Insider Buying: Westrock Coffee (NASDAQ:WEST) Director Acquires 15,000 Shares of Stock

Westrock Coffee Company (NASDAQ:WEST) Director Joe Ford bought 15,000 shares of Westrock Coffee stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $8.50 per share, for a total transaction of $127,500.00. Following the purchase, the director owned 273,000 shares in the company, valued at $2,320,500. This represents a 5.81% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Westrock Coffee Price Performance

WEST stock traded up $0.09 on Friday, reaching $8.45. The company had a trading volume of 816,764 shares, compared to its average volume of 466,167. Westrock Coffee Company has a 1 year low of $3.59 and a 1 year high of $8.98. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.48 and a current ratio of 0.97. The company’s fifty day moving average is $5.11 and its 200 day moving average is $4.66. The company has a market cap of $818.64 million, a P/E ratio of -11.27 and a beta of 0.78.

Westrock Coffee (NASDAQ:WEST) last posted its earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%.The firm had revenue of $308.83 million for the quarter, compared to analyst estimates of $285.13 million. On average, research analysts forecast that Westrock Coffee Company will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WEST shares. Zacks Research raised Westrock Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday. Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings raised Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Benchmark upped their target price on Westrock Coffee from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Monday. Finally, Telsey Advisory Group upped their target price on Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Red Door Wealth Management LLC raised its holdings in Westrock Coffee by 7.7% in the 1st quarter. Red Door Wealth Management LLC now owns 28,000 shares of the company’s stock valued at $119,000 after acquiring an additional 2,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Westrock Coffee by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company’s stock valued at $154,000 after acquiring an additional 2,003 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Westrock Coffee by 14.9% in the 4th quarter. MetLife Investment Management LLC now owns 20,863 shares of the company’s stock valued at $85,000 after acquiring an additional 2,704 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Westrock Coffee by 10.1% in the 3rd quarter. Alliancebernstein L.P. now owns 31,720 shares of the company’s stock valued at $154,000 after acquiring an additional 2,900 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Westrock Coffee by 79.2% in 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 during the last quarter. 45.08% of the stock is currently owned by institutional investors and hedge funds.

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.