Equities Analysts Issue Forecasts for Stryve Foods, Inc.’s Q1 2024 Earnings (NASDAQ:SNAX)

Stryve Foods, Inc. (NASDAQ:SNAX) – Northland Capmk issued their Q1 2024 EPS estimates for Stryve Foods in a report issued on Tuesday, April 2nd. Northland Capmk analyst M. Grondahl expects that the company will post earnings per share of ($1.76) for the quarter. The consensus estimate for Stryve Foods’ current full-year earnings is ($5.76) per share. Northland Capmk also issued estimates for Stryve Foods’ Q2 2024 earnings at ($1.55) EPS, Q3 2024 earnings at ($1.37) EPS, Q4 2024 earnings at ($1.10) EPS and FY2024 earnings at ($5.76) EPS.

Stryve Foods Trading Up 1.8 %

Shares of Stryve Foods stock opened at $1.16 on Thursday. The company has a market capitalization of $2.78 million, a price-to-earnings ratio of -0.13 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 0.76 and a debt-to-equity ratio of 2.70. Stryve Foods has a 12-month low of $1.04 and a 12-month high of $12.75. The firm’s 50-day moving average price is $1.35 and its two-hundred day moving average price is $2.18.

Institutional Investors Weigh In On Stryve Foods

A number of large investors have recently bought and sold shares of the company. Cannell Capital LLC acquired a new stake in shares of Stryve Foods in the 1st quarter valued at approximately $1,924,000. Vanguard Group Inc. raised its holdings in Stryve Foods by 150.0% in the 3rd quarter. Vanguard Group Inc. now owns 937,106 shares of the company’s stock valued at $497,000 after buying an additional 562,244 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in Stryve Foods by 13.8% during the 4th quarter. CWA Asset Management Group LLC now owns 231,555 shares of the company’s stock worth $602,000 after purchasing an additional 28,000 shares during the last quarter. Citadel Advisors LLC bought a new position in Stryve Foods during the 3rd quarter worth approximately $95,000. Finally, Renaissance Technologies LLC raised its holdings in Stryve Foods by 52.2% during the 3rd quarter. Renaissance Technologies LLC now owns 80,680 shares of the company’s stock worth $43,000 after purchasing an additional 27,680 shares during the last quarter. 40.28% of the stock is currently owned by institutional investors and hedge funds.

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, as well as markets and sells human-grade pet treats under the brand Two Tails.