Scott Ford Purchases 100,000 Shares of Westrock Coffee (NASDAQ:WEST) Stock

Westrock Coffee Company (NASDAQ:WEST) CEO Scott Ford bought 100,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was purchased at an average cost of $4.14 per share, with a total value of $414,000.00. Following the purchase, the chief executive officer directly owned 506,401 shares of the company’s stock, valued at approximately $2,096,500.14. This represents a 24.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Westrock Coffee Trading Up 10.3%

Shares of NASDAQ WEST opened at $4.62 on Friday. Westrock Coffee Company has a twelve month low of $3.59 and a twelve month high of $7.92. The stock has a market cap of $447.31 million, a price-to-earnings ratio of -4.71 and a beta of 0.47. The company has a quick ratio of 0.47, a current ratio of 1.02 and a debt-to-equity ratio of 37.87. The company’s fifty day moving average is $4.41 and its 200-day moving average is $5.52.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $354.83 million for the quarter, compared to the consensus estimate of $281.54 million. Westrock Coffee had a negative return on equity of 98.07% and a negative net margin of 8.58%. Equities research analysts predict that Westrock Coffee Company will post -0.3 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WEST. Wall Street Zen upgraded Westrock Coffee from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Telsey Advisory Group dropped their target price on shares of Westrock Coffee from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Benchmark reiterated a “buy” rating on shares of Westrock Coffee in a report on Friday, November 14th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Westrock Coffee in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Hedge Funds Weigh In On Westrock Coffee

Several hedge funds have recently made changes to their positions in WEST. Verition Fund Management LLC lifted its position in shares of Westrock Coffee by 89.1% in the third quarter. Verition Fund Management LLC now owns 45,701 shares of the company’s stock worth $222,000 after purchasing an additional 21,533 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Westrock Coffee in the 3rd quarter valued at $110,000. Millennium Management LLC increased its stake in Westrock Coffee by 4.1% in the 3rd quarter. Millennium Management LLC now owns 320,282 shares of the company’s stock valued at $1,557,000 after buying an additional 12,728 shares during the last quarter. Bank of America Corp DE lifted its position in Westrock Coffee by 28.5% during the 3rd quarter. Bank of America Corp DE now owns 61,963 shares of the company’s stock worth $301,000 after buying an additional 13,735 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Westrock Coffee by 10.1% during the 3rd quarter. Alliancebernstein L.P. now owns 31,720 shares of the company’s stock worth $154,000 after buying an additional 2,900 shares during the last quarter. 45.08% of the stock is owned by institutional investors.

Westrock Coffee Company Profile

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.