Westrock Coffee Company $WEST is NFC Investments LLC’s 8th Largest Position

NFC Investments LLC decreased its holdings in shares of Westrock Coffee Company (NASDAQ:WEST) by 8.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,745,959 shares of the company’s stock after selling 343,752 shares during the quarter. Westrock Coffee comprises approximately 4.3% of NFC Investments LLC’s investment portfolio, making the stock its 8th largest holding. NFC Investments LLC’s holdings in Westrock Coffee were worth $15,245,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its stake in Westrock Coffee by 24.4% during the fourth quarter. Intech Investment Management LLC now owns 22,798 shares of the company’s stock worth $93,000 after purchasing an additional 4,472 shares during the last quarter. Lathrop Investment Management Co. lifted its stake in Westrock Coffee by 29.6% during the fourth quarter. Lathrop Investment Management Co. now owns 23,615 shares of the company’s stock worth $96,000 after purchasing an additional 5,400 shares during the last quarter. Hexagon Capital Partners LLC purchased a new stake in Westrock Coffee during the fourth quarter worth approximately $48,000. Schonfeld Strategic Advisors LLC purchased a new stake in Westrock Coffee during the third quarter worth approximately $76,000. Finally, Two Sigma Investments LP purchased a new stake in Westrock Coffee during the third quarter worth approximately $78,000. Hedge funds and other institutional investors own 45.08% of the company’s stock.

Analyst Upgrades and Downgrades

WEST has been the subject of several recent analyst reports. Wall Street Zen upgraded Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings upgraded Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Zacks Research upgraded Westrock Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Stifel Nicolaus set a $8.00 target price on Westrock Coffee in a research note on Friday, May 8th. Finally, Benchmark boosted their target price on Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Westrock Coffee has an average rating of “Hold” and a consensus target price of $9.00.

Westrock Coffee Price Performance

Shares of NASDAQ WEST opened at $8.93 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.46 and a debt-to-equity ratio of 37.87. Westrock Coffee Company has a twelve month low of $3.59 and a twelve month high of $9.13. The stock has a 50 day moving average of $6.65 and a two-hundred day moving average of $5.18. The stock has a market cap of $865.13 million, a P/E ratio of -11.91 and a beta of 0.90.

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, beating analysts’ consensus estimates of ($0.13) by $0.09. The business 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%. On average, research analysts forecast that Westrock Coffee Company will post -0.18 earnings per share for the current year.

Insider Activity

In related news, Director Joe T. Ford bought 55,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of $4.60 per share, with a total value of $253,000.00. Following the completion of the acquisition, the director owned 533,916 shares in the company, valued at approximately $2,456,013.60. This trade represents a 11.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 134,500 shares of company stock valued at $720,115 over the last quarter. Insiders own 25.40% of the company’s stock.

Westrock Coffee 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.