Westrock Coffee (NASDAQ:WEST) Director Joe Ford Purchases 55,000 Shares of Stock

Westrock Coffee Company (NASDAQ:WEST) Director Joe Ford purchased 55,000 shares of the stock in a transaction on Tuesday, March 17th. The shares were purchased at an average cost of $4.60 per share, with a total value of $253,000.00. Following the transaction, the director owned 533,916 shares of the company’s stock, valued at $2,456,013.60. This trade represents a 11.48% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Westrock Coffee Stock Performance

Westrock Coffee stock opened at $4.54 on Wednesday. The stock’s 50-day moving average is $4.58 and its 200-day moving average is $4.55. The company has a market cap of $439.56 million, a price-to-earnings ratio of -4.78 and a beta of 0.49. The company has a debt-to-equity ratio of 37.87, a current ratio of 0.96 and a quick ratio of 0.48. Westrock Coffee Company has a 12 month low of $3.59 and a 12 month high of $7.92.

Westrock Coffee (NASDAQ:WEST) last issued its earnings results on Tuesday, March 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11). The firm had revenue of $339.47 million for the quarter, compared to analysts’ expectations of $317.40 million. Westrock Coffee had a negative return on equity of 233.53% and a negative net margin of 7.61%. Equities analysts anticipate that Westrock Coffee Company will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On Westrock Coffee

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Westrock Coffee by 199.0% during the second quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock valued at $36,000 after purchasing an additional 4,136 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Westrock Coffee by 79.2% in the third quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock valued at $38,000 after purchasing an additional 3,439 shares during the period. Waterloo Capital L.P. purchased a new position in shares of Westrock Coffee in the fourth quarter valued at $43,000. Mercer Global Advisors Inc. ADV acquired a new stake in Westrock Coffee during the 4th quarter valued at $47,000. Finally, Hexagon Capital Partners LLC acquired a new stake in Westrock Coffee during the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 45.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on WEST. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of Westrock Coffee in a report on Wednesday, January 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $7.00 price target on shares of Westrock Coffee in a research report on Monday, March 9th. Finally, Stifel Nicolaus lowered their price target on Westrock Coffee from $10.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

About Westrock Coffee

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.