Insider Selling: Westrock Coffee (NASDAQ:WEST) CFO Sells $66,000.00 in Stock

Westrock Coffee (NASDAQ:WEST) CFO Thomas Christopher Pledger sold 6,600 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $10.00, for a total value of $66,000.00. Following the transaction, the chief financial officer now directly owns 466,673 shares of the company’s stock, valued at approximately $4,666,730. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Westrock Coffee Trading Down 0.1 %

Shares of Westrock Coffee stock opened at $9.96 on Monday. Westrock Coffee has a 1 year low of $6.88 and a 1 year high of $11.89. The firm’s 50-day moving average is $10.28 and its 200 day moving average is $10.18. The company has a current ratio of 1.24, a quick ratio of 0.60 and a debt-to-equity ratio of 2.99.

Westrock Coffee (NASDAQ:WEST) last issued its earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.11). Westrock Coffee had a negative return on equity of 41.49% and a negative net margin of 6.33%. The firm had revenue of $192.50 million during the quarter, compared to analysts’ expectations of $200.60 million. As a group, equities analysts anticipate that Westrock Coffee will post -0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on WEST. Telsey Advisory Group reissued an “outperform” rating and set a $14.00 price target on shares of Westrock Coffee in a research report on Friday, June 28th. Benchmark reiterated a “buy” rating and set a $12.00 target price on shares of Westrock Coffee in a report on Monday, May 13th.

Institutional Trading of Westrock Coffee

Institutional investors have recently added to or reduced their stakes in the business. Stephens Inc. AR lifted its holdings in shares of Westrock Coffee by 197.7% during the fourth quarter. Stephens Inc. AR now owns 138,532 shares of the company’s stock valued at $1,414,000 after purchasing an additional 92,000 shares in the last quarter. NFC Investments LLC bought a new position in Westrock Coffee during the 4th quarter valued at about $35,416,000. Legacy Capital Wealth Partners LLC purchased a new stake in shares of Westrock Coffee during the 4th quarter valued at about $179,000. DAVENPORT & Co LLC grew its stake in shares of Westrock Coffee by 3.1% in the fourth quarter. DAVENPORT & Co LLC now owns 163,640 shares of the company’s stock worth $1,671,000 after acquiring an additional 4,965 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Westrock Coffee by 807.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,397 shares of the company’s stock valued at $96,000 after purchasing an additional 8,361 shares during the last quarter. 45.08% of the stock is currently owned by hedge funds and other institutional investors.

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.