Westrock Coffee (NASDAQ:WEST) Director Acquires $176,400.00 in Stock

Westrock Coffee Company (NASDAQ:WEST) Director Joe Ford bought 45,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $3.92 per share, with a total value of $176,400.00. Following the transaction, the director directly owned 478,916 shares in the company, valued at approximately $1,877,350.72. The trade was a 10.37% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Westrock Coffee Trading Up 6.1%

Shares of NASDAQ:WEST traded up $0.26 during midday trading on Monday, hitting $4.52. The company had a trading volume of 624,905 shares, compared to its average volume of 338,483. Westrock Coffee Company has a 12 month low of $3.59 and a 12 month high of $7.92. The company has a current ratio of 0.96, a quick ratio of 0.48 and a debt-to-equity ratio of 37.87. The stock has a market cap of $437.63 million, a price-to-earnings ratio of -4.76 and a beta of 0.50. The firm has a fifty day simple moving average of $4.55 and a 200 day simple moving average of $4.57.

Westrock Coffee (NASDAQ:WEST) last announced its quarterly earnings data on Tuesday, March 10th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11). Westrock Coffee had a negative return on equity of 233.53% and a negative net margin of 7.61%.The company had revenue of $339.47 million for the quarter, compared to analyst estimates of $317.40 million. On average, analysts predict that Westrock Coffee Company will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Westrock Coffee

Several large investors have recently modified their holdings of the business. Agman Capital LLC bought a new position in shares of Westrock Coffee during the 4th quarter valued at about $3,007,000. Millennium Management LLC grew its position in shares of Westrock Coffee by 111.2% in the 4th quarter. Millennium Management LLC now owns 676,400 shares of the company’s stock valued at $2,753,000 after purchasing an additional 356,118 shares during the period. CastleKnight Management LP increased its stake in Westrock Coffee by 44.8% during the 4th quarter. CastleKnight Management LP now owns 575,000 shares of the company’s stock worth $2,340,000 after purchasing an additional 178,020 shares in the last quarter. Piedmont Capital Management LLC NC acquired a new stake in Westrock Coffee during the 4th quarter worth approximately $645,000. Finally, Goldman Sachs Group Inc. raised its holdings in Westrock Coffee by 189.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 176,929 shares of the company’s stock worth $720,000 after buying an additional 115,777 shares during the period. 45.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stifel Nicolaus lowered their price target on Westrock Coffee from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Telsey Advisory Group restated an “outperform” rating and set a $7.00 price objective on shares of Westrock Coffee in a report on Monday, March 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Westrock Coffee in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

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.