Insider Buying: Westrock Coffee (NASDAQ:WEST) Director Buys $98,880.00 in Stock

Westrock Coffee Company (NASDAQ:WEST) Director Robert Patrick Kruczek acquired 24,000 shares of Westrock Coffee stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average cost of $4.12 per share, with a total value of $98,880.00. Following the purchase, the director directly owned 212,211 shares of the company’s stock, valued at $874,309.32. This represents a 12.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, November 19th, Robert Patrick Kruczek bought 47,000 shares of Westrock Coffee stock. The stock was purchased at an average price of $4.25 per share, for a total transaction of $199,750.00.
• On Tuesday, November 18th, Robert Patrick Kruczek bought 79,000 shares of Westrock Coffee stock. The shares were bought at an average cost of $4.08 per share, with a total value of $322,320.00.
• On Monday, November 17th, Robert Patrick Kruczek purchased 24,000 shares of Westrock Coffee stock. The stock was purchased at an average cost of $4.12 per share, with a total value of $98,880.00.

Westrock Coffee Stock Down 2.1%

Shares of 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 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 1 year low of $3.59 and a 1 year high of $8.29. The firm has a market capitalization of $403.74 million, a P/E ratio of -4.26 and a beta of 0.47. The company’s 50-day simple moving average is $4.71 and its 200-day simple moving average is $5.86.

Westrock Coffee (NASDAQ:WEST) last issued its earnings results on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $354.83 million for the quarter, compared to analyst estimates of $281.54 million. Westrock Coffee had a negative net margin of 8.58% and a negative return on equity of 98.07%. As a group, sell-side analysts expect that Westrock Coffee Company will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Westrock Coffee

A number of large investors have recently made changes to their positions in WEST. Verition Fund Management LLC lifted its stake in Westrock Coffee by 89.1% during the 3rd quarter. Verition Fund Management LLC now owns 45,701 shares of the company’s stock valued at $222,000 after acquiring an additional 21,533 shares during the period. Sherbrooke Park Advisers LLC acquired a new position in shares of Westrock Coffee during the 3rd quarter worth approximately $110,000. Millennium Management LLC grew its holdings in shares of Westrock Coffee by 4.1% in the third 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 period. Bank of America Corp DE increased 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 acquiring an additional 13,735 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Westrock Coffee by 10.1% in the 3rd quarter. Alliancebernstein L.P. now owns 31,720 shares of the company’s stock valued at $154,000 after acquiring an additional 2,900 shares during the period. 45.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Telsey Advisory Group lowered their price target on Westrock Coffee from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Benchmark reaffirmed a “buy” rating on shares of Westrock Coffee in a report on Friday. Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Westrock Coffee in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Westrock Coffee currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Westrock Coffee Company Profile

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.