Westrock Coffee (NASDAQ:WEST) Director Joe Ford Acquires 15,000 Shares

Westrock Coffee Company (NASDAQ:WEST) Director Joe Ford purchased 15,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $8.50 per share, for a total transaction of $127,500.00. Following the completion of the acquisition, the director owned 273,000 shares of the company’s stock, valued at approximately $2,320,500. The trade was a 5.81% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Westrock Coffee Stock Up 1.1%

Shares of Westrock Coffee stock opened at $8.45 on Friday. The company has a debt-to-equity ratio of 37.87, a current ratio of 0.97 and a quick ratio of 0.48. Westrock Coffee Company has a 1 year low of $3.59 and a 1 year high of $8.98. The firm’s 50-day moving average is $5.20 and its two-hundred day moving average is $4.69. The stock has a market cap of $818.64 million, a price-to-earnings ratio of -11.27 and a beta of 0.78.

Westrock Coffee (NASDAQ:WEST) last issued its earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.09. Westrock Coffee had a negative net margin of 5.59% and a negative return on equity of 2,145.68%. The company had revenue of $308.83 million for the quarter, compared to analysts’ expectations of $285.13 million. As a group, research analysts expect that Westrock Coffee Company will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Westrock Coffee

Institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in shares of Westrock Coffee by 110.9% in the 1st 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. Group One Trading LLC bought a new stake in shares of Westrock Coffee in the 1st quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Westrock Coffee in the 1st quarter valued at about $1,203,000. Inspire Investing LLC boosted its holdings in shares of Westrock Coffee by 8.1% in the 1st 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. Finally, Piedmont Capital Management LLC NC bought a new stake in shares of Westrock Coffee in the 4th quarter valued at about $645,000. 45.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on WEST shares. Zacks Research upgraded shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Stifel Nicolaus set a $8.00 target price on shares of Westrock Coffee in a report on Friday, May 8th. Benchmark increased their target price on shares of Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Telsey Advisory Group increased their target price on shares of Westrock Coffee from $7.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Westrock Coffee currently has a consensus rating of “Hold” and an average target price of $9.00.

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.