Westrock Coffee (NASDAQ:WEST) Trading Down 5.7% - Should You Sell?

Westrock Coffee (NASDAQ:WEST - Get Free Report)'s share price was down 5.7% during trading on Tuesday . The company traded as low as $5.81 and last traded at $5.77. Approximately 83,832 shares traded hands during trading, a decline of 70% from the average daily volume of 277,946 shares. The stock had previously closed at $6.12.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WEST shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $9.00 target price on shares of Westrock Coffee in a research report on Wednesday, March 12th. Benchmark reissued a "buy" rating and issued a $10.00 price objective on shares of Westrock Coffee in a report on Friday, March 14th.

Westrock Coffee Price Performance

The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. The company has a market capitalization of $558.77 million, a P/E ratio of -6.90 and a beta of 0.47. The company has a 50 day moving average price of $6.49 and a 200 day moving average price of $6.67.

Insider Buying and Selling at Westrock Coffee

In other news, COO William A. Ford bought 15,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $6.45 per share, with a total value of $96,750.00. Following the completion of the transaction, the chief operating officer now owns 476,190 shares of the company's stock, valued at $3,071,425.50. This trade represents a 3.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 42.10% of the company's stock.

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Institutional Trading of Westrock Coffee

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Westrock Coffee by 7.7% during the fourth quarter. Vanguard Group Inc. now owns 2,812,993 shares of the company's stock worth $18,059,000 after buying an additional 199,939 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Westrock Coffee by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 841,226 shares of the company's stock valued at $5,402,000 after purchasing an additional 34,901 shares during the period. State Street Corp increased its holdings in shares of Westrock Coffee by 2.0% during the third 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. Millennium Management LLC raised its position in shares of Westrock Coffee by 198.9% in the fourth quarter. Millennium Management LLC now owns 589,450 shares of the company's stock valued at $3,784,000 after buying an additional 392,214 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Westrock Coffee by 2.3% in the fourth quarter. Northern Trust Corp now owns 300,712 shares of the company's stock valued at $1,931,000 after buying an additional 6,762 shares during the period. 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.