Arvest Bank Trust Division Acquires Shares of 17,635 Westrock Coffee (NASDAQ:WEST)

Arvest Bank Trust Division bought a new position in shares of Westrock Coffee (NASDAQ:WEST) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 17,635 shares of the company’s stock, valued at approximately $115,000.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position 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 during the last quarter. ProShare Advisors LLC acquired a new stake in Westrock Coffee during the 2nd quarter worth approximately $39,000. Wolverine Asset Management LLC lifted its holdings in Westrock Coffee by 79.8% during 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 during the last quarter. Gilliland Jeter Wealth Management LLC boosted its stake in Westrock Coffee by 81.9% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 4,547 shares of the company’s stock valued at $30,000 after purchasing an additional 2,047 shares during the period. Finally, Atom Investors LP acquired a new position in Westrock Coffee in the 3rd quarter valued at $70,000. 45.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Westrock Coffee news, Director Kenneth M. Parent acquired 62,735 shares of Westrock Coffee stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average cost of $8.07 per share, with a total value of $506,271.45. Following the completion of the purchase, the director now directly owns 112,451 shares of the company’s stock, valued at $907,479.57. This represents a 126.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.10% of the stock is currently owned by company insiders.

Westrock Coffee Stock Down 1.1 %

Shares of Westrock Coffee stock opened at $7.00 on Friday. The firm’s 50-day moving average price is $6.99 and its two-hundred day moving average price is $8.36. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. Westrock Coffee has a 12-month low of $5.28 and a 12-month high of $11.21.

Wall Street Analysts Forecast Growth

WEST has been the subject of a number of recent research reports. Telsey Advisory Group reduced their target price on shares of Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Craig Hallum began coverage on shares of Westrock Coffee in a report on Monday, September 23rd. They issued a “buy” rating and a $13.00 price objective for the company. Finally, Truist Financial initiated coverage on shares of Westrock Coffee in a report on Monday, October 7th. They set a “buy” rating and a $10.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Westrock Coffee has a consensus rating of “Buy” and a consensus target price of $11.40.

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.