Stephens Inc. AR Acquires 2,500 Shares of Westrock Coffee (NASDAQ:WEST)

Stephens Inc. AR increased its stake in Westrock Coffee (NASDAQ:WEST) by 1.7% during the third quarter, Holdings Channel.com reports. The firm owned 152,717 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Stephens Inc. AR’s holdings in Westrock Coffee were worth $993,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Westrock Coffee by 23.2% in the first quarter. Vanguard Group Inc. now owns 2,538,327 shares of the company’s stock worth $26,221,000 after buying an additional 478,088 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Westrock Coffee during the 2nd quarter worth approximately $19,199,000. Raymond James & Associates lifted its holdings in Westrock Coffee by 2.1% during the second quarter. Raymond James & Associates now owns 269,174 shares of the company’s stock valued at $2,754,000 after purchasing an additional 5,520 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Westrock Coffee by 5.3% in the first quarter. Gamco Investors INC. ET AL now owns 256,650 shares of the company’s stock worth $2,651,000 after purchasing an additional 13,000 shares during the period. Finally, Diversified Trust Co increased its stake in shares of Westrock Coffee by 6.0% in the third quarter. Diversified Trust Co now owns 119,406 shares of the company’s stock worth $776,000 after purchasing an additional 6,756 shares in the last quarter. 45.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Joe T. Ford purchased 5,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of $6.97 per share, for a total transaction of $34,850.00. Following the acquisition, the director now directly owns 249,445 shares of the company’s stock, valued at $1,738,631.65. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have bought 11,092 shares of company stock worth $81,546. Corporate insiders own 42.10% of the company’s stock.

Westrock Coffee Price Performance

WEST stock opened at $7.15 on Wednesday. The company has a debt-to-equity ratio of 4.05, a quick ratio of 0.67 and a current ratio of 1.31. The company’s fifty day moving average price is $6.96 and its 200-day moving average price is $8.91. Westrock Coffee has a one year low of $5.28 and a one year high of $11.21. The company has a market capitalization of $631.82 million, a PE ratio of -13.00 and a beta of 0.38.

Westrock Coffee (NASDAQ:WEST) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.16). Westrock Coffee had a negative return on equity of 18.20% and a negative net margin of 5.37%. The company had revenue of $208.39 million during the quarter, compared to analysts’ expectations of $214.40 million. During the same quarter in the previous year, the firm earned ($0.21) EPS. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Westrock Coffee will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Truist Financial initiated coverage on shares of Westrock Coffee in a research note on Monday, October 7th. They set a “buy” rating and a $10.00 target price on the stock. Craig Hallum assumed coverage on Westrock Coffee in a report on Monday, September 23rd. They set a “buy” rating and a $13.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat, Westrock Coffee presently has an average rating of “Buy” and an average price target of $12.20.

Westrock Coffee 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.