Tattooed Chef, Inc. (NASDAQ:TTCF – Get Rating)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $6.27, but opened at $7.08. Tattooed Chef shares last traded at $6.85, with a volume of 14,336 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Cowen reduced their target price on shares of Tattooed Chef from $13.00 to $10.00 and set an "outperform" rating for the company in a research report on Monday, August 15th. Roth Capital cut shares of Tattooed Chef from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $12.00 to $9.00 in a research report on Tuesday, August 9th. Finally, Cowen cut their price objective on shares of Tattooed Chef from $13.00 to $10.00 and set an "outperform" rating for the company in a research report on Monday, August 15th.

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Tattooed Chef Stock Performance

The company has a quick ratio of 1.44, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. The stock has a market cap of $625.87 million, a price-to-earnings ratio of -9.37 and a beta of 0.55. The company has a 50 day simple moving average of $6.68 and a 200 day simple moving average of $8.78.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Arizona State Retirement System raised its stake in Tattooed Chef by 20.3% during the second quarter. Arizona State Retirement System now owns 13,330 shares of the company's stock worth $84,000 after acquiring an additional 2,249 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in Tattooed Chef during the second quarter worth about $87,000. Amalgamated Bank acquired a new position in Tattooed Chef during the first quarter worth about $97,000. Quantbot Technologies LP raised its stake in Tattooed Chef by 1,993.0% during the second quarter. Quantbot Technologies LP now owns 16,032 shares of the company's stock worth $101,000 after acquiring an additional 15,266 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Tattooed Chef by 16.7% in the second quarter. Legal & General Group Plc now owns 17,466 shares of the company's stock valued at $110,000 after buying an additional 2,497 shares during the period. Institutional investors and hedge funds own 17.50% of the company's stock.

About Tattooed Chef

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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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