Stephens Inc. AR Increases Stock Position in Westrock Coffee (NASDAQ:WEST)

Stephens Inc. AR lifted its holdings in Westrock Coffee (NASDAQ:WEST) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,717 shares of the company’s stock after buying an additional 2,500 shares during the quarter. Stephens Inc. AR owned approximately 0.17% of Westrock Coffee worth $993,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WEST. EverSource Wealth Advisors LLC boosted its stake in Westrock Coffee by 69.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,520 shares of the company’s stock worth $35,000 after acquiring an additional 1,444 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of Westrock Coffee by 79.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 4,100 shares of the company’s stock worth $42,000 after purchasing an additional 1,820 shares in the last quarter. Gilliland Jeter Wealth Management LLC grew its stake in shares of Westrock Coffee by 81.9% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 4,547 shares of the company’s stock worth $30,000 after buying an additional 2,047 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Westrock Coffee by 15.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,050 shares of the company’s stock valued at $154,000 after buying an additional 2,070 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in Westrock Coffee during the 2nd quarter valued at approximately $39,000. 45.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Westrock Coffee Stock Up 3.8 %

Westrock Coffee stock opened at $7.15 on Wednesday. Westrock Coffee has a 12 month low of $5.28 and a 12 month high of $11.21. The stock has a fifty day simple moving average of $6.96 and a two-hundred day simple moving average of $8.91. The company has a current ratio of 1.31, a quick ratio of 0.67 and a debt-to-equity ratio of 4.05. The firm has a market cap of $631.82 million, a price-to-earnings ratio of -13.00 and a beta of 0.38.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings data 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 business had revenue of $208.39 million during the quarter, compared to the consensus estimate of $214.40 million. Westrock Coffee’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) earnings per share. Equities analysts predict that Westrock Coffee will post -0.2 EPS for the current fiscal year.

Insider Activity

In related news, Director Joe T. Ford bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average price of $6.97 per share, for a total transaction of $34,850.00. Following the completion of the acquisition, the director now owns 249,445 shares of the company’s stock, valued at $1,738,631.65. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 11,092 shares of company stock valued at $81,546 over the last three months. Insiders own 42.10% of the company’s stock.

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.