Westrock Coffee (NASDAQ:WEST - Get Free Report) was down 11.3% during mid-day trading on Monday . The company traded as low as $6.44 and last traded at $6.41. Approximately 282,264 shares traded hands during trading, an increase of 8% from the average daily volume of 260,767 shares. The stock had previously closed at $7.22.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on WEST shares. Telsey Advisory Group restated an "outperform" rating and set a $9.00 target price on shares of Westrock Coffee in a research report on Wednesday. Benchmark restated a "buy" rating and set a $10.00 target price on shares of Westrock Coffee in a research report on Friday.
Check Out Our Latest Stock Analysis on WEST
Westrock Coffee Stock Performance
The company has a market cap of $642.08 million, a price-to-earnings ratio of -7.92 and a beta of 0.59. The stock's fifty day simple moving average is $6.45 and its two-hundred day simple moving average is $6.84. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39.
Hedge Funds Weigh In On Westrock Coffee
Hedge funds have recently made changes to their positions in the stock. NFC Investments LLC raised its stake 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 valued at $26,286,000 after acquiring an additional 588,160 shares during the period. Millennium Management LLC raised its stake in shares of Westrock Coffee by 198.9% in the 4th quarter. Millennium Management LLC now owns 589,450 shares of the company's stock valued at $3,784,000 after acquiring an additional 392,214 shares during the period. Vanguard Group Inc. raised its stake in shares of Westrock Coffee by 7.7% in the 4th quarter. Vanguard Group Inc. now owns 2,812,993 shares of the company's stock valued at $18,059,000 after acquiring an additional 199,939 shares during the period. Principal Street Partners LLC raised its stake 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 valued at $2,546,000 after acquiring an additional 195,800 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Westrock Coffee in the 4th quarter valued at $840,000. Institutional investors and hedge funds own 45.08% of the company's stock.
Westrock Coffee Company Profile
(
Get Free Report)
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.
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