Westrock Coffee (NASDAQ:WEST) Position Increased by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Westrock Coffee (NASDAQ:WEST - Free Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,812,993 shares of the company's stock after buying an additional 199,939 shares during the quarter. Vanguard Group Inc. owned approximately 2.99% of Westrock Coffee worth $18,059,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WEST. Stephens Inc. AR lifted its position in 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 purchasing an additional 83,647 shares during the last quarter. Barclays PLC increased its stake in shares of Westrock Coffee by 363.9% in the third quarter. Barclays PLC now owns 57,357 shares of the company's stock valued at $373,000 after purchasing an additional 44,993 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Westrock Coffee in the fourth quarter valued at approximately $840,000. State Street Corp raised its holdings in shares of Westrock Coffee by 2.0% during the third quarter. State Street Corp now owns 649,553 shares of the company's stock valued at $4,222,000 after buying an additional 12,937 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Westrock Coffee by 5.7% during the third quarter. Geode Capital Management LLC now owns 806,325 shares of the company's stock worth $5,242,000 after buying an additional 43,731 shares during the period. Institutional investors and hedge funds own 45.08% of the company's stock.

Insider Buying and Selling at Westrock Coffee

In other news, COO William A. Ford acquired 15,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was acquired at an average price of $6.45 per share, for a total transaction 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 acquisition was disclosed in a filing with the SEC, which is available through this link. 42.10% of the stock is currently owned by corporate insiders.

Westrock Coffee Price Performance

Shares of Westrock Coffee stock traded up $0.28 on Tuesday, hitting $5.89. The company had a trading volume of 202,475 shares, compared to its average volume of 286,797. Westrock Coffee has a 52 week low of $5.28 and a 52 week high of $10.99. The company has a market cap of $555.00 million, a PE ratio of -6.85 and a beta of 0.47. The business has a 50-day simple moving average of $6.37 and a 200-day simple moving average of $6.64. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73.

Wall Street Analyst Weigh In

WEST has been the topic of several analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $9.00 target price on shares of Westrock Coffee in a research report on Wednesday, March 12th. Benchmark reissued a "buy" rating and set a $10.00 price target on shares of Westrock Coffee in a report on Wednesday, April 16th.

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.