Zacks: Brokerages Anticipate Tattooed Chef, Inc. (NASDAQ:TTCF) to Announce -$0.13 EPS

Wall Street brokerages forecast that Tattooed Chef, Inc. (NASDAQ:TTCF – Get Rating) will report earnings of ($0.13) per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Tattooed Chef’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.12). Tattooed Chef reported earnings per share of ($0.10) during the same quarter last year, which would suggest a negative year-over-year growth rate of 30%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Tattooed Chef will report full-year earnings of ($0.47) per share for the current fiscal year, with EPS estimates ranging from ($0.55) to ($0.39). For the next year, analysts anticipate that the firm will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.16) to ($0.14). Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Tattooed Chef.

Tattooed Chef (NASDAQ:TTCF – Get Rating) last posted its earnings results on Wednesday, March 16th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.07). Tattooed Chef had a negative return on equity of 15.08% and a negative net margin of 38.41%.

Separately, Zacks Investment Research downgraded shares of Tattooed Chef from a “hold” rating to a “sell” rating in a research report on Tuesday, March 22nd.

A number of hedge funds have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. boosted its holdings in Tattooed Chef by 7.9% during the third quarter. UBS Asset Management Americas Inc. now owns 15,100 shares of the company’s stock valued at $278,000 after acquiring an additional 1,100 shares during the period. Arizona State Retirement System boosted its holdings in Tattooed Chef by 13.6% during the third quarter. Arizona State Retirement System now owns 11,047 shares of the company’s stock valued at $204,000 after acquiring an additional 1,322 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tattooed Chef by 25.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,241 shares of the company’s stock valued at $128,000 after acquiring an additional 1,662 shares during the period. California State Teachers Retirement System boosted its holdings in Tattooed Chef by 3.2% during the fourth quarter. California State Teachers Retirement System now owns 60,308 shares of the company’s stock valued at $937,000 after acquiring an additional 1,861 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Tattooed Chef by 28.1% during the third quarter. Royal Bank of Canada now owns 10,450 shares of the company’s stock valued at $192,000 after acquiring an additional 2,294 shares during the period. Institutional investors own 15.83% of the company’s stock.

Tattooed Chef stock opened at $10.43 on Thursday. The company has a market capitalization of $857.76 million, a price-to-earnings ratio of -10.23 and a beta of 0.24. Tattooed Chef has a one year low of $10.27 and a one year high of $25.35. The company’s fifty day moving average price is $12.02 and its two-hundred day moving average price is $14.65.

Tattooed Chef Company Profile (Get Rating)

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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