130,816 Shares in Westrock Coffee (NASDAQ:WEST) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Westrock Coffee (NASDAQ:WEST - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 130,816 shares of the company's stock, valued at approximately $840,000. Raymond James Financial Inc. owned 0.14% of Westrock Coffee at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WEST. Charles Schwab Investment Management Inc. grew its position in Westrock Coffee by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company's stock valued at $1,827,000 after buying an additional 2,010 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Westrock Coffee by 26.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 24,578 shares of the company's stock valued at $159,000 after buying an additional 5,200 shares during the last quarter. Wells Fargo & Company MN grew its position 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 buying an additional 5,264 shares during the last quarter. Blue Trust Inc. grew its position in Westrock Coffee by 62.7% in the 4th quarter. Blue Trust Inc. now owns 18,107 shares of the company's stock valued at $118,000 after buying an additional 6,981 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Westrock Coffee in the 4th quarter valued at $47,000. 45.08% of the stock is owned by institutional investors and hedge funds.

Westrock Coffee Trading Up 18.0%

WEST traded up $1.11 on Friday, reaching $7.26. 988,485 shares of the company's stock were exchanged, compared to its average volume of 293,084. The company's 50 day moving average is $6.31 and its 200-day moving average is $6.61. The company has a market cap of $684.10 million, a price-to-earnings ratio of -8.44 and a beta of 0.49. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $10.99. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $213.80 million during the quarter, compared to analyst estimates of $213.85 million. Equities analysts predict that Westrock Coffee will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Transactions at Westrock Coffee

In other news, COO William A. Ford acquired 15,000 shares of Westrock Coffee stock in a transaction that occurred on Friday, March 14th. The shares were purchased 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 directly owns 476,190 shares of the company's stock, valued at $3,071,425.50. This trade represents a 3.25% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 42.10% of the company's stock.

Westrock Coffee 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.