Westrock Coffee Company (NASDAQ:WEST - Get Free Report) Director Joe Ford purchased 45,000 shares of Westrock Coffee stock in a transaction on Friday, March 13th. The stock was bought at an average price of $3.92 per share, with a total value of $176,400.00. Following the completion of the acquisition, the director directly owned 478,916 shares of the company's stock, valued at approximately $1,877,350.72. This trade represents a 10.37% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Westrock Coffee Price Performance
Shares of NASDAQ WEST opened at $4.52 on Tuesday. The firm's 50-day moving average price is $4.57 and its 200-day moving average price is $4.56. Westrock Coffee Company has a 1-year low of $3.59 and a 1-year high of $7.92. The firm has a market capitalization of $437.63 million, a P/E ratio of -4.76 and a beta of 0.50. The company has a current ratio of 0.96, a quick ratio of 0.48 and a debt-to-equity ratio of 37.87.
Westrock Coffee (NASDAQ:WEST - Get Free Report) last issued its earnings results on Tuesday, March 10th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.11). Westrock Coffee had a negative net margin of 7.61% and a negative return on equity of 233.53%. The firm had revenue of $339.47 million during the quarter, compared to analyst estimates of $317.40 million. Equities research analysts anticipate that Westrock Coffee Company will post -0.3 earnings per share for the current fiscal year.
Institutional Trading of Westrock Coffee
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NFC Investments LLC lifted its stake in Westrock Coffee by 2.0% during the 3rd quarter. NFC Investments LLC now owns 4,089,711 shares of the company's stock valued at $19,876,000 after acquiring an additional 81,730 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Westrock Coffee by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,984,114 shares of the company's stock worth $14,503,000 after acquiring an additional 14,707 shares in the last quarter. Agman Capital LLC purchased a new stake in shares of Westrock Coffee in the fourth quarter valued at about $3,007,000. Millennium Management LLC lifted its position in shares of Westrock Coffee by 111.2% during the fourth quarter. Millennium Management LLC now owns 676,400 shares of the company's stock valued at $2,753,000 after purchasing an additional 356,118 shares in the last quarter. Finally, CastleKnight Management LP lifted its position in shares of Westrock Coffee by 44.8% during the fourth quarter. CastleKnight Management LP now owns 575,000 shares of the company's stock valued at $2,340,000 after purchasing an additional 178,020 shares in the last quarter. 45.08% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on WEST. Wall Street Zen raised Westrock Coffee from a "sell" rating to a "hold" rating in a research note on Saturday. Telsey Advisory Group reaffirmed an "outperform" rating and set a $7.00 target price on shares of Westrock Coffee in a research report on Monday, March 9th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Westrock Coffee in a report on Wednesday, January 21st. Finally, Stifel Nicolaus reduced their price target on shares of Westrock Coffee from $10.00 to $7.00 and set a "buy" rating for the company in a research report on Wednesday, March 11th. 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $8.00.
Read Our Latest Research Report on Westrock Coffee
About Westrock Coffee
(
Get Free Report)
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.
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