Fuller & Thaler Asset Management Inc. Takes Position in Westrock Coffee Company $WEST

Key Points

• Fuller & Thaler Asset Management Inc. acquired a new stake in Westrock Coffee Company, purchasing 46,590 shares valued at approximately $336,000 during the 1st quarter.
• Several other institutional investors, including Millennium Management and Raymond James Financial, have significantly increased their stakes in Westrock Coffee, indicating strong institutional interest.
• Equities analysts have mixed ratings for the stock, with Wall Street Zen downgrading it to a "sell," while the average price target is set at $10.60, reflecting a consensus "buy" rating.

Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Westrock Coffee Company (NASDAQ:WEST - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 46,590 shares of the company's stock, valued at approximately $336,000.

Several other large investors have also bought and sold shares of WEST. BNP Paribas Financial Markets purchased a new position in Westrock Coffee during the fourth quarter valued at approximately $37,000. HHM Wealth Advisors LLC grew its holdings in shares of Westrock Coffee by 130.9% in the first quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company's stock worth $58,000 after purchasing an additional 4,580 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Westrock Coffee by 23.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,418 shares of the company's stock worth $87,000 after purchasing an additional 2,588 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Westrock Coffee during the 4th quarter worth about $95,000. Finally, Paragon Advisors LLC bought a new position in Westrock Coffee during the 1st quarter worth about $99,000. 45.08% of the stock is owned by hedge funds and other institutional investors.

Westrock Coffee Stock Performance

WEST stock traded down $0.03 during mid-day trading on Wednesday, reaching $5.90. The company had a trading volume of 156,256 shares, compared to its average volume of 320,421. Westrock Coffee Company has a one year low of $5.28 and a one year high of $9.70. The stock's 50-day simple moving average is $6.41 and its two-hundred day simple moving average is $6.49. The company has a quick ratio of 0.50, a current ratio of 1.04 and a debt-to-equity ratio of 23.42. The stock has a market capitalization of $558.79 million, a P/E ratio of -6.24 and a beta of 0.53.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.02. Westrock Coffee had a negative return on equity of 64.79% and a negative net margin of 9.28%.The firm had revenue of $280.86 million for the quarter, compared to analysts' expectations of $238.34 million. Research analysts anticipate that Westrock Coffee Company will post -0.3 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on WEST. Wall Street Zen raised shares of Westrock Coffee from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $10.00 price target on shares of Westrock Coffee in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $10.60.

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.