Cresset Asset Management LLC Purchases New Stake in Westrock Coffee (NASDAQ:WEST)

Cresset Asset Management LLC purchased a new position in Westrock Coffee (NASDAQ:WEST - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,000 shares of the company's stock, valued at approximately $353,000. Cresset Asset Management LLC owned approximately 0.06% of Westrock Coffee as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in Westrock Coffee by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company's stock worth $1,827,000 after acquiring an additional 2,010 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Westrock Coffee by 23.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,418 shares of the company's stock valued at $87,000 after purchasing an additional 2,588 shares during the period. Barclays PLC increased its position in shares of Westrock Coffee by 6.6% during the 4th quarter. Barclays PLC now owns 61,159 shares of the company's stock valued at $392,000 after purchasing an additional 3,802 shares during the last quarter. Arvest Bank Trust Division lifted its position in Westrock Coffee by 28.4% in the fourth quarter. Arvest Bank Trust Division now owns 22,635 shares of the company's stock worth $145,000 after buying an additional 5,000 shares during the last quarter. Finally, Townsquare Capital LLC boosted its stake in Westrock Coffee by 46.6% during the fourth quarter. Townsquare Capital LLC now owns 16,133 shares of the company's stock worth $104,000 after buying an additional 5,131 shares during the period. Institutional investors own 45.08% of the company's stock.

Insider Buying and Selling at Westrock Coffee

In related news, Director Joe T. Ford acquired 10,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were bought at an average price of $7.35 per share, with a total value of $73,500.00. Following the completion of the purchase, the director now owns 276,445 shares of the company's stock, valued at approximately $2,031,870.75. This represents a 3.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William A. Ford purchased 15,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was purchased at an average cost of $6.45 per share, with a total value of $96,750.00. Following the purchase, the chief operating officer now owns 476,190 shares in the company, valued at approximately $3,071,425.50. This trade represents a 3.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 120,000 shares of company stock valued at $879,150 over the last ninety days. Corporate insiders own 42.10% of the company's stock.

Westrock Coffee Stock Performance

NASDAQ:WEST traded down $0.06 during trading hours on Thursday, hitting $7.21. 65,813 shares of the company were exchanged, compared to its average volume of 298,318. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73. The company's 50 day moving average price is $6.47 and its 200-day moving average price is $6.65. Westrock Coffee has a 52-week low of $5.28 and a 52-week high of $10.77. The stock has a market capitalization of $678.91 million, a price-to-earnings ratio of -8.38 and a beta of 0.49.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.05). Westrock Coffee had a negative return on equity of 20.72% and a negative net margin of 9.05%. The firm had revenue of $213.80 million for the quarter, compared to analyst estimates of $213.85 million. As a group, research analysts forecast that Westrock Coffee will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Benchmark reiterated a "buy" rating and set a $10.00 price target on shares of Westrock Coffee in a report on Wednesday, April 16th. Stifel Nicolaus reduced their price target on Westrock Coffee from $12.00 to $10.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $9.00 target price on shares of Westrock Coffee in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $10.40.

Westrock Coffee Profile

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.