Westrock Coffee (NASDAQ:WEST) Trading 7.1% Higher – Time to Buy?

Westrock Coffee Company (NASDAQ:WEST)’s stock price traded up 7.1% on Thursday . The company traded as high as $7.66 and last traded at $7.70. Approximately 166,290 shares were traded during trading, a decline of 70% from the average session volume of 550,809 shares. The stock had previously closed at $7.19.

Analyst Upgrades and Downgrades

WEST has been the subject of a number of recent research reports. Stifel Nicolaus set a $8.00 price target on shares of Westrock Coffee in a research note on Friday, May 8th. Zacks Research upgraded shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Benchmark boosted their target price on shares of Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Telsey Advisory Group upped their target price on shares of Westrock Coffee from $7.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Weiss Ratings raised shares of Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.00.

Westrock Coffee Stock Up 6.0%

The company has a market capitalization of $738.52 million, a P/E ratio of -10.17 and a beta of 0.90. The business’s 50-day moving average is $8.18 and its two-hundred day moving average is $5.89.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. The business had revenue of $308.83 million during the quarter, compared to the consensus estimate of $285.12 million. Westrock Coffee had a negative net margin of 5.59% and a negative return on equity of 2,145.68%. Analysts predict that Westrock Coffee Company will post -0.18 EPS for the current year.

Insider Buying and Selling at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford bought 15,000 shares of Westrock Coffee stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $8.50 per share, with a total value of $127,500.00. Following the completion of the acquisition, the director directly owned 273,000 shares in the company, valued at approximately $2,320,500. The trade was a 5.81% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders purchased 34,500 shares of company stock valued at $290,715. 25.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Group One Trading LLC purchased a new stake in shares of Westrock Coffee during the 1st quarter valued at $26,000. EverSource Wealth Advisors LLC boosted 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 buying an additional 4,136 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Westrock Coffee by 79.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock worth $38,000 after buying an additional 3,439 shares during the last quarter. Waterloo Capital L.P. bought a new position in Westrock Coffee during the fourth quarter valued at about $43,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Westrock Coffee during the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 45.08% of the company’s stock.

About Westrock Coffee

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.