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

Westrock Coffee (NASDAQ:WEST) COO William A. Ford purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of $6.45 per share, with a total value of $96,750.00. Following the transaction, the chief operating officer now owns 476,190 shares of the company’s stock, valued at $3,071,425.50. This represents a 3.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Westrock Coffee Stock Down 6.0 %

Shares of NASDAQ WEST opened at $6.55 on Wednesday. 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 market cap of $616.93 million, a P/E ratio of -7.62 and a beta of 0.59. Westrock Coffee has a 1 year low of $5.28 and a 1 year high of $10.99. The firm has a 50-day simple moving average of $6.48 and a two-hundred day simple moving average of $6.78.

Institutional Trading of Westrock Coffee

Institutional investors and hedge funds have recently modified their holdings of the stock. Stephens Inc. AR raised its stake in shares of Westrock Coffee by 54.8% during the fourth quarter. Stephens Inc. AR now owns 236,364 shares of the company’s stock valued at $1,517,000 after acquiring an additional 83,647 shares in the last quarter. Barclays PLC raised its stake in shares of Westrock Coffee by 363.9% during the third quarter. Barclays PLC now owns 57,357 shares of the company’s stock valued at $373,000 after acquiring an additional 44,993 shares in the last quarter. State Street Corp raised its stake in shares of Westrock Coffee by 2.0% during the third quarter. State Street Corp now owns 649,553 shares of the company’s stock valued at $4,222,000 after acquiring an additional 12,937 shares in the last quarter. Principal Street Partners LLC raised its stake in shares of Westrock Coffee by 100.0% during the third quarter. Principal Street Partners LLC now owns 391,680 shares of the company’s stock valued at $2,546,000 after acquiring an additional 195,800 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Westrock Coffee by 5.7% during the third quarter. Geode Capital Management LLC now owns 806,325 shares of the company’s stock valued at $5,242,000 after acquiring an additional 43,731 shares in the last quarter. Institutional investors own 45.08% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Benchmark reiterated a “buy” rating and issued a $10.00 price target on shares of Westrock Coffee in a research report on Friday, March 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $9.00 price objective on shares of Westrock Coffee in a research note on Wednesday, March 12th.

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.