Savant Capital LLC Takes $76,000 Position in Westrock Coffee Company $WEST

Savant Capital LLC acquired a new position in Westrock Coffee Company (NASDAQ:WEST) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 13,346 shares of the company’s stock, valued at approximately $76,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in Westrock Coffee by 3.4% during the 1st quarter. Rhumbline Advisers now owns 45,787 shares of the company’s stock valued at $331,000 after purchasing an additional 1,510 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Westrock Coffee by 10.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company’s stock valued at $154,000 after buying an additional 2,003 shares during the period. Swiss National Bank lifted its holdings in Westrock Coffee by 4.4% in the first quarter. Swiss National Bank now owns 73,000 shares of the company’s stock valued at $527,000 after buying an additional 3,100 shares during the period. HHM Wealth Advisors LLC boosted its stake in Westrock Coffee by 130.9% in the first quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company’s stock valued at $58,000 after acquiring an additional 4,580 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Westrock Coffee by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 290,306 shares of the company’s stock worth $2,096,000 after acquiring an additional 5,653 shares during the period. 45.08% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Robert Patrick Kruczek bought 79,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average cost of $4.08 per share, for a total transaction of $322,320.00. Following the acquisition, the director owned 291,211 shares of the company’s stock, valued at approximately $1,188,140.88. This represents a 37.23% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Scott T. Ford purchased 100,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was bought at an average cost of $4.35 per share, for a total transaction of $435,000.00. Following the purchase, the chief executive officer owned 23,263,104 shares of the company’s stock, valued at approximately $101,194,502.40. This represents a 0.43% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 359,461 shares of company stock worth $1,534,021. Company insiders own 27.70% of the company’s stock.

Westrock Coffee Price Performance

WEST opened at $4.11 on Friday. The stock has a market cap of $397.93 million, a P/E ratio of -4.19 and a beta of 0.47. Westrock Coffee Company has a 12 month low of $3.59 and a 12 month 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 company has a fifty day simple moving average of $4.64 and a 200 day simple moving average of $5.82.

Westrock Coffee (NASDAQ:WEST) last posted its earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). Westrock Coffee had a negative return on equity of 98.07% and a negative net margin of 8.58%.The firm had revenue of $354.83 million during the quarter, compared to analysts’ expectations of $281.54 million. On average, research analysts expect that Westrock Coffee Company will post -0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Benchmark reissued a “buy” rating on shares of Westrock Coffee in a research note on Friday, November 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Westrock Coffee in a report on Wednesday, October 8th. Telsey Advisory Group reduced their target price on Westrock Coffee from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Finally, Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.00.

Westrock Coffee 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.