Westrock Coffee Company, LLC (NASDAQ:WEST) Director Joe T. Ford Purchases 5,000 Shares

Westrock Coffee Company, LLC (NASDAQ:WEST) Director Joe T. Ford bought 5,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was bought at an average price of $9.98 per share, for a total transaction of $49,900.00. Following the transaction, the director now directly owns 123,917 shares of the company’s stock, valued at $1,236,691.66. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Westrock Coffee Trading Up 0.5 %

Shares of NASDAQ:WEST opened at $10.10 on Friday. The firm has a market cap of $884.86 million, a PE ratio of -7.59 and a beta of 0.24. The company has a current ratio of 1.38, a quick ratio of 0.70 and a debt-to-equity ratio of 16.81. Westrock Coffee Company, LLC has a 52 week low of $9.34 and a 52 week high of $14.71.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.18). The business had revenue of $224.69 million for the quarter, compared to analyst estimates of $241.65 million. Westrock Coffee had a negative return on equity of 310.68% and a negative net margin of 8.58%. As a group, equities analysts expect that Westrock Coffee Company, LLC will post -0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Westrock Coffee

An institutional investor recently bought a new position in Westrock Coffee stock. Portside Wealth Group LLC purchased a new stake in Westrock Coffee Company, LLC (NASDAQ:WEST) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 159,315 shares of the company’s stock, valued at approximately $1,732,000. Portside Wealth Group LLC owned approximately 0.18% of Westrock Coffee at the end of the most recent quarter. Institutional investors and hedge funds own 46.40% of the company’s stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group restated an “outperform” rating and issued a $14.00 target price on shares of Westrock Coffee in a research report on Friday, September 8th.

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.