Westrock Coffee (NASDAQ:WEST) Director Buys $199,750.00 in Stock

Westrock Coffee Company (NASDAQ:WEST) Director Robert Patrick Kruczek purchased 47,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was acquired at an average cost of $4.25 per share, for a total transaction of $199,750.00. Following the completion of the transaction, the director owned 338,211 shares in the company, valued at approximately $1,437,396.75. This trade represents a 16.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Robert Patrick Kruczek also recently made the following trade(s):

• On Tuesday, November 18th, Robert Patrick Kruczek acquired 79,000 shares of Westrock Coffee stock. The stock was bought at an average price of $4.08 per share, for a total transaction of $322,320.00.
• On Monday, November 17th, Robert Patrick Kruczek bought 24,000 shares of Westrock Coffee stock. The shares were bought at an average price of $4.12 per share, with a total value of $98,880.00.
• On Monday, November 17th, Robert Patrick Kruczek purchased 24,000 shares of Westrock Coffee stock. The stock was bought at an average cost of $4.12 per share, with a total value of $98,880.00.

Westrock Coffee Stock Performance

NASDAQ WEST traded down $0.09 during midday trading on Wednesday, hitting $4.17. The company had a trading volume of 510,521 shares, compared to its average volume of 380,349. The firm has a fifty day simple moving average of $4.71 and a two-hundred day simple moving average of $5.86. Westrock Coffee Company has a fifty-two week low of $3.59 and a fifty-two week high of $8.29. 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 stock has a market cap of $403.74 million, a price-to-earnings ratio of -4.26 and a beta of 0.47.

Westrock Coffee (NASDAQ:WEST) last released 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). Westrock Coffee had a negative net margin of 8.58% and a negative return on equity of 98.07%. The business had revenue of $354.83 million during the quarter, compared to analysts’ expectations of $281.54 million. Equities analysts forecast that Westrock Coffee Company will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WEST has been the subject of a number of recent research reports. Wall Street Zen upgraded Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Westrock Coffee in a research note on Wednesday, October 8th. Benchmark reaffirmed a “buy” rating on shares of Westrock Coffee in a report on Friday. Finally, Telsey Advisory Group lowered their target price on shares of Westrock Coffee from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Three investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Verition Fund Management LLC boosted its stake in shares of Westrock Coffee by 89.1% in the 3rd quarter. Verition Fund Management LLC now owns 45,701 shares of the company’s stock valued at $222,000 after purchasing an additional 21,533 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new position in Westrock Coffee during the 3rd quarter valued at about $110,000. Millennium Management LLC lifted its holdings in Westrock Coffee by 4.1% during the 3rd quarter. Millennium Management LLC now owns 320,282 shares of the company’s stock valued at $1,557,000 after purchasing an additional 12,728 shares during the last quarter. Bank of America Corp DE grew its stake in Westrock Coffee by 28.5% during the third 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 during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Westrock Coffee by 10.1% during the third 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.

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.