Tattooed Chef Inc (TTCFQ)

[Norton1973]

Nice Buys!, OPEN, is a good one to hold. Imo

[Dennisb68]

Me too. Most of my shares I bought at under $10.00.

[Norton1973]

TTCF, still a long term holder.

[Dennisb68]

Looks like we open higher today!

[Dennisb68]

Nice gain again today. I still believe we see $40 by year end. I think Q3 is going to blow it out of the water.

[Televet]

Took back the recent dip...let's GO!!

[Dennisb68]

Up another 3.2% tooday.

[Dennisb68]

Nice!

[Televet]

Institutions buying big time!

[Dennisb68]

Up almost 10% today.

[Dennisb68]

Back above $18. Time for a PR that they were picked up by another big retailer.

[Dennisb68]

45% of TTCF stock is owned by insiders, Who knows better then them?

[Dennisb68]

Up 7% today. Nice..

[Dennisb68]

I bought the Cauliflower Mac & Cheese Bowl, Plant-Powered Burrito Bowl, Pizza Bowl, and Mac and cheese Bowl to try. I like the ones that I bought before.

[Dennisb68]

I believe we see 28.91 long before a year from now.

[Televet]

From Wallstreetfacts:

Forecast & Beta

As an investor, you can get an idea of where the stock is trending by the forecast and beta. Beta is calculated using regression analysis. A beta of 1 indicates that the security’s price tends to move with the market. A beta greater than 1 indicates that the security’s price tends to be more volatile than the market. A beta of less than 1 means it tends to be less volatile than the market. Tattooed Chef Inc has a beta of 1. Knowing all of this, we project that Tattooed Chef Inc will have a price of $28.917 in 12-months compared to its current price of $17.01

We can also take a look at the company’s market cap. Market cap is important because it allows investors to understand the relative size of one company versus another. Market cap measures what a company is worth on the open market, as well as the market’s perception of its prospects because it reflects what investors are willing to pay for its stock. Tattooed Chef Inc has a market cap of $1393776795.

[Televet]

Tattooed Chef: Buy The Dip

https://seekingalpha.com/article/4449590-tattooed-chef-buy-the-dip?mail_subject=ttcf-tattooed-chef-buy-the-dip&utm_campaign=rta-stock-article&utm_content=link-2&utm_medium=email&utm_source=seeking_alpha

Conclusion

Overall, my opinion about Tattooed Chef does not change. The long-term thesis is intact and I still believe the full-year revenue result will be better than the midpoint of the guidance.

However, I see the negative QoQ revenue growth and the unstable margins with the downwards EBITDA guidance revision as yellow flags.

Therefore, even though the price drop makes the valuation of TTCF more appealing, I update my rating from "Strong Bullish" to "Bullish".

Finally, I think this is a good opportunity to buy the dip, always keeping in mind the portfolio composition and controlling the overall exposure to the company.

[Dennisb68]

And a few other retailers as well. Target was sold out of all but two choices when I was there so I am looking forward to trying others when they restock. I have the egg roll bowl in my freezer.

[Dennisb68]

And a few other retailers as well. Target was sold out of all but two choices when I was there so I am looking forward to trying others when they restock.

[Golden Cross]

Large Gap to fill on the upside.... $TTCF

[Golden Cross]

Sounds good... Going to try pizza bowl this week... Yes, sales will show up for Kroger going forward...

[Dennisb68]

I had that Buddha bowl the other night. If a person likes their food a little spicy they would like it. Kroger is a recent retailer so their sales didn’t show up in the last earnings.

[Golden Cross]

TTCF at my local Kroger now

[Dennisb68]

The stock will come back. They have picked up some big retailers in the last few months but sales from them didn’t show up in the latest financials but they will in Q3 and Year end financials. Also the loss. We had in Q2 was a one time deal. I expect this will be a $40 stock within 6 months.

[Televet]

Maybe not. Guess investors were xpecting more.

[TechWhiz]

Just curious why you would buy 1,000 shares on Tuesday and another 1,000 shares on Wednesday and tie up all that $$$ in a company that hasn't done well all year?

Are you expecting some big news soon?

[Televet]

Great results IMO.

Should see some gains after hours and continue the upward trend into next week.

[Televet]

Outlook

For full year 2021, the Company now expects:

Revenue in the range of $235 million to $242 million, an increase of 58% to 63% compared to 2020. This guidance implies 49% year-over-year growth on the base business to $222 million, and a $13 million to $20 million contribution from one of the two facilities included in the Foods of New Mexico acquisition. The Company does not expect the second facility, Karsten, to have a material impact on 2021 revenue because of the timing of equipment being installed during the fourth quarter.

