Westrock Coffee (NASDAQ:WEST) Director Joe T. Ford Purchases 25,000 Shares

Westrock Coffee (NASDAQ:WEST) Director Joe T. Ford acquired 25,000 shares of the stock in a transaction on Thursday, May 15th. The stock was bought at an average price of $7.44 per share, with a total value of $186,000.00. Following the completion of the acquisition, the director now directly owns 371,445 shares of the company’s stock, valued at $2,763,550.80. This trade represents a 7.22% increase in their ownership of the stock. The purchase 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 Monday. Westrock Coffee has a fifty-two week low of $5.28 and a fifty-two week high of $10.77. The company has a 50 day simple moving average of $6.38 and a two-hundred day simple moving average of $6.64. The company has a market capitalization of $738.75 million, a price-to-earnings ratio of -9.12 and a beta of 0.49. 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 announced its earnings results on Thursday, May 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.05). Westrock Coffee had a negative net margin of 9.05% and a negative return on equity of 20.72%. The business had revenue of $213.80 million for the quarter, compared to the consensus estimate of $213.85 million. Analysts expect that Westrock Coffee will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $9.00 price objective on shares of Westrock Coffee in a report on Tuesday, May 6th. Benchmark reaffirmed a “buy” rating and set a $10.00 target price on shares of Westrock Coffee in a research note on Wednesday, April 16th. Finally, Stifel Nicolaus decreased their target price on shares of Westrock Coffee from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Westrock Coffee has an average rating of “Buy” and a consensus price target of $10.40.

Institutional Investors Weigh In On Westrock Coffee

Several institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Westrock Coffee by 10.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company’s stock valued at $154,000 after acquiring an additional 2,003 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Westrock Coffee by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company’s stock valued at $1,827,000 after acquiring an additional 2,010 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Westrock Coffee by 23.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,418 shares of the company’s stock valued at $87,000 after acquiring an additional 2,588 shares in the last quarter. Swiss National Bank increased its position in shares of Westrock Coffee by 4.4% during the first quarter. Swiss National Bank now owns 73,000 shares of the company’s stock valued at $527,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Westrock Coffee by 6.6% during the fourth quarter. Barclays PLC now owns 61,159 shares of the company’s stock valued at $392,000 after acquiring an additional 3,802 shares in 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.