Stryve Foods (NASDAQ:SNAX) Stock Price Down 1.1%

Stryve Foods, Inc. (NASDAQ:SNAX)’s share price traded down 1.1% during trading on Monday . The stock traded as low as $2.65 and last traded at $2.71. 8,016 shares traded hands during trading, a decline of 22% from the average session volume of 10,333 shares. The stock had previously closed at $2.74.

Analyst Ratings Changes

Separately, Northland Securities lowered their price objective on Stryve Foods from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday, August 15th.

Stryve Foods Price Performance

The company has a quick ratio of 0.40, a current ratio of 1.16 and a debt-to-equity ratio of 1.89. The firm has a fifty day moving average price of $3.18 and a two-hundred day moving average price of $5.79. The stock has a market capitalization of $6.12 million, a P/E ratio of -0.31 and a beta of 1.00.

Stryve Foods (NASDAQ:SNAX) last released its quarterly earnings data on Monday, August 14th. The company reported ($1.87) EPS for the quarter, topping the consensus estimate of ($2.10) by $0.23. The company had revenue of $6.00 million during the quarter. Stryve Foods had a negative return on equity of 122.85% and a negative net margin of 82.91%. On average, analysts expect that Stryve Foods, Inc. will post -1.67 EPS for the current year.

Insider Buying and Selling at Stryve Foods

In related news, CEO Christopher J. Boever acquired 10,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average cost of $3.88 per share, with a total value of $38,800.00. Following the transaction, the chief executive officer now directly owns 270,078 shares in the company, valued at $1,047,902.64. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Stryve Foods news, CEO Christopher J. Boever purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $3.88 per share, with a total value of $38,800.00. Following the acquisition, the chief executive officer now owns 270,078 shares in the company, valued at $1,047,902.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Boever purchased 8,000 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $3.77 per share, for a total transaction of $30,160.00. Following the completion of the acquisition, the chief executive officer now owns 245,078 shares in the company, valued at approximately $923,944.06. The disclosure for this purchase can be found here. Insiders bought a total of 36,660 shares of company stock worth $141,605 in the last three months. 18.33% of the stock is currently owned by company insiders.

Institutional Trading of Stryve Foods

Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in Stryve Foods by 82.3% in the 1st quarter. Renaissance Technologies LLC now owns 25,700 shares of the company’s stock worth $32,000 after acquiring an additional 11,600 shares during the last quarter. Millennium Management LLC bought a new position in Stryve Foods in the 2nd quarter valued at $50,000. Vanguard Group Inc. grew its position in Stryve Foods by 252.1% in the 1st quarter. Vanguard Group Inc. now owns 58,772 shares of the company’s stock valued at $73,000 after acquiring an additional 42,082 shares during the last quarter. Citadel Advisors LLC bought a new position in Stryve Foods in the 3rd quarter valued at $95,000. Finally, CWA Asset Management Group LLC lifted its holdings in shares of Stryve Foods by 13.5% in the 2nd quarter. CWA Asset Management Group LLC now owns 2,321,369 shares of the company’s stock worth $1,421,000 after buying an additional 276,000 shares during the period.

Stryve Foods Company Profile

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 charcuterie slabs, thinly sliced steaks, air-dried beef sticks, biltong, biltong slabs, crisps, carne seca, sliced biltong, and droëwors products.