Westrock Coffee (NASDAQ:WEST) COO Purchases $71,931.51 in Stock

Westrock Coffee Company (NASDAQ:WEST) COO William Ford purchased 16,311 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were bought at an average cost of $4.41 per share, with a total value of $71,931.51. Following the completion of the acquisition, the chief operating officer owned 17,150 shares of the company’s stock, valued at approximately $75,631.50. This trade represents a 1,944.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Westrock Coffee Stock Performance

WEST traded down $0.27 during trading on Wednesday, hitting $3.92. The stock had a trading volume of 724,329 shares, compared to its average volume of 373,476. The firm has a market capitalization of $371.26 million, a P/E ratio of -4.00 and a beta of 0.47. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.47 and a current ratio of 1.02. Westrock Coffee Company has a twelve month low of $3.59 and a twelve month high of $8.29. The company’s 50-day moving average price is $4.79 and its 200 day moving average price is $5.91.

Westrock Coffee (NASDAQ:WEST) last issued its earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, meeting 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 net margin of 8.58% and a negative return on equity of 98.07%. On average, equities research analysts forecast that Westrock Coffee Company will post -0.3 EPS for the current fiscal year.

Institutional Trading of Westrock Coffee

Institutional investors and hedge funds have recently made changes to their positions in the stock. Krilogy Financial LLC purchased a new stake in Westrock Coffee during the 2nd quarter worth about $1,146,000. Vanguard Group Inc. boosted its stake in shares of Westrock Coffee by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company’s stock worth $21,304,000 after purchasing an additional 137,646 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Westrock Coffee by 1,019.7% during the second quarter. Jane Street Group LLC now owns 116,451 shares of the company’s stock worth $667,000 after buying an additional 106,051 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of Westrock Coffee in the third quarter valued at approximately $463,000. Finally, Nuveen LLC purchased a new position in shares of Westrock Coffee during the first quarter valued at approximately $680,000. 45.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WEST has been the subject of several recent analyst reports. Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Telsey Advisory Group reduced their target price on Westrock Coffee from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Westrock Coffee in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Westrock Coffee presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

About Westrock Coffee

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.