Westrock Coffee (NASDAQ:WEST) Director Acquires $127,500.00 in Stock

Westrock Coffee Company (NASDAQ:WEST) Director Joe Ford acquired 15,000 shares of Westrock Coffee stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $8.50 per share, for a total transaction of $127,500.00. Following the purchase, the director owned 273,000 shares of the company’s stock, valued at $2,320,500. This represents a 5.81% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Westrock Coffee Stock Performance

Shares of WEST opened at $8.45 on Monday. The stock’s 50-day moving average is $5.20 and its two-hundred day moving average is $4.69. The stock has a market cap of $818.64 million, a PE ratio of -11.27 and a beta of 0.78. Westrock Coffee Company has a 12 month low of $3.59 and a 12 month high of $8.98. The company has a debt-to-equity ratio of 37.87, a current ratio of 0.97 and a quick ratio of 0.46.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on WEST shares. Telsey Advisory Group lifted their target price on Westrock Coffee from $7.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Zacks Research raised Westrock Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Benchmark lifted their target price on Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Stifel Nicolaus set a $8.00 target price on Westrock Coffee in a research report on Friday, May 8th. Three investment 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.00.

Institutional Trading of Westrock Coffee

Hedge funds and other institutional investors have recently bought and sold shares of the company. AXQ Capital LP bought a new stake in Westrock Coffee in the third quarter valued at about $102,000. Vanguard Group Inc. increased its holdings in Westrock Coffee by 0.5% in the third quarter. Vanguard Group Inc. now owns 2,984,114 shares of the company’s stock valued at $14,503,000 after buying an additional 14,707 shares during the last quarter. Paragon Advisors LLC increased its holdings in Westrock Coffee by 55.0% in the third quarter. Paragon Advisors LLC now owns 21,326 shares of the company’s stock valued at $104,000 after buying an additional 7,565 shares during the last quarter. HHM Wealth Advisors LLC increased its holdings in Westrock Coffee by 61.9% in the third quarter. HHM Wealth Advisors LLC now owns 13,080 shares of the company’s stock valued at $64,000 after buying an additional 5,000 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings 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 during the last quarter. 45.08% of the stock is owned by institutional investors.

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.