Joe T. Ford Acquires 70,000 Shares of Westrock Coffee (NASDAQ:WEST) Stock

Westrock Coffee (NASDAQ:WEST) Director Joe T. Ford bought 70,000 shares of the stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average price of $7.47 per share, for a total transaction of $522,900.00. Following the completion of the transaction, the director now owns 346,445 shares of the company’s stock, valued at approximately $2,587,944.15. The trade was a 25.32% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Westrock Coffee Price Performance

Shares of NASDAQ WEST opened at $7.84 on Friday. The firm has a market capitalization of $738.75 million, a P/E ratio of -9.12 and a beta of 0.49. Westrock Coffee has a one year low of $5.28 and a one year high of $10.77. The company’s fifty day moving average is $6.38 and its two-hundred day moving average is $6.64. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39.

Westrock Coffee (NASDAQ:WEST) last issued its earnings results on Thursday, May 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The company had revenue of $213.80 million for the quarter, compared to analysts’ expectations of $213.85 million. Westrock Coffee had a negative return on equity of 20.72% and a negative net margin of 9.05%. Analysts forecast that Westrock Coffee will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

WEST has been the topic of a number of analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $9.00 price objective on shares of Westrock Coffee in a research report on Tuesday, May 6th. Stifel Nicolaus lowered their price objective on shares of Westrock Coffee from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Westrock Coffee in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $10.40.

Institutional Investors Weigh In On Westrock Coffee

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in shares of Westrock Coffee during the 4th quarter worth $37,000. KLP Kapitalforvaltning AS acquired a new position in shares of Westrock Coffee during the 4th quarter worth $47,000. HHM Wealth Advisors LLC raised its stake in shares of Westrock Coffee by 130.9% during the 1st quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company’s stock worth $58,000 after buying an additional 4,580 shares during the last quarter. State of Wyoming acquired a new position in shares of Westrock Coffee during the 1st quarter worth $62,000. Finally, Trexquant Investment LP acquired a new position in shares of Westrock Coffee during the 1st quarter worth $83,000. 45.08% of the stock is currently owned by hedge funds and other institutional investors.

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.