Stryve Foods (SNAX) Scheduled to Post Quarterly Earnings on Monday

Stryve Foods (NASDAQ:SNAX – Get Rating) will be announcing its earnings results after the market closes on Monday, May 15th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Stryve Foods has set its FY 2023 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Stryve Foods (NASDAQ:SNAX – Get Rating) last released its earnings results on Monday, April 3rd. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02. The firm had revenue of $5.41 million for the quarter, compared to analysts’ expectations of $5.98 million. Stryve Foods had a negative net margin of 110.67% and a negative return on equity of 111.93%. During the same quarter last year, the company earned ($0.58) EPS.

Stryve Foods Stock Down 6.6 %

Stryve Foods stock opened at $0.40 on Friday. The stock has a market cap of $12.91 million, a price-to-earnings ratio of -0.37 and a beta of 1.06. The company has a current ratio of 1.82, a quick ratio of 0.66 and a debt-to-equity ratio of 0.97. The company’s 50-day moving average price is $0.51 and its two-hundred day moving average price is $0.61. Stryve Foods has a 52 week low of $0.22 and a 52 week high of $1.46.

Hedge Funds Weigh In On Stryve Foods

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in shares of Stryve Foods by 82.3% during the 1st quarter. Renaissance Technologies LLC now owns 25,700 shares of the company’s stock valued at $32,000 after purchasing an additional 11,600 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Stryve Foods by 252.1% during the 1st quarter. Vanguard Group Inc. now owns 58,772 shares of the company’s stock valued at $73,000 after purchasing an additional 42,082 shares in the last quarter. Millennium Management LLC bought a new position in shares of Stryve Foods during the 2nd quarter valued at about $50,000. Citadel Advisors LLC bought a new position in shares of Stryve Foods during the 3rd quarter valued at about $95,000. Finally, Cannell Capital LLC bought a new position in shares of Stryve Foods during the 1st quarter valued at about $1,924,000. Institutional investors and hedge funds own 12.41% of the company’s stock.

Stryve Foods Company Profile

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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, meat crisps, and nutrition products, as well as carne seca products.