$64.70 Million in Sales Expected for Tattooed Chef, Inc. (NASDAQ:TTCF) This Quarter

Equities analysts expect that Tattooed Chef, Inc. (NASDAQ:TTCF – Get Rating) will announce sales of $64.70 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Tattooed Chef’s earnings. The lowest sales estimate is $64.00 million and the highest is $65.40 million. Tattooed Chef reported sales of $50.72 million in the same quarter last year, which indicates a positive year over year growth rate of 27.6%. The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Tattooed Chef will report full year sales of $280.28 million for the current fiscal year, with estimates ranging from $279.64 million to $281.20 million. For the next financial year, analysts expect that the firm will post sales of $347.28 million, with estimates ranging from $338.00 million to $353.83 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Tattooed Chef.

Tattooed Chef (NASDAQ:TTCF – Get Rating) last announced its earnings results on Wednesday, March 16th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.10). Tattooed Chef had a negative net margin of 39.36% and a negative return on equity of 21.03%. The firm had revenue of $52.34 million during the quarter, compared to analyst estimates of $51.07 million.

TTCF has been the topic of several research analyst reports. Zacks Investment Research downgraded Tattooed Chef from a “hold” rating to a “sell” rating in a research note on Tuesday, March 22nd. Cowen cut their price objective on Tattooed Chef from $18.00 to $13.00 in a report on Tuesday, May 10th. Finally, Cowen cut their price objective on Tattooed Chef from $18.00 to $13.00 in a report on Tuesday, May 10th.

NASDAQ TTCF opened at $6.68 on Friday. The company has a market cap of $549.35 million, a price-to-earnings ratio of -5.86 and a beta of 0.52. The stock’s fifty day moving average price is $9.50 and its 200 day moving average price is $12.61. Tattooed Chef has a 1 year low of $5.84 and a 1 year high of $25.35.

Institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. grew its holdings in Tattooed Chef by 166.7% during the third quarter. Advisor Group Holdings Inc. now owns 5,249 shares of the company’s stock worth $97,000 after acquiring an additional 3,281 shares during the period. Van ECK Associates Corp grew its holdings in Tattooed Chef by 1,381.6% during the fourth quarter. Van ECK Associates Corp now owns 5,482 shares of the company’s stock worth $85,000 after acquiring an additional 5,112 shares during the period. Ensign Peak Advisors Inc acquired a new stake in Tattooed Chef during the fourth quarter worth about $125,000. Royal Bank of Canada grew its holdings in Tattooed Chef by 41.1% during the second quarter. Royal Bank of Canada now owns 8,156 shares of the company’s stock worth $175,000 after acquiring an additional 2,374 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew 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 worth $128,000 after acquiring an additional 1,662 shares during the period. 17.50% of the stock is currently owned by hedge funds and other institutional investors.

About Tattooed Chef (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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