Tattooed Chef, Inc. (NASDAQ:TTCF) – Research analysts at Jefferies Financial Group decreased their Q2 2021 earnings estimates for Tattooed Chef in a note issued to investors on Wednesday, May 12th. Jefferies Financial Group analyst R. Dickerson now forecasts that the company will post earnings of ($0.01) per share for the quarter, down from their prior estimate of $0.02. Jefferies Financial Group has a “Hold” rating and a $21.00 price objective on the stock. Jefferies Financial Group also issued estimates for Tattooed Chef’s Q3 2021 earnings at $0.03 EPS, Q4 2021 earnings at $0.03 EPS, Q1 2022 earnings at $0.05 EPS and Q1 2023 earnings at $0.09 EPS.
Separately, Zacks Investment Research upgraded Tattooed Chef from a “sell” rating to a “hold” rating in a research report on Friday, May 14th.
Shares of TTCF stock opened at $19.84 on Monday. The stock has a 50 day moving average of $18.13 and a two-hundred day moving average of $20.27. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.36. Tattooed Chef has a 12 month low of $10.62 and a 12 month high of $28.64.
Tattooed Chef (NASDAQ:TTCF) last announced its earnings results on Wednesday, May 12th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.12). The company had revenue of $52.70 million during the quarter, compared to analysts’ expectations of $46.40 million. During the same period last year, the firm posted $0.17 EPS. The firm’s revenue for the quarter was up 58.7% compared to the same quarter last year.
Several institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG raised its holdings in shares of Tattooed Chef by 3.4% in the 1st quarter. UBS Group AG now owns 27,075 shares of the company’s stock worth $526,000 after buying an additional 885 shares in the last quarter. Inspire Advisors LLC acquired a new position in shares of Tattooed Chef in the 4th quarter worth approximately $33,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Tattooed Chef in the 1st quarter worth approximately $31,000. Institutional & Family Asset Management LLC acquired a new position in shares of Tattooed Chef in the 1st quarter worth approximately $39,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Tattooed Chef in the 1st quarter worth approximately $50,000. 7.37% of the stock is owned by institutional investors and hedge funds.
In related news, Director Daniel James Williamson bought 250,000 shares of the company’s stock in a transaction dated Thursday, April 15th. The stock was acquired at an average cost of $10.00 per share, with a total value of $2,500,000.00. Following the acquisition, the director now owns 257,471 shares in the company, valued at approximately $2,574,710. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Salvatore Galletti sold 800,000 shares of the stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $10.00, for a total value of $8,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 31,266,210 shares of the company’s stock, valued at $312,662,100. The disclosure for this sale can be found here. 21.65% of the stock is currently owned by company insiders.
Tattooed Chef Company Profile
Tattooed Chef, Inc, a plant-based food company, produces and sells a portfolio of frozen foods. It supplies plant-based products to retailers in the United States. The company offers ready-to-cook bowls, zucchini spirals, riced cauliflower, acai and smoothie bowls, cauliflower crust pizza, and plant-based burgers.
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