Westrock Coffee (NASDAQ:WEST) Director Joe Ford Buys 8,500 Shares of Stock

Westrock Coffee Company (NASDAQ:WEST) Director Joe Ford acquired 8,500 shares of Westrock Coffee stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $8.43 per share, with a total value of $71,655.00. Following the completion of the acquisition, the director directly owned 258,000 shares of the company’s stock, valued at approximately $2,174,940. The trade was a 3.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Westrock Coffee Stock Up 1.1%

Shares of NASDAQ WEST opened at $8.45 on Friday. Westrock Coffee Company has a 1 year low of $3.59 and a 1 year high of $8.98. The stock has a market capitalization of $818.64 million, a P/E ratio of -11.27 and a beta of 0.78. The company has a 50-day moving average price of $5.20 and a 200-day moving average price of $4.69. The company has a debt-to-equity ratio of 37.87, a current ratio of 0.97 and a quick ratio of 0.48.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share 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 business had revenue of $308.83 million for the quarter, compared to analysts’ expectations of $285.13 million. On average, equities research analysts forecast that Westrock Coffee Company will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WEST. Weiss Ratings upgraded shares of Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Zacks Research upgraded shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Benchmark boosted their target price on shares of Westrock Coffee from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus set a $8.00 target price on shares of Westrock Coffee in a research note on Friday, May 8th. Finally, Telsey Advisory Group boosted 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. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC purchased a new position in Westrock Coffee in the first quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its stake in shares of Westrock Coffee by 199.0% during the 2nd 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 in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Westrock Coffee by 79.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock valued at $38,000 after buying an additional 3,439 shares in the last quarter. Waterloo Capital L.P. purchased a new stake in shares of Westrock Coffee during the 4th quarter valued at approximately $43,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Westrock Coffee during the 4th quarter valued at approximately $47,000. 45.08% of the stock is currently owned by hedge funds and other institutional investors.

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.