Westrock Coffee (NASDAQ:WEST) CEO Buys $435,000.00 in Stock

Westrock Coffee Company (NASDAQ:WEST) CEO Scott Ford purchased 100,000 shares of Westrock Coffee stock in a transaction on Tuesday, November 11th. The shares were purchased at an average cost of $4.35 per share, with a total value of $435,000.00. Following the transaction, the chief executive officer owned 23,263,104 shares in the company, valued at approximately $101,194,502.40. The trade was a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Westrock Coffee Stock Down 6.4%

WEST traded down $0.27 during trading hours on Wednesday, hitting $3.92. 724,329 shares of the company’s stock were exchanged, compared to its average volume of 373,476. The stock has a market cap of $371.26 million, a price-to-earnings ratio of -4.00 and a beta of 0.47. Westrock Coffee Company has a 1-year low of $3.59 and a 1-year high of $8.29. The stock’s 50-day moving average is $4.79 and its two-hundred day moving average is $5.91. The company has a quick ratio of 0.47, a current ratio of 1.02 and a debt-to-equity ratio of 37.87.

Westrock Coffee (NASDAQ:WEST) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). Westrock Coffee had a negative net margin of 8.58% and a negative return on equity of 98.07%. The company had revenue of $354.83 million during the quarter, compared to the consensus estimate of $281.54 million. Sell-side analysts predict that Westrock Coffee Company will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Westrock Coffee

Several institutional investors have recently made changes to their positions in WEST. NFC Investments LLC increased its stake in Westrock Coffee by 2.0% during the 3rd quarter. NFC Investments LLC now owns 4,089,711 shares of the company’s stock worth $19,876,000 after acquiring an additional 81,730 shares during the period. Vanguard Group Inc. increased its position in shares of Westrock Coffee by 0.5% in the third quarter. Vanguard Group Inc. now owns 2,984,114 shares of the company’s stock worth $14,503,000 after purchasing an additional 14,707 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Westrock Coffee by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 290,306 shares of the company’s stock valued at $2,096,000 after purchasing an additional 5,653 shares in the last quarter. Stephens Inc. AR lifted its position in Westrock Coffee by 1.9% during the third quarter. Stephens Inc. AR now owns 267,428 shares of the company’s stock worth $1,300,000 after purchasing an additional 5,000 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in Westrock Coffee by 8.0% during the second quarter. DAVENPORT & Co LLC now owns 263,925 shares of the company’s stock worth $1,512,000 after buying an additional 19,455 shares in the last quarter. 45.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WEST has been the topic of a number of recent analyst reports. Telsey Advisory Group lowered their target price on shares of Westrock Coffee from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Westrock Coffee in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Westrock Coffee has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

About Westrock Coffee

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.