Insider Buying: Westrock Coffee (NASDAQ:WEST) Director Purchases $24,120.00 in Stock

Westrock Coffee Company (NASDAQ:WEST) Director Joe Ford purchased 3,000 shares of Westrock Coffee stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average cost of $8.04 per share, with a total value of $24,120.00. Following the acquisition, the director directly owned 544,916 shares in the company, valued at $4,381,124.64. This trade represents a 0.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Westrock Coffee Price Performance

Shares of Westrock Coffee stock opened at $7.51 on Friday. The business has a 50 day simple moving average of $6.32 and a two-hundred day simple moving average of $5.07. Westrock Coffee Company has a 12 month low of $3.59 and a 12 month high of $8.98. The stock has a market capitalization of $727.56 million, a P/E ratio of -10.01 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 announced its earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%.The business had revenue of $308.83 million during the quarter, compared to analysts’ expectations of $285.13 million. As a group, analysts predict that Westrock Coffee Company will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Westrock Coffee

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Group One Trading LLC acquired a new stake in shares of Westrock Coffee in the first quarter valued at approximately $26,000. EverSource Wealth Advisors LLC increased its holdings in shares of Westrock Coffee by 199.0% in the second quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock valued at $36,000 after purchasing an additional 4,136 shares during the last quarter. BNP Paribas Financial Markets increased 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 valued at $38,000 after purchasing an additional 3,439 shares during the last quarter. Waterloo Capital L.P. acquired a new stake in shares of Westrock Coffee in the fourth quarter valued at approximately $43,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Westrock Coffee in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WEST. Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Benchmark increased their target price on Westrock Coffee from $8.00 to $10.00 and gave the company a “buy” rating in a report on Monday, May 11th. Zacks Research raised Westrock Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings raised Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Finally, Stifel Nicolaus set a $8.00 target price on Westrock Coffee in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.00.

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.