Key Points
- CEO Scott Ford bought 100,000 shares at an average of $4.35 (≈$435,000), increasing his stake to 23,263,104 shares (a 0.43% rise) valued at about $101.19 million.
- Shares are trading down ~6.4% (opened $3.92) with a market cap of $371.3 million; the stock shows weak fundamentals with quarterly EPS of −$0.05, negative ROE and net margin, and 50-/200-day moving averages of $4.79 and $5.91.
- Analyst sentiment is mixed but leans positive (consensus "Moderate Buy" and $9 price target) while institutional investors own roughly 45% of the company.
Westrock Coffee Company (NASDAQ:WEST - Get Free Report) CEO Scott Ford purchased 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average cost of $4.35 per share, with a total value of $435,000.00. Following the completion of the transaction, the chief executive officer owned 23,263,104 shares in the company, valued at $101,194,502.40. This trade represents a 0.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Westrock Coffee Trading Down 6.4%
NASDAQ:WEST opened at $3.92 on Thursday. The business's 50-day moving average is $4.79 and its two-hundred day moving average is $5.91. The firm has a market capitalization of $371.26 million, a PE ratio of -4.00 and a beta of 0.47. Westrock Coffee Company has a 12 month low of $3.59 and a 12 month high of $8.29. The company has a debt-to-equity ratio of 37.87, a current ratio of 1.02 and a quick ratio of 0.47.
Westrock Coffee (NASDAQ:WEST - Get Free Report) last posted its earnings results 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%. Research analysts predict that Westrock Coffee Company will post -0.3 earnings per share for the current fiscal year.
Institutional Trading of Westrock Coffee
A number of hedge funds have recently made changes to their positions in WEST. EverSource Wealth Advisors LLC raised its holdings in Westrock Coffee by 199.0% in the second quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company's stock valued at $36,000 after acquiring an additional 4,136 shares in the last quarter. HHM Wealth Advisors LLC grew its holdings in Westrock Coffee by 130.9% during the 1st quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company's stock worth $58,000 after acquiring an additional 4,580 shares in the last quarter. State of Wyoming bought a new stake in shares of Westrock Coffee in the 1st quarter worth about $62,000. Magnetar Financial LLC bought a new stake in shares of Westrock Coffee in the 2nd quarter worth about $65,000. Finally, Savant Capital LLC acquired a new stake in shares of Westrock Coffee in the 2nd quarter valued at about $76,000. Institutional investors and hedge funds own 45.08% of the company's stock.
Analysts Set New Price Targets
WEST has been the topic of a number of recent research reports. Wall Street Zen raised shares of Westrock Coffee from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Telsey Advisory Group dropped their price target on shares of Westrock Coffee from $10.00 to $7.00 and set an "outperform" rating on the stock in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Westrock Coffee in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Westrock Coffee currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.00.
Read Our Latest Stock Analysis on WEST
About Westrock Coffee
(
Get Free Report)
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.
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