94,215 Shares in Westrock Coffee Company $WEST Purchased by Nuveen LLC

Key Points

• Nuveen LLC has made a new investment in Westrock Coffee Company, acquiring 94,215 shares valued at approximately $680,000, representing around 0.10% of the company.
• Significant institutional buying has occurred, with Vanguard Group Inc. increasing its stake by 4.9% and other firms like Millennium Management LLC boosting their holdings by nearly 199% in recent quarters.
• Analysts have a consensus rating of Buy for Westrock Coffee, with an average price target of $10.60, reflecting optimism about the company's financial performance as they beat EPS estimates in their latest earnings report.

Nuveen LLC acquired a new stake in Westrock Coffee Company (NASDAQ:WEST - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 94,215 shares of the company's stock, valued at approximately $680,000. Nuveen LLC owned approximately 0.10% of Westrock Coffee at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Swiss National Bank raised its holdings in Westrock Coffee by 4.4% in the 1st quarter. Swiss National Bank now owns 73,000 shares of the company's stock valued at $527,000 after acquiring an additional 3,100 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Westrock Coffee by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 290,306 shares of the company's stock valued at $2,096,000 after acquiring an additional 5,653 shares during the period. Vanguard Group Inc. raised its stake in shares of Westrock Coffee by 4.9% during the first quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company's stock worth $21,304,000 after buying an additional 137,646 shares during the last quarter. HHM Wealth Advisors LLC boosted its stake in Westrock Coffee by 130.9% in the 1st 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 period. Finally, Legacy Capital Wealth Partners LLC lifted its stake in shares of Westrock Coffee by 38.0% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 36,105 shares of the company's stock worth $261,000 after buying an additional 9,940 shares during the last quarter. Hedge funds and other institutional investors own 45.08% of the company's stock.

Analysts Set New Price Targets

WEST has been the subject of several recent research reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $10.00 target price on shares of Westrock Coffee in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Westrock Coffee from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $10.60.

Westrock Coffee Stock Performance

Shares of NASDAQ WEST traded down $0.17 during trading on Monday, reaching $5.10. 289,811 shares of the stock traded hands, compared to its average volume of 336,646. The company has a debt-to-equity ratio of 23.42, a current ratio of 1.04 and a quick ratio of 0.50. The stock has a market capitalization of $482.55 million, a P/E ratio of -5.42 and a beta of 0.51. The company has a 50-day moving average of $6.32 and a 200-day moving average of $6.43. Westrock Coffee Company has a 52-week low of $5.05 and a 52-week high of $8.29.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.02. The company had revenue of $280.86 million during the quarter, compared to analyst estimates of $238.34 million. Westrock Coffee had a negative return on equity of 64.79% and a negative net margin of 9.28%. Analysts forecast that Westrock Coffee Company will post -0.3 EPS for the current fiscal year.

Insider Activity at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford acquired 5,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were bought at an average cost of $5.30 per share, for a total transaction of $26,500.00. Following the acquisition, the director directly owned 413,916 shares of the company's stock, valued at $2,193,754.80. This trade represents a 1.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 27.70% of the company's stock.

Westrock Coffee Company 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.