Westrock Coffee Company (NASDAQ:WEST – Get Free Report) Director Joe Ford acquired 3,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were purchased at an average cost of $8.04 per share, for a total transaction of $24,120.00. Following the completion of the transaction, the director owned 544,916 shares in the company, valued at approximately $4,381,124.64. This represents a 0.55% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Westrock Coffee Stock Performance
Westrock Coffee stock opened at $7.97 on Wednesday. The stock’s 50 day simple moving average is $6.10 and its two-hundred day simple moving average is $4.99. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.46 and a current ratio of 0.97. The stock has a market cap of $772.13 million, a price-to-earnings ratio of -10.63 and a beta of 0.90. Westrock Coffee Company has a fifty-two week low of $3.59 and a fifty-two week high of $8.98.
Westrock Coffee (NASDAQ:WEST – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.09. The business had revenue of $308.83 million for the quarter, compared to analysts’ expectations of $285.13 million. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%. As a group, analysts expect that Westrock Coffee Company will post -0.18 earnings per share for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Research Report on Westrock Coffee
Institutional Investors Weigh In On Westrock Coffee
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in shares of Westrock Coffee by 2.2% during the first quarter. Bank of America Corp DE now owns 69,801 shares of the company’s stock valued at $297,000 after buying an additional 1,477 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Westrock Coffee by 110.9% during the first quarter. Hsbc Holdings PLC now owns 29,811 shares of the company’s stock valued at $123,000 after buying an additional 15,676 shares during the last quarter. Group One Trading LLC purchased a new stake in shares of Westrock Coffee during the first quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Westrock Coffee during the first quarter valued at approximately $1,203,000. Finally, Inspire Investing LLC grew its holdings in shares of Westrock Coffee by 8.1% during the first quarter. Inspire Investing LLC now owns 125,038 shares of the company’s stock valued at $531,000 after buying an additional 9,319 shares during the last quarter. Hedge funds and other institutional investors own 45.08% of the company’s stock.
Westrock Coffee Company Profile
Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.
Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.
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