Joe Ford Buys 5,000 Shares of Westrock Coffee (NASDAQ:WEST) Stock

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 Ford purchased 5,000 shares of Westrock Coffee stock in a transaction that occurred on Tuesday, September 2nd. The stock was acquired at an average price of $5.30 per share, with a total value of $26,500.00. Following the transaction, the director 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Westrock Coffee Stock Performance

Shares of NASDAQ:WEST traded down $0.05 during trading on Wednesday, reaching $5.33. The company had a trading volume of 613,667 shares, compared to its average volume of 334,393. 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's fifty day moving average price is $6.35 and its 200 day moving average price is $6.44. Westrock Coffee Company has a fifty-two week low of $5.09 and a fifty-two week high of $8.66. The firm has a market capitalization of $504.79 million, a price-to-earnings ratio of -5.67 and a beta of 0.51.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in 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 reaffirmed an "outperform" rating and set a $10.00 price target 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 MarketBeat, Westrock Coffee currently has a consensus rating of "Buy" and an average price target of $10.60.

Institutional Investors Weigh In On Westrock Coffee

A number of large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in Westrock Coffee by 47.6% in the 4th quarter. Wells Fargo & Company MN now owns 16,332 shares of the company's stock valued at $105,000 after purchasing an additional 5,264 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in Westrock Coffee in the 4th quarter valued at about $95,000. Raymond James Financial Inc. purchased a new position in Westrock Coffee in the 4th quarter valued at about $840,000. Barclays PLC lifted its holdings in Westrock Coffee by 6.6% in 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 in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Westrock Coffee by 36.0% during the fourth quarter. MetLife Investment Management LLC now owns 25,924 shares of the company's stock worth $166,000 after purchasing an additional 6,862 shares during the last quarter. 45.08% of the stock is owned by institutional investors and hedge funds.

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.

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