Westrock Coffee (NASDAQ:WEST) Director Joe Ford Buys 15,000 Shares

Westrock Coffee Company (NASDAQ:WEST) Director Joe Ford bought 15,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $8.50 per share, for a total transaction of $127,500.00. Following the transaction, the director directly owned 273,000 shares of the company’s stock, valued at approximately $2,320,500. This represents a 5.81% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Westrock Coffee Stock Performance

Shares of WEST traded up $0.09 during midday trading on Friday, reaching $8.45. 816,764 shares of the stock were exchanged, compared to its average volume of 466,167. The business’s 50-day moving average price is $5.11 and its 200 day moving average price is $4.66. The company has a debt-to-equity ratio of 37.87, a current ratio of 0.97 and a quick ratio of 0.48. Westrock Coffee Company has a twelve month low of $3.59 and a twelve month high of $8.98. The company has a market capitalization of $818.64 million, a price-to-earnings ratio of -11.27 and a beta of 0.78.

Westrock Coffee (NASDAQ:WEST) last posted its earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%.The business had revenue of $308.83 million for the quarter, compared to analysts’ expectations of $285.13 million. On average, sell-side analysts expect that Westrock Coffee Company will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Westrock Coffee

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Group One Trading LLC acquired a new stake in shares of Westrock Coffee during the 1st quarter valued at approximately $26,000. Hsbc Holdings PLC lifted its position in shares of Westrock Coffee by 110.9% during the 1st quarter. Hsbc Holdings PLC now owns 29,811 shares of the company’s stock valued at $123,000 after acquiring an additional 15,676 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Westrock Coffee during the 1st quarter valued at approximately $1,203,000. Inspire Investing LLC lifted its position in shares of Westrock Coffee by 8.1% during the 1st quarter. Inspire Investing LLC now owns 125,038 shares of the company’s stock valued at $531,000 after acquiring an additional 9,319 shares during the period. Finally, Red Door Wealth Management LLC lifted its position in shares of Westrock Coffee by 7.7% during the 1st quarter. Red Door Wealth Management LLC now owns 28,000 shares of the company’s stock valued at $119,000 after acquiring an additional 2,000 shares during the period. 45.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Telsey Advisory Group lifted their price objective on Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Stifel Nicolaus set a $8.00 price objective on Westrock Coffee in a report on Friday, May 8th. Zacks Research raised Westrock Coffee from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings raised Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Finally, Benchmark lifted their price objective on Westrock Coffee from $8.00 to $10.00 and gave the company a “buy” rating in a report on Monday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.00.

About Westrock Coffee

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.