Westrock Coffee (NASDAQ:WEST) Director Purchases $199,750.00 in Stock

Westrock Coffee Company (NASDAQ:WEST) Director Robert Patrick Kruczek purchased 47,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was purchased at an average price of $4.25 per share, for a total transaction of $199,750.00. Following the purchase, the director directly owned 338,211 shares of the company’s stock, valued at $1,437,396.75. This trade represents a 16.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Westrock Coffee Trading Down 1.7%

NASDAQ:WEST opened at $4.11 on Friday. The stock has a market cap of $397.93 million, a price-to-earnings ratio of -4.19 and a beta of 0.47. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.47 and a current ratio of 1.02. Westrock Coffee Company has a 1 year low of $3.59 and a 1 year high of $8.29. The business has a fifty day moving average of $4.64 and a 200-day moving average of $5.82.

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

Analyst Upgrades and Downgrades

WEST has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Westrock Coffee in a research note on Wednesday, October 8th. Telsey Advisory Group dropped their price objective on Westrock Coffee from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Benchmark restated a “buy” rating on shares of Westrock Coffee in a report on Friday, November 14th. Finally, Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a report 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Hedge Funds Weigh In On Westrock Coffee

A number of institutional investors have recently bought and sold shares of WEST. EverSource Wealth Advisors LLC lifted its stake in Westrock Coffee by 199.0% during the second 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 position in shares of Westrock Coffee by 79.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock valued at $38,000 after acquiring an additional 3,439 shares in the last quarter. HHM Wealth Advisors LLC boosted its stake in Westrock Coffee by 130.9% in the 1st quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company’s stock worth $58,000 after purchasing an additional 4,580 shares during the period. State of Wyoming purchased a new position in Westrock Coffee during the 1st quarter worth approximately $62,000. Finally, Magnetar Financial LLC purchased a new position in Westrock Coffee during the 2nd quarter worth approximately $65,000. Hedge funds and other 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.