Westrock Coffee (NASDAQ:WEST) COO Purchases $96,750.00 in Stock

Westrock Coffee (NASDAQ:WEST - Get Free Report) COO William A. Ford purchased 15,000 shares of the stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $6.45 per share, with a total value of $96,750.00. Following the transaction, the chief operating officer now owns 476,190 shares of the company's stock, valued at $3,071,425.50. This trade represents a 3.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Westrock Coffee Stock Up 5.7 %

Shares of WEST traded up $0.37 during midday trading on Friday, reaching $6.89. 593,881 shares of the company were exchanged, compared to its average volume of 269,177. The stock has a 50-day moving average price of $6.51 and a 200-day moving average price of $6.77. The company has a market cap of $648.96 million, a price-to-earnings ratio of -8.01 and a beta of 0.59. Westrock Coffee has a 1-year low of $5.28 and a 1-year high of $10.99. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new position in shares of Westrock Coffee in the fourth quarter worth about $37,000. KLP Kapitalforvaltning AS acquired a new position in shares of Westrock Coffee in the fourth quarter worth about $47,000. Atom Investors LP acquired a new position in shares of Westrock Coffee in the third quarter worth about $70,000. Intech Investment Management LLC acquired a new position in shares of Westrock Coffee in the third quarter worth about $71,000. Finally, Virtu Financial LLC acquired a new position in shares of Westrock Coffee in the fourth quarter worth about $83,000. Institutional investors and hedge funds own 45.08% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Benchmark reissued a "buy" rating and set a $10.00 price target on shares of Westrock Coffee in a research report on Friday, March 14th. Telsey Advisory Group restated an "outperform" rating and set a $9.00 price objective on shares of Westrock Coffee in a research note on Wednesday, March 12th.

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.