Stryve Foods (SNAX) to Release Earnings on Thursday

Stryve Foods (NASDAQ:SNAX – Get Rating) will announce its earnings results after the market closes on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.32) per share for the quarter. Stryve Foods has set its FY 2022 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Stryve Foods (NASDAQ:SNAX – Get Rating) last announced its quarterly earnings results on Monday, March 28th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.24). During the same period in the previous year, the firm earned ($0.05) EPS.

SNAX stock opened at $0.90 on Thursday. The firm has a 50 day moving average of $1.75 and a 200-day moving average of $3.10. The company has a current ratio of 1.27, a quick ratio of 0.66 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $21.81 million, a P/E ratio of -0.53 and a beta of 0.52. Stryve Foods has a 12 month low of $0.84 and a 12 month high of $10.70.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC bought a new position in Stryve Foods in the third quarter valued at $344,000. Northern Trust Corp bought a new position in shares of Stryve Foods during the 4th quarter valued at about $42,000. Renaissance Technologies LLC purchased a new position in shares of Stryve Foods during the 4th quarter valued at about $56,000. Geode Capital Management LLC bought a new stake in Stryve Foods in the 4th quarter worth approximately $102,000. Finally, State Street Corp purchased a new stake in Stryve Foods in the fourth quarter worth approximately $58,000. 12.25% of the stock is owned by institutional investors.

Stryve Foods Company Profile (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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