Westrock Coffee (NASDAQ:WEST – Get Free Report) Director Joe T. Ford purchased 17,005 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average price of $7.55 per share, for a total transaction of $128,387.75. Following the acquisition, the director now directly owns 140,922 shares of the company’s stock, valued at approximately $1,063,961.10. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Westrock Coffee Price Performance
NASDAQ:WEST opened at $8.57 on Thursday. Westrock Coffee has a 12 month low of $6.88 and a 12 month high of $14.71. The firm has a 50-day moving average of $8.85. The company has a quick ratio of 0.80, a current ratio of 1.53 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $750.82 million, a price-to-earnings ratio of -11.13 and a beta of 0.34.
Wall Street Analyst Weigh In
Separately, Telsey Advisory Group reissued an “outperform” rating and issued a $14.00 target price on shares of Westrock Coffee in a research note on Monday, November 6th.
Institutional Investors Weigh In On Westrock Coffee
Several hedge funds have recently modified their holdings of WEST. Silverleafe Capital Partners LLC acquired a new stake in Westrock Coffee in the third quarter valued at approximately $36,640,000. FMR LLC grew its holdings in Westrock Coffee by 30.0% during the 3rd quarter. FMR LLC now owns 1,640,254 shares of the company’s stock valued at $14,533,000 after purchasing an additional 378,866 shares in the last quarter. Portside Wealth Group LLC purchased a new stake in Westrock Coffee during the 2nd quarter worth $1,732,000. Raymond James & Associates lifted its holdings in Westrock Coffee by 70.0% in the 3rd quarter. Raymond James & Associates now owns 272,544 shares of the company’s stock worth $2,415,000 after buying an additional 112,254 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Westrock Coffee by 75.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 225,920 shares of the company’s stock valued at $2,002,000 after buying an additional 97,233 shares during the last quarter. 46.40% of the stock is currently owned by hedge funds and other institutional investors.
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 and Traceability. The company provides coffee sourcing, supply chain management, product development, roasting, packaging, and distribution services to the retail, food service and restaurant, convenience store and travel center, non-commercial account, CPG, and hospitality industries.
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