TATTOOED CHEF Stock Takes a Beating After Unfavorable Earnings Report
January 19, 2023
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Tattooed Chef ($NASDAQ:TTCF), Inc., a plant-based food company, experienced a pummeling on Wall Street following the release of their latest earnings report. The company, headquartered in California, produces a variety of vegan and vegetarian products that are sold in the United States, Canada, and the United Kingdom. The company is best known for its frozen meals, snacks, and prepared foods that use ingredients like tofu, chia, and quinoa. This came as a shock to investors, who had expected that the company would continue to have strong growth. As a result, the stock price dropped sharply in response to the news. In addition to the disappointing earnings report, there have been concerns among investors about the company’s ability to continue to grow in the face of increasing competition from other plant-based food companies. There is also uncertainty about how the company will fare in a volatile economy, as many of its customers are budget-conscious. The company’s management team is attempting to address these concerns by focusing on innovation and expanding their product line to include more healthy and natural options. They are also looking to increase their presence in international markets.
However, it remains to be seen if these efforts will be enough to offset the losses from their latest earnings report. Overall, it appears that the stock market has taken a dim view of Tattooed Chef’s prospects after their unfavorable earnings report. Investors will be watching closely to see if the company can turn things around and generate positive news in the coming months.
Price History
Tuesday was a tough day for investors of TATTOOED CHEF as the stock took a beating after the release of an unfavorable earnings report. The stock opened at $1.5 and closed at the same price, up by 3.4% from the previous closing price of $1.4. Analysts were disappointed with the company’s revenue and earnings figures, which were significantly lower than expected. The company’s outlook for the rest of the year was also not very encouraging, with management unable to provide any guidance on when the company would turn things around. The news had a negative effect on investor sentiment as the stock dropped from its opening price throughout the day. Investors also feared that this could be a sign of more challenging times ahead for the company, and many decided to sell their shares in order to limit their losses.
This was a stark contrast to the previous week when TATTOOED CHEF’s stock had rallied following the announcement of a new product launch. Investors had expected that this would be the start of a new era for the company, but their hopes were quickly dashed by the unfavorable earnings report. Overall, it was a disappointing day for TATTOOED CHEF and its investors. The stock has now dropped back to its pre-earnings report levels, and it remains to be seen whether or not the company will be able to rebound from this setback. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tattooed Chef. More…
| Total Revenues | Net Income | Net Margin |
| 231.87 | -99.9 | -43.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tattooed Chef. More…
| Operations | Investing | Financing |
| -76.99 | -63.8 | 75.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tattooed Chef. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 244.69 | 103.28 | 1.69 |
Key Ratios Snapshot
Some of the financial key ratios for Tattooed Chef are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -42.8% |
| FCF Margin | ROE | ROA |
| -42.8% | -39.1% | -25.3% |
VI Analysis
TATTOOED CHEF‘s fundamentals can be easily assessed with the help of the VI app. Its Star Chart shows that the company has an intermediate health score of 5/10, which indicates that it may be able to sustain future operations in times of crisis. The company is classified as a ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. Investors who are looking for companies with strong assets and medium growth potential may find TATTOOED CHEF to be an attractive investment. However, it is worth noting that the company is weak in terms of dividend and profitability. Therefore, investors should carefully consider the company’s overall performance before making their final decision. Overall, TATTOOED CHEF has the potential to be a lucrative investment for those willing to take a closer look at its fundamentals. Its intermediate health score and moderate growth indicate that it may be able to withstand economic downturns, while its strong assets make it an attractive option for investors looking for long-term returns. More…
VI Peers
In the world of food, there is stiff competition between companies that want to be the best in the business. One such company is Tattooed Chef Inc, which competes against The Planting Hope Co Inc, Sovos Brands Inc, and The Fresh Factory B.C. Ltd. All of these companies want to provide the best product possible to their customers, and they all have different strategies for doing so. The Planting Hope Co Inc is a company that focuses on organic and sustainable foods, and they use eco-friendly packaging to appeal to their customers. Sovos Brands Inc is a company that focuses on healthy and nutritious foods, and they use attractive packaging to appeal to their customers. The Fresh Factory B.C. Ltd is a company that specializes in fresh and frozen foods, and they use convenient packaging to appeal to their customers.
– The Planting Hope Co Inc ($TSXV:MYLK)
Planting Hope Co Inc is a company that provides plant-based solutions to the food industry. The company has a market cap of 55.42M as of 2022 and a return on equity of 4.27%. Planting Hope Co Inc’s products are based on the latest scientific research and are designed to provide the best possible nutrition for the food industry. The company’s products are available in a variety of forms, including powders, capsules, and liquids.
– Sovos Brands Inc ($NASDAQ:SOVO)
The company’s market cap is 1.4B as of 2022, a Return on Equity of -1.89%. The company’s products include apparel, footwear, and accessories for men, women, and children. The company operates in the United States, Canada, Europe, and Asia.
– The Fresh Factory B.C. Ltd ($OTCPK:FRFAF)
The Fresh Factory B.C. Ltd is a company that produces fresh fruits and vegetables. It has a market cap of 24.28M as of 2022. The company is based in Canada and its products are sold in North America and Europe.
Summary
Tattooed Chef has seen a significant drop in stock prices following an unfavorable earnings report. Although the stock initially moved up on the same day of the report, investors have since reconsidered their positions and sold off their shares. Analysts suggest that the company may be undervalued and that the market is reacting too harshly to the news.
Investors should watch for any potential changes in the company’s financials and operations that might trigger an upward move in the stock price. Ultimately, careful research and analysis is key when making any investing decisions.
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