Westrock Coffee (NASDAQ:WEST) Shares Down 4% - Should You Sell?

Westrock Coffee (NASDAQ:WEST - Get Free Report)'s stock price fell 4% during trading on Wednesday . The stock traded as low as $6.03 and last traded at $6.03. 130,045 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 261,226 shares. The stock had previously closed at $6.28.

Analysts Set New Price Targets

Several research firms recently weighed in on WEST. Craig Hallum started coverage on Westrock Coffee in a research report on Monday, September 23rd. They set a "buy" rating and a $13.00 target price on the stock. Truist Financial began coverage on Westrock Coffee in a research report on Monday, October 7th. They set a "buy" rating and a $10.00 price objective on the stock. Finally, Telsey Advisory Group reduced their target price 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.

Westrock Coffee Stock Down 4.5 %

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 company's 50 day moving average is $6.96 and its two-hundred day moving average is $7.73. The company has a market capitalization of $565.13 million, a PE ratio of -6.98 and a beta of 0.55.

Insider Activity

In other Westrock Coffee news, Director Kenneth M. Parent bought 62,735 shares of Westrock Coffee stock in a transaction on Monday, December 2nd. The shares were acquired at an average price of $8.07 per share, for a total transaction of $506,271.45. Following the completion of the purchase, the director now directly owns 112,451 shares in the company, valued at approximately $907,479.57. This trade represents a 126.19 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 42.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WEST. Gilliland Jeter Wealth Management LLC grew its stake in Westrock Coffee by 81.9% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 4,547 shares of the company's stock worth $30,000 after acquiring an additional 2,047 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Westrock Coffee by 69.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,520 shares of the company's stock worth $35,000 after purchasing an additional 1,444 shares in the last quarter. ProShare Advisors LLC purchased a new position in Westrock Coffee during the 2nd quarter worth $39,000. Atom Investors LP purchased a new position in Westrock Coffee during the 3rd quarter worth $70,000. Finally, Intech Investment Management LLC bought a new stake in Westrock Coffee during the 3rd quarter valued at $71,000. 45.08% of the stock is currently owned by institutional investors.

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.

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