Lee Danner & Bass Inc. Takes $1.20 Million Position in Westrock Coffee Company $WEST

Lee Danner & Bass Inc. purchased a new position in shares of Westrock Coffee Company (NASDAQ:WEST) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 283,000 shares of the company’s stock, valued at approximately $1,203,000. Lee Danner & Bass Inc. owned about 0.29% of Westrock Coffee as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of WEST. AQR Capital Management LLC bought a new stake in Westrock Coffee in the 1st quarter valued at about $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Westrock Coffee by 10.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company’s stock valued at $154,000 after purchasing an additional 2,003 shares during the period. Rhumbline Advisers increased its stake in shares of Westrock Coffee by 8.1% in the second quarter. Rhumbline Advisers now owns 49,510 shares of the company’s stock valued at $284,000 after purchasing an additional 3,723 shares during the period. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 4,136 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Westrock Coffee during the second quarter valued at approximately $104,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

Insiders Place Their Bets

In other news, Director Joe T. Ford purchased 15,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $8.50 per share, with a total value of $127,500.00. Following the purchase, the director owned 273,000 shares in the company, valued at $2,320,500. This trade represents a 5.81% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders purchased 34,500 shares of company stock valued at $290,715 in the last three months. Corporate insiders own 25.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Stifel Nicolaus set a $8.00 price objective on Westrock Coffee in a report on Friday, May 8th. Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings upgraded Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Zacks Research upgraded Westrock Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Benchmark increased their price target on Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.00.

Westrock Coffee Stock Performance

WEST stock opened at $7.06 on Friday. Westrock Coffee Company has a 52 week low of $3.59 and a 52 week high of $10.19. The company has a market capitalization of $683.97 million, a price-to-earnings ratio of -9.41 and a beta of 0.90. The firm’s 50-day moving average is $7.94 and its two-hundred day moving average is $5.71.

Westrock Coffee (NASDAQ:WEST) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.09. Westrock Coffee had a negative net margin of 5.59% and a negative return on equity of 2,145.68%. The business had revenue of $308.83 million during the quarter, compared to analysts’ expectations of $285.12 million. On average, equities research analysts predict that Westrock Coffee Company will post -0.18 earnings per share for the current year.

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.