Stryve Foods (SNAX) to Release Earnings on Thursday

Stryve Foods (NASDAQ:SNAXGet Rating) is set to release its earnings data after the market closes on Thursday, May 12th. Analysts expect Stryve Foods to post earnings of ($0.32) per share for the quarter. Stryve Foods has set its FY 2022 guidance at EPS.Persons that wish to register for the company’s conference call can do so using this link.

Stryve Foods (NASDAQ:SNAXGet Rating) last issued its quarterly earnings data on Monday, March 28th. The company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.24). During the same period in the previous year, the company posted ($0.05) earnings per share.

SNAX opened at $0.90 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.66 and a current ratio of 1.27. The stock has a market capitalization of $21.81 million, a PE ratio of -0.53 and a beta of 0.52. The stock’s 50 day moving average price is $1.75 and its 200-day moving average price is $3.10. Stryve Foods has a 52-week low of $0.84 and a 52-week high of $10.70.

A number of brokerages have issued reports on SNAX. Zacks Investment Research downgraded shares of Stryve Foods from a “hold” rating to a “sell” rating in a research report on Friday, April 1st. Craig Hallum cut their target price on shares of Stryve Foods from $15.00 to $3.00 and set a “buy” rating on the stock in a research note on Tuesday, March 29th. Finally, Northland Securities decreased their price target on shares of Stryve Foods from $10.00 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, March 29th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNAX. BlackRock Inc. raised its holdings in Stryve Foods by 145.6% in the fourth quarter. BlackRock Inc. now owns 8,115 shares of the company’s stock worth $32,000 after purchasing an additional 4,811 shares in the last quarter. Northern Trust Corp purchased a new position in shares of Stryve Foods in the fourth quarter worth $42,000. Renaissance Technologies LLC purchased a new stake in shares of Stryve Foods during the fourth quarter valued at $56,000. State Street Corp bought a new stake in Stryve Foods in the 4th quarter worth approximately $58,000. Finally, Geode Capital Management LLC bought a new stake in shares of Stryve Foods during the 4th quarter valued at about $102,000. Institutional investors own 12.25% of the company’s stock.

About Stryve Foods (Get Rating)

Stryve Foods, Inc manufactures, markets, and sells snacking products in North America. The company's product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces meat sticks, chili bites, and meat crisps; and carne seca products.

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Earnings History for Stryve Foods (NASDAQ:SNAX)

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