Westrock Coffee (NASDAQ:WEST) Stock Price Down 5% - What's Next?

Westrock Coffee (NASDAQ:WEST - Get Free Report) shares traded down 5% during trading on Friday . The company traded as low as $7.06 and last traded at $7.08. 92,985 shares traded hands during trading, a decline of 63% from the average session volume of 249,435 shares. The stock had previously closed at $7.45.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Telsey Advisory Group decreased their target price on Westrock Coffee from $14.00 to $10.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Truist Financial assumed coverage on Westrock Coffee in a research report on Monday, October 7th. They set a "buy" rating and a $10.00 target price on the stock. Finally, Craig Hallum began 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. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Westrock Coffee presently has a consensus rating of "Buy" and an average price target of $11.40.

Westrock Coffee Stock Performance

The company has a market capitalization of $651.79 million, a price-to-earnings ratio of -8.05 and a beta of 0.49. 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 stock has a fifty day moving average price of $6.92 and a two-hundred day moving average price of $8.44.

Insider Activity at Westrock Coffee

In other news, Director Kenneth M. Parent acquired 62,735 shares of the business's stock in a transaction on Monday, December 2nd. The shares were purchased 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 of the company's stock, valued at $907,479.57. This represents a 126.19 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joe T. Ford acquired 5,000 shares of the business's stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of $6.97 per share, for a total transaction of $34,850.00. Following the purchase, the director now directly owns 249,445 shares of the company's stock, valued at $1,738,631.65. This represents a 2.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 42.10% of the stock is currently owned by company insiders.

Institutional Trading of Westrock Coffee

Institutional investors and hedge funds have recently bought and sold shares of the company. NFC Investments LLC raised its position in shares of Westrock Coffee by 17.0% during the 3rd quarter. NFC Investments LLC now owns 4,044,207 shares of the company's stock worth $26,286,000 after purchasing an additional 588,160 shares during the period. Vanguard Group Inc. raised its position in shares of Westrock Coffee by 23.2% during the 1st quarter. Vanguard Group Inc. now owns 2,538,327 shares of the company's stock worth $26,221,000 after purchasing an additional 478,088 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Westrock Coffee during the 2nd quarter worth approximately $19,199,000. Geode Capital Management LLC raised its position in shares of Westrock Coffee by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 806,325 shares of the company's stock worth $5,242,000 after purchasing an additional 43,731 shares during the period. Finally, State Street Corp raised its position in shares of Westrock Coffee by 2.0% during the 3rd quarter. State Street Corp now owns 649,553 shares of the company's stock worth $4,222,000 after purchasing an additional 12,937 shares during the period. Institutional investors and hedge funds own 45.08% of the company's stock.

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.