Key Points
- Director Joe Ford bought 15,000 shares of Westrock Coffee at $8.50 each, spending $127,500 and increasing his ownership by 5.81% to 273,000 shares.
- Westrock Coffee recently reported quarterly EPS of -$0.04, beating expectations, and revenue of $308.83 million, also above analyst estimates.
- Analysts currently have a Hold consensus on WEST, with an average price target of $9.00, while shares recently traded near their 52-week high.
Westrock Coffee Company (NASDAQ:WEST - Get Free Report) Director Joe Ford purchased 8,500 shares of the company's stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $8.43 per share, for a total transaction of $71,655.00. Following the completion of the purchase, the director directly owned 258,000 shares in the company, valued at $2,174,940. This represents a 3.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Westrock Coffee Stock Performance
Shares of WEST stock opened at $8.45 on Friday. The stock has a market capitalization of $818.64 million, a P/E ratio of -11.27 and a beta of 0.78. The company has a current ratio of 0.97, a quick ratio of 0.48 and a debt-to-equity ratio of 37.87. The firm's 50 day moving average is $5.20 and its 200 day moving average is $4.69. Westrock Coffee Company has a 12 month low of $3.59 and a 12 month high of $8.98.
Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.09. The company had revenue of $308.83 million for the quarter, compared to analysts' expectations of $285.13 million. Westrock Coffee had a negative net margin of 5.59% and a negative return on equity of 2,145.68%. On average, sell-side analysts anticipate that Westrock Coffee Company will post -0.18 earnings per share for the current year.
Wall Street Analyst Weigh In
WEST has been the topic of a number of analyst reports. Telsey Advisory Group upped 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. Benchmark upped 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. Zacks Research raised 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. Finally, Wall Street Zen raised shares of Westrock Coffee from a "sell" rating to a "hold" rating in a report on Saturday, March 14th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $9.00.
Read Our Latest Report on WEST
Institutional Trading of Westrock Coffee
Several institutional investors and hedge funds have recently made changes to their positions in the stock. NFC Investments LLC raised its position in shares of 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 buying an additional 81,730 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Westrock Coffee by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,984,114 shares of the company's stock valued at $14,503,000 after buying an additional 14,707 shares in the last quarter. Agman Capital LLC purchased a new stake in shares of Westrock Coffee during the 4th quarter valued at $3,007,000. Millennium Management LLC raised its position in shares of Westrock Coffee by 111.2% during the 4th quarter. Millennium Management LLC now owns 676,400 shares of the company's stock valued at $2,753,000 after buying an additional 356,118 shares in the last quarter. Finally, CastleKnight Management LP raised its position in shares of Westrock Coffee by 44.8% during the 4th quarter. CastleKnight Management LP now owns 575,000 shares of the company's stock valued at $2,340,000 after buying an additional 178,020 shares in the last quarter. Hedge funds and other 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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