Westrock Coffee (NASDAQ:WEST) Director Acquires $253,000.00 in Stock

Westrock Coffee Company (NASDAQ:WEST) Director Joe Ford acquired 55,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average cost of $4.60 per share, with a total value of $253,000.00. Following the transaction, the director owned 533,916 shares in the company, valued at approximately $2,456,013.60. This trade represents a 11.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Westrock Coffee Price Performance

Shares of Westrock Coffee stock opened at $4.33 on Friday. The stock has a market cap of $419.23 million, a P/E ratio of -4.56 and a beta of 0.49. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.48 and a current ratio of 0.96. The stock’s fifty day moving average is $4.60 and its 200 day moving average is $4.55. Westrock Coffee Company has a one year low of $3.59 and a one year high of $7.92.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings results on Tuesday, March 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.11). The company had revenue of $339.47 million for the quarter, compared to the consensus estimate of $317.40 million. Westrock Coffee had a negative net margin of 7.61% and a negative return on equity of 233.53%. Sell-side analysts anticipate that Westrock Coffee Company will post -0.3 earnings per share for the current year.

Institutional Trading of Westrock Coffee

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Westrock Coffee by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company’s stock worth $154,000 after purchasing an additional 2,003 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Westrock Coffee by 14.9% during the fourth quarter. MetLife Investment Management LLC now owns 20,863 shares of the company’s stock valued at $85,000 after buying an additional 2,704 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Westrock Coffee by 10.1% during the third quarter. Alliancebernstein L.P. now owns 31,720 shares of the company’s stock valued at $154,000 after buying an additional 2,900 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of 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 buying an additional 3,439 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Westrock Coffee by 8.1% in the second quarter. Rhumbline Advisers now owns 49,510 shares of the company’s stock worth $284,000 after buying an additional 3,723 shares in the last quarter. Institutional investors own 45.08% of the company’s stock.

Wall Street Analysts Forecast Growth

WEST has been the subject of several analyst reports. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Stifel Nicolaus dropped their price target on shares of Westrock Coffee from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Westrock Coffee in a research note on Wednesday, January 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $7.00 price objective on shares of Westrock Coffee in a research report on Monday, March 9th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $8.00.

Westrock Coffee Company Profile

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.