Raymond James Financial Inc. bought a new position in shares of Westrock Coffee (NASDAQ:WEST - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 130,816 shares of the company's stock, valued at approximately $840,000. Raymond James Financial Inc. owned 0.14% of Westrock Coffee as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Westrock Coffee by 7.7% in the 4th quarter. Vanguard Group Inc. now owns 2,812,993 shares of the company's stock valued at $18,059,000 after acquiring an additional 199,939 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Westrock Coffee by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 841,226 shares of the company's stock valued at $5,402,000 after purchasing an additional 34,901 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Westrock Coffee by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company's stock worth $1,827,000 after buying an additional 2,010 shares during the period. DAVENPORT & Co LLC grew its holdings in shares of Westrock Coffee by 15.7% during the fourth quarter. DAVENPORT & Co LLC now owns 238,675 shares of the company's stock worth $1,532,000 after buying an additional 32,325 shares in the last quarter. Finally, Stephens Inc. AR raised its position in Westrock Coffee by 54.8% in the 4th quarter. Stephens Inc. AR now owns 236,364 shares of the company's stock valued at $1,517,000 after buying an additional 83,647 shares during the last quarter. Institutional investors and hedge funds own 45.08% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on WEST. Stifel Nicolaus decreased their price target on shares of Westrock Coffee from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Benchmark reiterated a "buy" rating and issued a $10.00 price target on shares of Westrock Coffee in a research note on Wednesday, April 16th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $9.00 price target on shares of Westrock Coffee in a research report on Tuesday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Westrock Coffee has a consensus rating of "Buy" and a consensus target price of $10.40.
Read Our Latest Stock Report on Westrock Coffee
Westrock Coffee Stock Performance
WEST traded up $1.11 during trading on Friday, hitting $7.26. The stock had a trading volume of 988,485 shares, compared to its average volume of 292,604. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73. The company has a 50 day moving average price of $6.29 and a 200-day moving average price of $6.61. Westrock Coffee has a one year low of $5.28 and a one year high of $10.99. The firm has a market cap of $684.10 million, a price-to-earnings ratio of -8.44 and a beta of 0.49.
Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.05). Westrock Coffee had a negative net margin of 9.05% and a negative return on equity of 20.72%. The business had revenue of $213.80 million during the quarter, compared to the consensus estimate of $213.85 million. As a group, research analysts predict that Westrock Coffee will post -0.3 EPS for the current year.
Insiders Place Their Bets
In related news, COO William A. Ford purchased 15,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average cost of $6.45 per share, for a total transaction of $96,750.00. Following the completion of the purchase, the chief operating officer now owns 476,190 shares in the company, valued at approximately $3,071,425.50. This represents a 3.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.10% of the company's stock.
About Westrock Coffee
(
Free Report)
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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