Quest Partners LLC Raises Stock Holdings in Westrock Coffee (NASDAQ:WEST)

Quest Partners LLC lifted its holdings in shares of Westrock Coffee (NASDAQ:WEST) by 32,869.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,663 shares of the company’s stock after acquiring an additional 60,479 shares during the period. Quest Partners LLC owned 0.07% of Westrock Coffee worth $394,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WEST. Summit Asset Management LLC acquired a new stake in Westrock Coffee during the 3rd quarter worth $86,000. Legacy Capital Wealth Partners LLC boosted its stake in shares of Westrock Coffee by 25.6% during the third quarter. Legacy Capital Wealth Partners LLC now owns 36,454 shares of the company’s stock worth $237,000 after buying an additional 7,422 shares during the period. Stephens Inc. AR increased its position in Westrock Coffee by 1.7% in the 3rd quarter. Stephens Inc. AR now owns 152,717 shares of the company’s stock valued at $993,000 after acquiring an additional 2,500 shares during the period. Gilliland Jeter Wealth Management LLC raised its stake in Westrock Coffee by 81.9% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 4,547 shares of the company’s stock valued at $30,000 after acquiring an additional 2,047 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Westrock Coffee by 637.3% during the 3rd quarter. Blue Trust Inc. now owns 11,126 shares of the company’s stock worth $72,000 after acquiring an additional 9,617 shares during the period. 45.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Craig Hallum initiated coverage on Westrock Coffee in a report on Monday, September 23rd. They issued a “buy” rating and a $13.00 target price on the stock. Truist Financial began coverage on shares of Westrock Coffee in a research note on Monday, October 7th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Telsey Advisory Group dropped their price target on shares of Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $11.40.

Insider Activity at Westrock Coffee

In related news, Director Joe T. Ford bought 5,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was bought at an average cost of $6.97 per share, with a total value of $34,850.00. Following the completion of the acquisition, the director now owns 249,445 shares in the company, valued at approximately $1,738,631.65. This represents a 2.05 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 11,092 shares of company stock worth $81,546 over the last 90 days. Company insiders own 42.10% of the company’s stock.

Westrock Coffee Price Performance

Westrock Coffee stock opened at $7.89 on Monday. The company has a market cap of $743.16 million, a P/E ratio of -9.17 and a beta of 0.38. Westrock Coffee has a one year low of $5.28 and a one year high of $11.21. The business has a fifty day moving average of $6.74 and a two-hundred day moving average of $8.64. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39.

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.