Westrock Coffee (NASDAQ:WEST) Trading Up 2.1% – Still a Buy?

Westrock Coffee Company (NASDAQ:WEST)’s share price rose 2.1% during trading on Monday . The company traded as high as $5.05 and last traded at $4.93. Approximately 342,949 shares changed hands during trading, an increase of 8% from the average daily volume of 316,540 shares. The stock had previously closed at $4.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Westrock Coffee in a research note on Wednesday, January 21st. Telsey Advisory Group decreased their price objective on shares of Westrock Coffee from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Finally, Benchmark reiterated a “buy” rating on shares of Westrock Coffee in a research note on Friday, November 14th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Westrock Coffee Stock Up 2.1%

The firm has a market capitalization of $477.32 million, a P/E ratio of -5.03 and a beta of 0.48. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.47 and a current ratio of 1.02. The stock has a 50 day moving average of $4.29 and a 200-day moving average of $4.97.

Westrock Coffee (NASDAQ:WEST) last posted its earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). Westrock Coffee had a negative net margin of 8.58% and a negative return on equity of 98.07%. The firm had revenue of $354.83 million during the quarter, compared to the consensus estimate of $281.54 million. Research analysts predict that Westrock Coffee Company will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Westrock Coffee

In related news, Director Robert Patrick Kruczek bought 47,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were purchased at an average price of $4.25 per share, for a total transaction of $199,750.00. Following the completion of the transaction, the director directly owned 338,211 shares in the company, valued at approximately $1,437,396.75. The trade was a 16.14% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joe T. Ford purchased 20,000 shares of Westrock Coffee stock in a transaction dated Monday, November 24th. The stock was bought at an average price of $4.12 per share, with a total value of $82,400.00. Following the completion of the transaction, the director owned 433,916 shares of the company’s stock, valued at $1,787,733.92. This represents a 4.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 474,461 shares of company stock worth $2,003,921. 27.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Westrock Coffee

Several large investors have recently added to or reduced their stakes in WEST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Westrock Coffee by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company’s stock worth $154,000 after buying an additional 2,003 shares during the last quarter. Alliancebernstein L.P. grew its position in Westrock Coffee by 10.1% during the third quarter. Alliancebernstein L.P. now owns 31,720 shares of the company’s stock valued at $154,000 after acquiring an additional 2,900 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Westrock Coffee by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock worth $38,000 after acquiring an additional 3,439 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Westrock Coffee by 8.1% in the 2nd quarter. Rhumbline Advisers now owns 49,510 shares of the company’s stock worth $284,000 after acquiring an additional 3,723 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Westrock Coffee by 199.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock worth $36,000 after acquiring an additional 4,136 shares during the last quarter. Institutional investors own 45.08% of the company’s stock.

Westrock Coffee Company Profile

Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.

Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.