Key Points
- Director Joe Ford bought 55,000 Westrock Coffee shares on March 17 at an average price of $4.60 ($253,000), boosting his stake to 533,916 shares — an 11.48% increase in ownership.
- Westrock reported Q results with EPS of ($0.21), missing estimates and showing a negative net margin (7.61%) and ROE (-233.53%), though revenue topped expectations; analysts hold a consensus "Moderate Buy" with a $8 price target.
Westrock Coffee Company (NASDAQ:WEST - Get Free Report) Director Joe Ford bought 55,000 shares of the stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of $4.60 per share, with a total value of $253,000.00. Following the completion of the purchase, the director directly owned 533,916 shares of the company's stock, valued at approximately $2,456,013.60. This represents a 11.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Westrock Coffee Stock Up 0.4%
Shares of NASDAQ WEST opened at $4.54 on Wednesday. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.48 and a current ratio of 0.96. Westrock Coffee Company has a 1 year low of $3.59 and a 1 year high of $7.92. The stock's 50-day simple moving average is $4.58 and its 200-day simple moving average is $4.55. The firm has a market cap of $439.56 million, a price-to-earnings ratio of -4.78 and a beta of 0.49.
Westrock Coffee (NASDAQ:WEST - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $339.47 million during the quarter, compared to analysts' expectations of $317.40 million. As a group, equities analysts anticipate that Westrock Coffee Company will post -0.3 earnings per share for the current fiscal year.
Analysts Set New Price Targets
WEST has been the subject of several research analyst reports. Wall Street Zen upgraded Westrock Coffee from a "sell" rating to a "hold" rating in a research note on Saturday. Weiss Ratings restated a "sell (e+)" rating on shares of Westrock Coffee in a research note on Wednesday, January 21st. Stifel Nicolaus reduced their price objective on shares of Westrock Coffee from $10.00 to $7.00 and set a "buy" rating on the stock in a research note on Wednesday, March 11th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $7.00 price objective on shares of Westrock Coffee in a report on Monday, March 9th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Westrock Coffee currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.00.
Read Our Latest Report on Westrock Coffee
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Westrock Coffee by 199.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company's stock worth $36,000 after acquiring an additional 4,136 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Westrock Coffee by 79.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company's stock valued at $38,000 after acquiring an additional 3,439 shares in the last quarter. Waterloo Capital L.P. acquired a new stake in shares of Westrock Coffee during the 4th quarter valued at approximately $43,000. Mercer Global Advisors Inc. ADV bought a new position in Westrock Coffee during the fourth quarter worth $47,000. Finally, Hexagon Capital Partners LLC bought a new position in Westrock Coffee during the fourth quarter worth $48,000. Institutional investors own 45.08% of the company's stock.
Westrock Coffee Company Profile
(
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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