Key Points
- CEO Scott Ford bought 100,000 shares on Dec. 10 at $4.14 each (about $414,000), increasing his stake by 24.61% to 506,401 shares valued at roughly $2.10M.
- Westrock trades around $4.19 with a market cap of about $405.7M, but has negative earnings and margins (recent quarter EPS -$0.05, net margin -8.58%, ROE -98.07%); analysts give a consensus "Moderate Buy" and an average target of $9.00.
- Institutional investors own ~45.08% of the stock, with recent position increases from firms including Vanguard, Jane Street and new stakes by Krilogy and Nuveen.
Westrock Coffee Company (NASDAQ:WEST - Get Free Report) CEO Scott Ford bought 100,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were purchased at an average price of $4.14 per share, with a total value of $414,000.00. Following the completion of the acquisition, the chief executive officer directly owned 506,401 shares in the company, valued at $2,096,500.14. This trade represents a 24.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Westrock Coffee Stock Up 0.2%
Shares of NASDAQ:WEST opened at $4.19 on Friday. The firm has a market capitalization of $405.68 million, a PE ratio of -4.28 and a beta of 0.47. Westrock Coffee Company has a 1 year low of $3.59 and a 1 year high of $7.92. The company has a debt-to-equity ratio of 37.87, a current ratio of 1.02 and a quick ratio of 0.47. The firm's 50-day moving average is $4.41 and its two-hundred day moving average is $5.53.
Westrock Coffee (NASDAQ:WEST - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate 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 net margin of 8.58% and a negative return on equity of 98.07%. Analysts predict that Westrock Coffee Company will post -0.3 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on WEST shares. Telsey Advisory Group reduced 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. Wall Street Zen raised Westrock Coffee from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Weiss Ratings reissued a "sell (e+)" rating on shares of Westrock Coffee in a research report on Wednesday, October 8th. Finally, Benchmark reaffirmed a "buy" rating on shares of Westrock Coffee in a report on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Westrock Coffee currently has an average rating of "Moderate Buy" and an average target price of $9.00.
Get Our Latest Report on WEST
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Krilogy Financial LLC purchased a new stake in Westrock Coffee during the second quarter worth approximately $1,146,000. Vanguard Group Inc. grew its position in shares of Westrock Coffee by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company's stock valued at $21,304,000 after buying an additional 137,646 shares during the last quarter. Jane Street Group LLC increased its position in shares of Westrock Coffee by 1,019.7% during the second quarter. Jane Street Group LLC now owns 116,451 shares of the company's stock worth $667,000 after purchasing an additional 106,051 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Westrock Coffee in the 3rd quarter valued at about $463,000. Finally, Nuveen LLC purchased a new position in Westrock Coffee during the 1st quarter worth approximately $680,000. Hedge funds and other institutional investors own 45.08% of the company's stock.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