Gross margin in the range of 16% to 22%

Adjusted EBITDA of negative $14 million to $17 million. The Company is committed to an aggressive plan of growing its brand through extensive marketing and promotional spending that has already produced significant revenue growth in both grocery and mass retail. To augment the revenue growth, the Company has invested in its staff and infrastructure, equipment, brand visibility, and customer acquisition costs to meet the marketplace demands and the Company’s current and future goals. The Company also continues to be impacted by increases in logistic costs, storage fees, legal and accounting fees, and marketplace shortages in packaging products.

Capital expenditures in the range of $15 million to $20 million

[Televet]

Financial Highlights for the Second Quarter of 2021 Compared to the Second Quarter of 2020

Revenue was $50.7 million, a 45.9% increase compared to $34.8 million in the prior year period; Tattooed Chef branded product revenue was $33.1 million, an increase of 62.3% compared to $20.4 million in the prior year period.

Gross profit was $8.0 million, or 15.7% gross margin, compared to $3.7 million, or 10.8% gross margin, in the prior year period.

Net loss was $53.2 million compared to net income of $1.3 million in the prior year period. This loss includes a one-time, non-cash expense of $46.0 million resulting from a valuation allowance on a deferred tax asset due to additional investments.

Adjusted EBITDA was negative $5.9 million compared to Adjusted EBITDA of positive $2.0 million in the prior year period. Adjusted EBITDA is a non-GAAP financial measure defined under “Non-GAAP Measures.” Please see “Adjusted EBITDA Reconciliation” at the end of this press release.

[Televet]

Tattooed Chef Reports Second Quarter 2021 Financial Results

https://finance.yahoo.com/news/tattooed-chef-reports-second-quarter-201400585.html

[Dennisb68]

And I just added another 1000 shares on the dip. Thank you.

[Dennisb68]

I picked up another 1000 shares today and stopped at Target's and picked up some Tattoed Chef for dinner.

[Televet]

TATTOOED CHEF LAUNCHES NEW INNOVATION ITEMS AT SPROUTS FARMERS MARKET


https://ir.tattooedchef.com/news-releases/news-release-details/tattooed-chef-launches-new-innovation-items-sprouts-farmers

[Dennisb68]

Picked up another 2000 shares this morning.

[Dennisb68]

Earnings out next week.

[ttubular]

This is way over due for a nice run

[Dennisb68]

I think after the next earnings report we will likely see the share price increase and they will show expanding sales.

[ttubular]

Don’t understand y we r stuck down here. Their products are great n they are expanding really well n the SP doecc do not really reflect what is going on

[yanquitrader]

We bounced 3x off of ~ $19. I think the low is in and, when we breach $20 (today?) this should take off pretty nicely.

[Televet]

https://ir.tattooedchef.com/news-releases/news-release-details/tattooed-chef-launch-kroger-stores-nationwide

[Dennisb68]

I feel this is way under priced and I picked up another 1000 shares today.

[Dennisb68]

That is great news and will help the bottom line by quite a bit.

[Tha Part Time Er]

https://finance.yahoo.com/news/tattooed-chef-launch-kroger-stores-120000706.html

[budgetthis]

Thanks for the recap, TechWhiz.....

Happy July 4th to all !!

[TechWhiz]

Hey Buddy - good to see you here.

TTCF could be a decent company if they can get back above $25 and hold that level. They have increased their spending and expenses a lot over the past few Quarters, buy should start to see some rewards starting in the 4th Quarter. Definitely not a get rich quick opportunity like some of our other winners

They continue to grow with new products and availability in more locations plus 2 recent acquisitions. Future looks promising.

[Dennisb68]

Not a great day but with the gains we saw this week we could expect to give a little back. Hopefully we are green again tomorrow.

[Dennisb68]

That would be sweet!

[Televet]

Wall Street Facts

Here is the 12-month forecast for Tattooed Chef Inc($TTCF)

https://wallstreetfacts.com/2021/06/29/here-is-the-12-month-forecast-for-tattooed-chef-incttcf-2/?utm_source=dlvr.it&utm_medium=stocktwits

As an investor, you can get an idea of where the stock is trending by the forecast. In this case, TTCF is projected to have a price of $82.11 in one year which is a 405% change. They have a very bright future ahead of them.

Like this prediction

[Televet]

Up .81 premkt. Like this trend.

[Dennisb68]

Closed up 25 cents in AH trading.