Westrock Coffee (NASDAQ:WEST) Trading Down 3.7% - Here's What Happened

Westrock Coffee (NASDAQ:WEST - Get Free Report) traded down 3.7% during trading on Monday . The company traded as low as $5.70 and last traded at $5.71. 98,312 shares traded hands during trading, a decline of 65% from the average session volume of 282,838 shares. The stock had previously closed at $5.93.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $9.00 target price on shares of Westrock Coffee in a research note on Wednesday, March 12th. Benchmark reiterated a "buy" rating and issued a $10.00 price objective on shares of Westrock Coffee in a research report on Wednesday.

Westrock Coffee Stock Down 0.9 %

The business has a 50-day moving average price of $6.40 and a 200-day moving average price of $6.64. The stock has a market cap of $519.20 million, a PE ratio of -6.41 and a beta of 0.47. 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 Buying and Selling at Westrock Coffee

In related news, COO William A. Ford purchased 15,000 shares of Westrock Coffee stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average price of $6.45 per share, for a total transaction of $96,750.00. Following the transaction, the chief operating officer now directly owns 476,190 shares in the company, valued at approximately $3,071,425.50. This trade represents a 3.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 42.10% of the company's stock.

Institutional Investors Weigh In On Westrock Coffee

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Westrock Coffee by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company's stock valued at $1,827,000 after acquiring an additional 2,010 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Westrock Coffee by 23.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,418 shares of the company's stock valued at $87,000 after purchasing an additional 2,588 shares in the last quarter. Barclays PLC lifted its holdings in Westrock Coffee by 6.6% in the 4th quarter. Barclays PLC now owns 61,159 shares of the company's stock valued at $392,000 after purchasing an additional 3,802 shares in the last quarter. Arvest Bank Trust Division boosted its stake in Westrock Coffee by 28.4% during the 4th quarter. Arvest Bank Trust Division now owns 22,635 shares of the company's stock worth $145,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Townsquare Capital LLC grew its holdings in shares of Westrock Coffee by 46.6% during the fourth quarter. Townsquare Capital LLC now owns 16,133 shares of the company's stock worth $104,000 after buying an additional 5,131 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.