Down 2.8% – Time to Sell?

Westrock Coffee (NASDAQ:WEST) shares fell 2.8% during trading on Friday . The stock traded as low as $6.20 and last traded at $6.22. 387,074 shares changed hands during mid-day trading, an increase of 53% from the average session volume of 253,246 shares. The stock had previously closed at $6.40.

Wall Street Analyst Weigh In

WEST has been the subject of a number of recent analyst reports. Telsey Advisory Group decreased their price target on shares of Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Craig Hallum began coverage on Westrock Coffee in a report on Monday, September 23rd. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Truist Financial began coverage on Westrock Coffee in a report on Monday, October 7th. They set a “buy” rating and a $10.00 price target for the company.

Westrock Coffee Trading Down 1.9 %

The business has a 50-day moving average of $7.11 and a two-hundred day moving average of $8.19. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 3.41. The firm has a market capitalization of $591.50 million, a price-to-earnings ratio of -7.30 and a beta of 0.49.

Insider Transactions at Westrock Coffee

In other Westrock Coffee news, Director Kenneth M. Parent acquired 62,735 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of $8.07 per share, for a total transaction of $506,271.45. Following the purchase, the director now owns 112,451 shares in the company, valued at $907,479.57. This represents a 126.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 42.10% of the stock is owned by insiders.

Institutional Trading of Westrock Coffee

Several institutional investors have recently made changes to their positions in WEST. Brown Brothers Harriman & Co. acquired a new position in Westrock Coffee in the second quarter worth about $19,199,000. NFC Investments LLC raised its holdings in shares of Westrock Coffee by 17.0% in the 3rd quarter. NFC Investments LLC now owns 4,044,207 shares of the company’s stock worth $26,286,000 after buying an additional 588,160 shares in the last quarter. Principal Street Partners LLC raised its holdings in shares of Westrock Coffee by 100.0% in the 3rd quarter. Principal Street Partners LLC now owns 391,680 shares of the company’s stock worth $2,546,000 after buying an additional 195,800 shares in the last quarter. Repertoire Partners LP bought a new position in shares of Westrock Coffee during the 3rd quarter worth approximately $650,000. Finally, Quest Partners LLC boosted its stake in Westrock Coffee by 32,869.0% in the 3rd quarter. Quest Partners LLC now owns 60,663 shares of the company’s stock valued at $394,000 after buying an additional 60,479 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.