Westrock Coffee (NASDAQ:WEST) Director Purchases 47,000 Shares

Westrock Coffee Company (NASDAQ:WEST) Director Robert Patrick Kruczek bought 47,000 shares of Westrock Coffee stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average price of $4.25 per share, with a total value of $199,750.00. Following the acquisition, the director directly owned 338,211 shares of the company’s stock, valued at approximately $1,437,396.75. This represents a 16.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Robert Patrick Kruczek also recently made the following trade(s):

• On Tuesday, November 18th, Robert Patrick Kruczek purchased 79,000 shares of Westrock Coffee stock. The shares were acquired at an average price of $4.08 per share, for a total transaction of $322,320.00.
• On Monday, November 17th, Robert Patrick Kruczek purchased 24,000 shares of Westrock Coffee stock. The shares were acquired at an average cost of $4.12 per share, for a total transaction of $98,880.00.
• On Monday, November 17th, Robert Patrick Kruczek acquired 24,000 shares of Westrock Coffee stock. The stock was acquired at an average cost of $4.12 per share, with a total value of $98,880.00.

Westrock Coffee Stock Down 2.1%

NASDAQ:WEST traded down $0.09 on Wednesday, hitting $4.17. 510,521 shares of the company’s stock traded hands, compared to its average volume of 380,349. The company has a market cap of $403.74 million, a PE ratio of -4.26 and a beta of 0.47. Westrock Coffee Company has a 1 year low of $3.59 and a 1 year high of $8.29. The company has a current ratio of 1.02, a quick ratio of 0.47 and a debt-to-equity ratio of 37.87. The firm has a 50-day moving average price of $4.71 and a 200-day moving average price of $5.86.

Westrock Coffee (NASDAQ:WEST) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). Westrock Coffee had a negative net margin of 8.58% and a negative return on equity of 98.07%. The business had revenue of $354.83 million during the quarter, compared to analysts’ expectations of $281.54 million. Equities analysts anticipate that Westrock Coffee Company will post -0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WEST has been the subject of a number of recent research reports. Benchmark reaffirmed a “buy” rating on shares of Westrock Coffee in a research note on Friday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Westrock Coffee in a research report on Wednesday, October 8th. Telsey Advisory Group reduced their target price on shares of Westrock Coffee from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Finally, Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Westrock Coffee currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Institutional Investors Weigh In On Westrock Coffee

A number of large investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC grew its holdings in Westrock Coffee by 89.1% during the third quarter. Verition Fund Management LLC now owns 45,701 shares of the company’s stock valued at $222,000 after purchasing an additional 21,533 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Westrock Coffee during the 3rd quarter worth $110,000. Millennium Management LLC grew its stake in Westrock Coffee by 4.1% in the 3rd quarter. Millennium Management LLC now owns 320,282 shares of the company’s stock valued at $1,557,000 after buying an additional 12,728 shares during the last quarter. Bank of America Corp DE raised its holdings in Westrock Coffee by 28.5% in the 3rd quarter. Bank of America Corp DE now owns 61,963 shares of the company’s stock worth $301,000 after acquiring an additional 13,735 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Westrock Coffee by 10.1% during the 3rd quarter. Alliancebernstein L.P. now owns 31,720 shares of the company’s stock worth $154,000 after acquiring an additional 2,900 shares during the last quarter. Institutional investors own 45.08% of the company’s stock.

About Westrock Coffee

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.