Joe Ford Purchases 3,000 Shares of Westrock Coffee (NASDAQ:WEST) Stock

Westrock Coffee Company (NASDAQ:WEST) Director Joe Ford acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average cost of $8.04 per share, for a total transaction of $24,120.00. Following the transaction, the director owned 544,916 shares of the company’s stock, valued at $4,381,124.64. This represents a 0.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Westrock Coffee Price Performance

Shares of NASDAQ WEST opened at $7.90 on Thursday. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.46 and a current ratio of 0.97. The company has a market cap of $765.35 million, a PE ratio of -10.53 and a beta of 0.90. The business has a 50-day simple moving average of $6.25 and a two-hundred day simple moving average of $5.04. Westrock Coffee Company has a fifty-two week low of $3.59 and a fifty-two week high of $8.98.

Westrock Coffee (NASDAQ:WEST) last issued 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. The business had revenue of $308.83 million during the quarter, compared to the consensus estimate of $285.13 million. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%. As a group, equities analysts expect that Westrock Coffee Company will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WEST has been the subject of several recent analyst reports. Benchmark raised their price target on Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Wall Street Zen upgraded Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Stifel Nicolaus set a $8.00 price objective on Westrock Coffee in a research note on Friday, May 8th. Telsey Advisory Group raised their price objective on Westrock Coffee from $7.00 to $9.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Zacks Research upgraded Westrock Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Westrock Coffee presently has a consensus rating of “Hold” and a consensus target price of $9.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in Westrock Coffee by 2.2% in the first quarter. Bank of America Corp DE now owns 69,801 shares of the company’s stock valued at $297,000 after acquiring an additional 1,477 shares during the period. Group One Trading LLC acquired a new position in Westrock Coffee in the first quarter valued at approximately $26,000. Hsbc Holdings PLC increased its position in shares of Westrock Coffee by 110.9% in the first quarter. Hsbc Holdings PLC now owns 29,811 shares of the company’s stock valued at $123,000 after buying an additional 15,676 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Westrock Coffee in the first quarter valued at approximately $1,203,000. Finally, Inspire Investing LLC increased its position in shares of Westrock Coffee by 8.1% in the first quarter. Inspire Investing LLC now owns 125,038 shares of the company’s stock valued at $531,000 after buying an additional 9,319 shares in the last quarter. 45.08% of the stock is owned by institutional investors and hedge funds.

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.