Westrock Coffee (NASDAQ:WEST) Director Joe T. Ford Purchases 5,000 Shares

Key Points

• Joe Ford, a director at Westrock Coffee, purchased 5,000 shares of the company's stock at an average price of $5.30 per share, increasing his ownership by 1.22% to a total of 413,916 shares.
• Westrock Coffee's stock has a current value of $5.33, showing a 52-week low of $5.09 and a high of $8.66, with a market capitalization of approximately $504.79 million.
• Analysts have a consensus rating of "Buy" for Westrock Coffee, with a price target averaging $10.60; recent changes include an upgrade to "hold" from "sell" by Wall Street Zen.

Westrock Coffee Company (NASDAQ:WEST - Get Free Report) Director Joe T. Ford acquired 5,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average price of $5.30 per share, for a total transaction of $26,500.00. Following the completion of the purchase, the director directly owned 413,916 shares in the company, valued at $2,193,754.80. The trade was a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Westrock Coffee Stock Performance

WEST traded down $0.15 on Monday, reaching $5.11. The company had a trading volume of 510,719 shares, compared to its average volume of 642,040. Westrock Coffee Company has a fifty-two week low of $5.05 and a fifty-two week high of $8.29. The stock has a market cap of $483.97 million, a P/E ratio of -5.44 and a beta of 0.51. The company's fifty day moving average is $6.31 and its 200 day moving average is $6.42. The company has a debt-to-equity ratio of 23.42, a quick ratio of 0.50 and a current ratio of 1.04.

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

Institutional Investors Weigh In On Westrock Coffee

Large investors have recently modified their holdings of the company. Millennium Management LLC lifted its stake in shares of Westrock Coffee by 198.9% in the fourth quarter. Millennium Management LLC now owns 589,450 shares of the company's stock valued at $3,784,000 after buying an additional 392,214 shares in the last quarter. Krilogy Financial LLC bought a new position in shares of Westrock Coffee in the second quarter valued at $1,146,000. Vanguard Group Inc. lifted its stake in shares of Westrock Coffee by 4.9% in the first quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company's stock valued at $21,304,000 after buying an additional 137,646 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Westrock Coffee in the fourth quarter valued at $840,000. Finally, Jane Street Group LLC lifted its stake in shares of Westrock Coffee by 1,019.7% in the second quarter. Jane Street Group LLC now owns 116,451 shares of the company's stock valued at $667,000 after buying an additional 106,051 shares in the last quarter. 45.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.