Principal Street Partners LLC Has $1.25 Million Stake in Westrock Coffee (NASDAQ:WEST)

Principal Street Partners LLC decreased its holdings in shares of Westrock Coffee (NASDAQ:WEST - Free Report) by 50.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194,347 shares of the company's stock after selling 197,333 shares during the quarter. Principal Street Partners LLC owned about 0.21% of Westrock Coffee worth $1,248,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Millennium Management LLC grew its position in Westrock Coffee by 198.9% during the fourth quarter. Millennium Management LLC now owns 589,450 shares of the company's stock worth $3,784,000 after buying an additional 392,214 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Westrock Coffee by 7.7% in the 4th quarter. Vanguard Group Inc. now owns 2,812,993 shares of the company's stock worth $18,059,000 after acquiring an additional 199,939 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Westrock Coffee during the 4th quarter worth approximately $840,000. Stephens Inc. AR increased its position in shares of Westrock Coffee by 54.8% during the fourth quarter. Stephens Inc. AR now owns 236,364 shares of the company's stock valued at $1,517,000 after purchasing an additional 83,647 shares during the period. Finally, Sovereign s Capital Management LLC acquired a new position in shares of Westrock Coffee in the fourth quarter valued at $465,000. Institutional investors and hedge funds own 45.08% of the company's stock.

Insider Transactions at Westrock Coffee

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

Westrock Coffee Price Performance

NASDAQ:WEST traded down $0.34 on Friday, reaching $7.00. The stock had a trading volume of 205,519 shares, compared to its average volume of 300,259. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 3.41. The company has a market capitalization of $659.60 million, a P/E ratio of -8.14 and a beta of 0.49. Westrock Coffee has a 1-year low of $5.28 and a 1-year high of $10.77. The stock has a fifty day moving average price of $6.48 and a 200-day moving average price of $6.65.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The business had revenue of $213.80 million during the quarter, compared to analyst estimates of $213.85 million. Westrock Coffee had a negative return on equity of 20.72% and a negative net margin of 9.05%. Research analysts forecast that Westrock Coffee will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WEST shares. Telsey Advisory Group restated an "outperform" rating and issued a $9.00 price objective on shares of Westrock Coffee in a research note on Tuesday, May 6th. Benchmark restated a "buy" rating and set a $10.00 price target on shares of Westrock Coffee in a research note on Wednesday, April 16th. Finally, Stifel Nicolaus lowered their price objective on Westrock Coffee from $12.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $10.40.

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.