Insider Buying: Westrock Coffee (NASDAQ:WEST) COO Buys 15,000 Shares of 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 cost of $6.45 per share, with a total value of $96,750.00. Following the purchase, the chief operating officer now directly owns 476,190 shares of the company’s stock, valued at $3,071,425.50. This represents a 3.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Westrock Coffee Price Performance

NASDAQ WEST opened at $6.55 on Wednesday. The firm’s fifty day simple moving average is $6.48 and its two-hundred day simple moving average is $6.78. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. Westrock Coffee has a 12-month low of $5.28 and a 12-month high of $10.99. The firm has a market capitalization of $616.93 million, a P/E ratio of -7.62 and a beta of 0.59.

Hedge Funds Weigh In On Westrock Coffee

Hedge funds have recently made changes to their positions in the company. Stephens Inc. AR increased its position in shares of Westrock Coffee by 54.8% in the 4th 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 during the period. Barclays PLC increased its position in shares of Westrock Coffee by 363.9% in the 3rd quarter. Barclays PLC now owns 57,357 shares of the company’s stock valued at $373,000 after acquiring an additional 44,993 shares during the period. State Street Corp increased its position in shares of Westrock Coffee by 2.0% in the 3rd 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 during the period. Principal Street Partners LLC increased its position in shares of Westrock Coffee by 100.0% in the 3rd 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 during the period. Finally, Geode Capital Management LLC increased its position in shares of Westrock Coffee by 5.7% in the 3rd 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 during the period. 45.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on WEST shares. 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. Benchmark reaffirmed a “buy” rating and issued a $10.00 price target on shares of Westrock Coffee in a report on Friday, March 14th.

About Westrock Coffee

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.