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

Wall Street brokerages forecast that Tattooed Chef, Inc. (NASDAQ:TTCFGet 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:TTCFGet 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.

See Also

Get a free copy of the Zacks research report on Tattooed Chef (TTCF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Tattooed Chef (NASDAQ:TTCF)

Receive News & Ratings for Tattooed Chef Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tattooed Chef and related companies with MarketBeat.com's FREE daily email newsletter.