Westrock Coffee (NASDAQ:WEST) Reaches New 12-Month High – Here’s What Happened

Westrock Coffee Company (NASDAQ:WEST) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.13 and last traded at $8.93, with a volume of 1318628 shares traded. The stock had previously closed at $7.98.

Wall Street Analysts Forecast Growth

WEST has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Benchmark increased their target price on shares of Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Telsey Advisory Group lifted their target price on shares of Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Zacks Research raised shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Stifel Nicolaus set a $8.00 price objective on Westrock Coffee in a report on Friday, May 8th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.00.

Westrock Coffee Stock Up 11.9%

The business has a fifty day moving average of $6.65 and a 200 day moving average of $5.18. The stock has a market cap of $865.13 million, a price-to-earnings ratio of -11.91 and a beta of 0.90. The company has a debt-to-equity ratio of 37.87, a current ratio of 0.97 and a quick ratio of 0.46.

Westrock Coffee (NASDAQ:WEST) last posted its earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, topping 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 company had revenue of $308.83 million during the quarter, compared to the consensus estimate of $285.13 million. On average, equities analysts predict that Westrock Coffee Company will post -0.18 earnings per share for the current year.

Insider Transactions at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $8.50 per share, for a total transaction of $127,500.00. Following the completion of the acquisition, the director owned 273,000 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Insiders have acquired 134,500 shares of company stock valued at $720,115 in the last three months. Corporate insiders own 25.40% of the company’s stock.

Institutional Trading of Westrock Coffee

Large investors have recently made changes to their positions in the stock. Group One Trading LLC acquired a new position in shares of Westrock Coffee during the 1st quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Westrock Coffee by 199.0% in the 2nd 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 lifted its holdings in Westrock Coffee by 79.2% in the 3rd 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 during the last quarter. Waterloo Capital L.P. bought a new stake in Westrock Coffee during the fourth quarter worth approximately $43,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Westrock Coffee during the fourth quarter worth approximately $47,000. Institutional investors own 45.08% of the company’s stock.

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.