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

Shares of Westrock Coffee Company (NASDAQ:WEST) were up 2.1% during trading on Monday . The stock 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 Ratings Changes

Several analysts have issued reports on WEST shares. Telsey Advisory Group cut their price target on shares of Westrock Coffee from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Benchmark reissued a “buy” rating on shares of Westrock Coffee in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Westrock Coffee in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.00.

Westrock Coffee Stock Performance

The firm has a market cap of $477.32 million, a P/E ratio of -5.03 and a beta of 0.48. The business’s fifty day simple moving average is $4.29 and its 200-day simple moving average is $4.97. The company has a current ratio of 1.02, a quick ratio of 0.47 and a debt-to-equity ratio of 37.87.

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 analysts’ consensus estimates of ($0.05). Westrock Coffee had a negative net margin of 8.58% and a negative return on equity of 98.07%. The company had revenue of $354.83 million during the quarter, compared to analyst estimates of $281.54 million. As a group, sell-side analysts expect that Westrock Coffee Company will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In other Westrock Coffee news, COO William A. Ford bought 16,311 shares of Westrock Coffee stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average cost of $4.41 per share, with a total value of $71,931.51. Following the completion of the purchase, the chief operating officer owned 17,150 shares of the company’s stock, valued at approximately $75,631.50. This represents a 1,944.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott T. Ford bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average price of $4.14 per share, with a total value of $414,000.00. Following the acquisition, the chief executive officer owned 506,401 shares of the company’s stock, valued at $2,096,500.14. This represents a 24.61% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 474,461 shares of company stock valued at $2,003,921 in the last 90 days. 27.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new stake in shares of Westrock Coffee during the 1st quarter valued at about $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Westrock Coffee by 10.4% in the first 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 period. DAVENPORT & Co LLC lifted its holdings in Westrock Coffee by 8.0% in the second quarter. DAVENPORT & Co LLC now owns 263,925 shares of the company’s stock worth $1,512,000 after buying an additional 19,455 shares during the period. Stephens Inc. AR boosted its position in Westrock Coffee by 7.0% during the 2nd quarter. Stephens Inc. AR now owns 262,428 shares of the company’s stock valued at $1,504,000 after acquiring an additional 17,064 shares in the last quarter. Finally, Savant Capital LLC purchased a new position in shares of Westrock Coffee during the 2nd quarter worth approximately $76,000. 45.08% of the stock is currently owned by institutional investors.

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.