Tattooed Chef (NASDAQ:TTCF) Shares Gap Down to $6.77

Shares of Tattooed Chef, Inc. (NASDAQ:TTCFGet Rating) gapped down before the market opened on Monday . The stock had previously closed at $6.77, but opened at $6.59. Tattooed Chef shares last traded at $6.77, with a volume of 11,711 shares.

Wall Street Analysts Forecast Growth

TTCF has been the subject of several research analyst reports. Roth Capital lowered shares of Tattooed Chef from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $12.00 to $9.00 in a research note on Tuesday, August 9th. Cowen decreased their price target on shares of Tattooed Chef from $13.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, August 15th. Finally, Cowen decreased their price target on shares of Tattooed Chef from $13.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, August 15th.

Tattooed Chef Price Performance

The firm has a market capitalization of $536.81 million, a PE ratio of -8.04 and a beta of 0.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 2.71. The business’s 50 day moving average is $6.69 and its two-hundred day moving average is $8.24.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. State Street Corp grew its position in shares of Tattooed Chef by 3.2% during the 2nd quarter. State Street Corp now owns 923,298 shares of the company’s stock valued at $5,817,000 after purchasing an additional 28,378 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Tattooed Chef by 7.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 716,245 shares of the company’s stock valued at $4,512,000 after purchasing an additional 51,138 shares in the last quarter. Davy Global Fund Management Ltd grew its position in shares of Tattooed Chef by 18.2% during the 1st quarter. Davy Global Fund Management Ltd now owns 665,107 shares of the company’s stock valued at $8,367,000 after purchasing an additional 102,569 shares in the last quarter. Northern Trust Corp grew its position in shares of Tattooed Chef by 3.2% during the 4th quarter. Northern Trust Corp now owns 456,733 shares of the company’s stock valued at $7,098,000 after purchasing an additional 14,332 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Tattooed Chef by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 332,664 shares of the company’s stock valued at $4,185,000 after purchasing an additional 4,195 shares in the last quarter. 16.66% 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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