Westrock Coffee (NASDAQ:WEST) Shares Acquired by Principal Street Partners LLC

Principal Street Partners LLC lifted its holdings in Westrock Coffee (NASDAQ:WEST - Free Report) by 100.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 391,680 shares of the company's stock after buying an additional 195,800 shares during the period. Principal Street Partners LLC owned about 0.44% of Westrock Coffee worth $2,546,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Westrock Coffee by 23.2% during the 1st quarter. Vanguard Group Inc. now owns 2,538,327 shares of the company's stock valued at $26,221,000 after purchasing an additional 478,088 shares during the last quarter. Virtu Financial LLC bought a new position in Westrock Coffee during the 1st quarter valued at about $117,000. Simplicity Wealth LLC bought a new position in Westrock Coffee during the 2nd quarter valued at about $230,000. Raymond James & Associates grew its holdings in Westrock Coffee by 2.1% during the 2nd 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 during the last quarter. Finally, Catalina Capital Group LLC bought a new position in Westrock Coffee during the 2nd quarter valued at about $117,000. 45.08% of the stock is currently owned by institutional investors.

Insider Transactions at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford purchased 5,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was purchased at an average price of $6.97 per share, with a total value of $34,850.00. Following the transaction, the director now owns 249,445 shares of the company's stock, valued at approximately $1,738,631.65. This trade represents a 2.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 11,092 shares of company stock valued at $81,546. Company insiders own 42.10% of the company's stock.

Westrock Coffee Trading Down 3.1 %

Westrock Coffee stock traded down $0.25 during trading hours on Tuesday, hitting $7.88. The company had a trading volume of 490,021 shares, compared to its average volume of 249,859. The company has a 50-day moving average price of $6.76 and a two-hundred day moving average price of $8.60. Westrock Coffee has a 1 year low of $5.28 and a 1 year high of $11.21. The firm has a market cap of $742.20 million, a P/E ratio of -9.30 and a beta of 0.38. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Craig Hallum assumed coverage on shares of Westrock Coffee in a report on Monday, September 23rd. They set a "buy" rating and a $13.00 price target on the stock. Truist Financial assumed coverage on shares of Westrock Coffee in a research report on Monday, October 7th. They issued a "buy" rating and a $10.00 price objective for the company. Finally, Telsey Advisory Group lowered their price objective on shares of Westrock Coffee from $14.00 to $10.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Westrock Coffee presently has a consensus rating of "Buy" and a consensus target price of $11.40.

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.