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

Westrock Coffee (NASDAQ:WEST) COO William A. Ford acquired 15,000 shares of Westrock Coffee stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average price of $6.45 per share, with a total value of $96,750.00. Following the completion of the acquisition, the chief operating officer now directly owns 476,190 shares in the company, valued at $3,071,425.50. This represents a 3.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Westrock Coffee Trading Up 0.6 %

Westrock Coffee stock opened at $6.59 on Thursday. Westrock Coffee has a 52-week low of $5.28 and a 52-week high of $10.99. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 3.41. The company has a market cap of $620.70 million, a P/E ratio of -7.66 and a beta of 0.59. The business has a 50-day simple moving average of $6.49 and a two-hundred day simple moving average of $6.78.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Westrock Coffee by 44.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,851 shares of the company’s stock valued at $397,000 after buying an additional 18,972 shares in the last quarter. Sovereign s Capital Management LLC purchased a new position in shares of Westrock Coffee during the 4th quarter valued at about $465,000. Millennium Management LLC lifted 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 valued at $3,784,000 after buying an additional 392,214 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Westrock Coffee by 88.3% during the 4th quarter. Deutsche Bank AG now owns 42,294 shares of the company’s stock valued at $272,000 after buying an additional 19,829 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new position in shares of Westrock Coffee during the 4th quarter valued at about $353,000. 45.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WEST. Benchmark restated a “buy” rating and set a $10.00 price target on shares of Westrock Coffee in a research note on Friday, March 14th. Telsey Advisory Group restated an “outperform” rating and set a $9.00 price target 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.