Insider Buying: Westrock Coffee (NASDAQ:WEST) Director Buys 24,000 Shares of Stock

Westrock Coffee Company (NASDAQ:WEST) Director Robert Patrick Kruczek purchased 24,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average cost of $4.12 per share, with a total value of $98,880.00. Following the completion of the acquisition, the director directly owned 212,211 shares of the company’s stock, valued at $874,309.32. This represents a 12.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, November 19th, Robert Patrick Kruczek acquired 47,000 shares of Westrock Coffee stock. The shares were bought at an average price of $4.25 per share, with a total value of $199,750.00.
• On Tuesday, November 18th, Robert Patrick Kruczek bought 79,000 shares of Westrock Coffee stock. The stock was purchased at an average price of $4.08 per share, for a total transaction of $322,320.00.
• On Monday, November 17th, Robert Patrick Kruczek purchased 24,000 shares of Westrock Coffee stock. The stock was bought at an average price of $4.12 per share, with a total value of $98,880.00.

Westrock Coffee Stock Down 2.1%

WEST stock traded down $0.09 during mid-day trading on Wednesday, hitting $4.17. 510,521 shares of the company were exchanged, compared to its average volume of 380,349. The company has a market capitalization of $403.74 million, a PE ratio of -4.26 and a beta of 0.47. Westrock Coffee Company has a twelve month low of $3.59 and a twelve month high of $8.29. The firm has a fifty day simple moving average of $4.71 and a 200 day simple moving average of $5.86. The company has a current ratio of 1.02, a quick ratio of 0.47 and a debt-to-equity ratio of 37.87.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). The business had revenue of $354.83 million during the quarter, compared to analyst estimates of $281.54 million. Westrock Coffee had a negative return on equity of 98.07% and a negative net margin of 8.58%. On average, research analysts forecast that Westrock Coffee Company will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Westrock Coffee

A number of hedge funds and other institutional investors have recently bought and sold shares of WEST. Verition Fund Management LLC lifted its holdings in Westrock Coffee by 89.1% during the 3rd quarter. Verition Fund Management LLC now owns 45,701 shares of the company’s stock valued at $222,000 after purchasing an additional 21,533 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new position in shares of Westrock Coffee during the third quarter worth approximately $110,000. Millennium Management LLC raised its holdings in Westrock Coffee by 4.1% in the 3rd quarter. Millennium Management LLC now owns 320,282 shares of the company’s stock valued at $1,557,000 after acquiring an additional 12,728 shares in the last quarter. Bank of America Corp DE lifted its position in Westrock Coffee by 28.5% during the third quarter. Bank of America Corp DE now owns 61,963 shares of the company’s stock worth $301,000 after purchasing an additional 13,735 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Westrock Coffee by 10.1% during the 3rd quarter. Alliancebernstein L.P. now owns 31,720 shares of the company’s stock worth $154,000 after acquiring an additional 2,900 shares in the last quarter. Institutional investors own 45.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on WEST shares. Wall Street Zen upgraded Westrock Coffee from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Westrock Coffee in a report on Wednesday, October 8th. Telsey Advisory Group decreased their price objective on Westrock Coffee from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Finally, Benchmark reaffirmed a “buy” rating on shares of Westrock Coffee in a report on Friday. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

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.