Lee Danner & Bass Inc. Makes New $1.20 Million Investment in Westrock Coffee Company $WEST

Lee Danner & Bass Inc. purchased a new stake in Westrock Coffee Company (NASDAQ:WEST) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 283,000 shares of the company’s stock, valued at approximately $1,203,000.

Several other large investors also recently made changes to their positions in WEST. EverSource Wealth Advisors LLC grew its stake in shares of Westrock Coffee by 199.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock worth $36,000 after purchasing an additional 4,136 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Westrock Coffee by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock valued at $38,000 after purchasing an additional 3,439 shares during the last quarter. Waterloo Capital L.P. acquired a new stake in Westrock Coffee during the fourth quarter valued at approximately $43,000. Mercer Global Advisors Inc. ADV bought a new stake in Westrock Coffee during the fourth quarter worth approximately $47,000. Finally, Jain Global LLC bought a new stake in Westrock Coffee during the fourth quarter worth approximately $48,000. Institutional investors own 45.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on WEST. Telsey Advisory Group lifted their price target on shares of Westrock Coffee from $7.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Weiss Ratings upgraded Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Benchmark raised their price objective on Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Zacks Research upgraded Westrock Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Finally, Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.00.

Westrock Coffee Stock Performance

WEST stock opened at $7.06 on Friday. Westrock Coffee Company has a one year low of $3.59 and a one year high of $10.19. The firm has a 50-day moving average of $7.94 and a two-hundred day moving average of $5.71. The firm has a market capitalization of $683.97 million, a PE ratio of -9.41 and a beta of 0.90.

Westrock Coffee (NASDAQ:WEST) last released its earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.09. Westrock Coffee had a negative net margin of 5.59% and a negative return on equity of 2,145.68%. The business had revenue of $308.83 million for the quarter, compared to the consensus estimate of $285.12 million. On average, equities research analysts anticipate that Westrock Coffee Company will post -0.18 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Joe T. Ford acquired 15,000 shares of the stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $8.50 per share, for a total transaction of $127,500.00. Following the transaction, the director owned 273,000 shares in the company, valued at approximately $2,320,500. This trade represents a 5.81% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have purchased 34,500 shares of company stock valued at $290,715. Company insiders own 25.40% of the company’s stock.

Westrock Coffee Profile

Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.

Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.