Tattooed Chef (NASDAQ:TTCF) Releases FY 2021 Earnings Guidance

Wednesday, June 9, 2021 | MarketBeat

Tattooed Chef (NASDAQ:TTCF) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $235 million-242 million, compared to the consensus revenue estimate of $224 million.

A number of research firms have weighed in on TTCF. Jefferies Financial Group reissued a hold rating and set a $21.00 price objective on shares of Tattooed Chef in a report on Tuesday, May 11th. Zacks Investment Research raised shares of Tattooed Chef from a sell rating to a hold rating in a report on Friday, May 14th.

Shares of NASDAQ TTCF opened at $23.20 on Wednesday. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -31.78 and a beta of 0.04. Tattooed Chef has a one year low of $11.31 and a one year high of $28.64. The stock's fifty day moving average is $19.14. The company has a quick ratio of 5.48, a current ratio of 6.40 and a debt-to-equity ratio of 0.01.

Tattooed Chef (NASDAQ:TTCF) last issued its earnings results on Wednesday, May 12th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.12). The business had revenue of $52.70 million for the quarter, compared to the consensus estimate of $46.40 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The business's quarterly revenue was up 58.7% on a year-over-year basis. As a group, equities research analysts forecast that Tattooed Chef will post -0.06 earnings per share for the current year.

In other Tattooed Chef news, CEO Salvatore Galletti sold 800,000 shares of the company's 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 owns 31,266,210 shares in the company, valued at approximately $312,662,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel James Williamson purchased 250,000 shares of the firm's stock in a transaction on Thursday, April 15th. The stock was bought at an average price 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 $2,574,710. The disclosure for this purchase can be found here. 42.90% of the stock is currently owned by corporate insiders.

About Tattooed Chef

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.

Read More: What is Call Option Volume?

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Tattooed Chef right now?

Before you consider Tattooed Chef, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tattooed Chef wasn't on the list.

While Tattooed Chef currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.