Westrock Coffee (NASDAQ:WEST) Director Acquires $71,655.00 in Stock

Westrock Coffee Company (NASDAQ:WEST) Director Joe Ford bought 8,500 shares of Westrock Coffee stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $8.43 per share, for a total transaction of $71,655.00. Following the completion of the acquisition, the director owned 258,000 shares in the company, valued at $2,174,940. This represents a 3.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Westrock Coffee Stock Performance

WEST opened at $8.45 on Monday. The firm has a market cap of $818.64 million, a P/E ratio of -11.27 and a beta of 0.78. Westrock Coffee Company has a 52-week low of $3.59 and a 52-week high of $8.98. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.46 and a current ratio of 0.97. The business’s fifty day moving average is $5.20 and its 200-day moving average is $4.69.

Westrock Coffee (NASDAQ:WEST) last released its earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.09. The company had revenue of $308.83 million for the quarter, compared to analyst estimates of $285.13 million. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%. Sell-side analysts expect that Westrock Coffee Company will post -0.18 EPS for the current fiscal year.

Institutional Trading of Westrock Coffee

Hedge funds have recently made changes to their positions in the company. AXQ Capital LP acquired a new stake in shares of Westrock Coffee during the third quarter valued at about $102,000. Vanguard Group Inc. boosted its stake in shares of Westrock Coffee by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,984,114 shares of the company’s stock valued at $14,503,000 after purchasing an additional 14,707 shares in the last quarter. Paragon Advisors LLC boosted its stake in shares of Westrock Coffee by 55.0% during the third quarter. Paragon Advisors LLC now owns 21,326 shares of the company’s stock valued at $104,000 after purchasing an additional 7,565 shares in the last quarter. HHM Wealth Advisors LLC boosted its stake in shares of Westrock Coffee by 61.9% during the third quarter. HHM Wealth Advisors LLC now owns 13,080 shares of the company’s stock valued at $64,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of Westrock Coffee by 1.9% during the third quarter. Stephens Inc. AR now owns 267,428 shares of the company’s stock valued at $1,300,000 after purchasing an additional 5,000 shares in the last quarter. 45.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WEST shares. Zacks Research upgraded Westrock Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings upgraded Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $8.00 target price on Westrock Coffee in a research report on Friday, May 8th. Wall Street Zen upgraded Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Telsey Advisory Group lifted their target price on Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.00.

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.