Westrock Coffee (NASDAQ:WEST) CEO Scott Ford Purchases 50,000 Shares of Stock

Westrock Coffee Company (NASDAQ:WEST) CEO Scott Ford purchased 50,000 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of $4.35 per share, with a total value of $217,500.00. Following the acquisition, the chief executive officer directly owned 406,401 shares in the company, valued at $1,767,844.35. This represents a 14.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Westrock Coffee Price Performance

Shares of NASDAQ WEST traded down $0.07 during midday trading on Friday, reaching $4.11. 645,039 shares of the stock traded hands, compared to its average volume of 586,935. The company’s 50 day moving average is $4.64 and its 200 day moving average is $5.82. Westrock Coffee Company has a one year low of $3.59 and a one year high of $8.29. The company has a debt-to-equity ratio of 37.87, a current ratio of 1.02 and a quick ratio of 0.47. The stock has a market capitalization of $397.93 million, a PE ratio of -4.19 and a beta of 0.47.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in shares of Westrock Coffee by 199.0% during the second quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock valued at $36,000 after acquiring an additional 4,136 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Westrock Coffee by 79.2% in the third quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock worth $38,000 after purchasing an additional 3,439 shares in the last quarter. HHM Wealth Advisors LLC increased its holdings in Westrock Coffee by 130.9% during the 1st quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company’s stock worth $58,000 after purchasing an additional 4,580 shares during the period. State of Wyoming bought a new stake in Westrock Coffee during the 1st quarter valued at $62,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Westrock Coffee in the 2nd quarter worth $65,000. Hedge funds and other institutional investors own 45.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on WEST shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Westrock Coffee in a research report on Wednesday, October 8th. Telsey Advisory Group dropped their target price on Westrock Coffee from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Benchmark restated a “buy” rating on shares of Westrock Coffee in a report on Friday, November 14th. Finally, Wall Street Zen upgraded Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Westrock Coffee currently has an average 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.