Westrock Coffee (NASDAQ:WEST) COO William A. Ford Buys 15,000 Shares

Westrock Coffee (NASDAQ:WEST) COO William A. Ford purchased 15,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $6.45 per share, with a total value of $96,750.00. Following the purchase, the chief operating officer now owns 476,190 shares of the company’s stock, valued at approximately $3,071,425.50. This trade represents a 3.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Westrock Coffee Trading Down 6.0 %

NASDAQ WEST traded down $0.42 during trading hours on Tuesday, hitting $6.55. 288,314 shares of the company’s stock were exchanged, compared to its average volume of 266,983. The firm has a market cap of $616.93 million, a price-to-earnings ratio of -7.62 and a beta of 0.59. The stock has a 50-day simple moving average of $6.47 and a 200 day simple moving average of $6.79. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. Westrock Coffee has a 1-year low of $5.28 and a 1-year high of $10.99.

Hedge Funds Weigh In On Westrock Coffee

Institutional investors and hedge funds have recently modified their holdings of the business. NFC Investments LLC boosted its stake in Westrock Coffee by 17.0% during the third quarter. NFC Investments LLC now owns 4,044,207 shares of the company’s stock worth $26,286,000 after acquiring an additional 588,160 shares in the last quarter. Millennium Management LLC boosted its position in shares of Westrock Coffee by 198.9% during the 4th quarter. Millennium Management LLC now owns 589,450 shares of the company’s stock worth $3,784,000 after purchasing an additional 392,214 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Westrock Coffee by 7.7% during the 4th quarter. Vanguard Group Inc. now owns 2,812,993 shares of the company’s stock worth $18,059,000 after purchasing an additional 199,939 shares in the last quarter. Principal Street Partners LLC grew its stake in shares of Westrock Coffee by 100.0% in the 3rd quarter. Principal Street Partners LLC now owns 391,680 shares of the company’s stock valued at $2,546,000 after buying an additional 195,800 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Westrock Coffee in the 4th quarter valued at about $840,000. 45.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $9.00 target price on shares of Westrock Coffee in a report on Wednesday, March 12th. Benchmark reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Westrock Coffee in a research note on Friday.

About Westrock Coffee

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.