Westrock Coffee (NASDAQ:WEST) Director Joe Ford Purchases 45,000 Shares

Westrock Coffee Company (NASDAQ:WEST) Director Joe Ford acquired 45,000 shares of Westrock Coffee stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $3.92 per share, for a total transaction of $176,400.00. Following the completion of the purchase, the director directly owned 478,916 shares of the company’s stock, valued at $1,877,350.72. This represents a 10.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Westrock Coffee Stock Up 6.1%

Shares of NASDAQ WEST opened at $4.52 on Tuesday. The company has a market cap of $437.63 million, a price-to-earnings 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 Company has a 12 month low of $3.59 and a 12 month high of $7.92. The stock has a 50-day moving average price of $4.57 and a two-hundred day moving average price of $4.56.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings data on Tuesday, March 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11). Westrock Coffee had a negative return on equity of 233.53% and a negative net margin of 7.61%.The company had revenue of $339.47 million for the quarter, compared to analyst estimates of $317.40 million. As a group, analysts forecast that Westrock Coffee Company will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Westrock Coffee in a research report on Wednesday, January 21st. Telsey Advisory Group reissued an “outperform” rating and set a $7.00 price target on shares of Westrock Coffee in a research note on Monday, March 9th. Finally, Stifel Nicolaus reduced their price target on Westrock Coffee from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Institutional Investors Weigh In On Westrock Coffee

Large investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV bought a new stake in Westrock Coffee in the fourth quarter worth approximately $47,000. Susquehanna Portfolio Strategies LLC bought a new position in shares of Westrock Coffee during the 4th quarter worth approximately $289,000. Private Capital Management LLC boosted its holdings in shares of Westrock Coffee by 33.3% during the 4th quarter. Private Capital Management LLC now owns 60,000 shares of the company’s stock worth $244,000 after buying an additional 15,000 shares in the last quarter. Millennium Management LLC grew 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 worth $2,753,000 after buying an additional 356,118 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Westrock Coffee by 21.6% during the 4th quarter. Inspire Investing LLC now owns 115,719 shares of the company’s stock worth $471,000 after buying an additional 20,522 shares during the period. Institutional investors and hedge funds own 45.08% of the company’s stock.

About Westrock Coffee

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.