UBS Group initiated coverage on shares of Tattooed Chef (NASDAQ:TTCF – Get Rating) in a research note published on Friday morning, The Fly reports. The brokerage issued a neutral rating and a $6.00 price objective on the stock.

Several other research analysts have also commented on the company. Cowen cut their price objective on Tattooed Chef from $13.00 to $10.00 and set an outperform rating on the stock in a research report on Monday, August 15th. Roth Capital lowered Tattooed Chef from a buy rating to a neutral rating and cut their price objective for the company from $12.00 to $9.00 in a research report on Tuesday, August 9th. Finally, Cowen cut their price objective on Tattooed Chef from $13.00 to $10.00 and set an outperform rating on the stock in a research report on Monday, August 15th.

Tattooed Chef Stock Performance

NASDAQ:TTCF opened at $4.98 on Friday. The firm has a 50 day simple moving average of $6.46 and a 200-day simple moving average of $7.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.71 and a quick ratio of 1.44. The firm has a market cap of $410.65 million, a PE ratio of -6.15 and a beta of 0.53. Tattooed Chef has a 1-year low of $4.88 and a 1-year high of $19.02.

Institutional Trading of Tattooed Chef

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Federated Hermes Inc. increased its position in shares of Tattooed Chef by 20.3% during the second quarter. Federated Hermes Inc. now owns 22,619 shares of the company's stock worth $143,000 after acquiring an additional 3,820 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of Tattooed Chef during the second quarter worth about $233,000. Legal & General Group Plc increased its position in shares of Tattooed Chef by 16.7% during the second quarter. Legal & General Group Plc now owns 17,466 shares of the company's stock worth $110,000 after acquiring an additional 2,497 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Tattooed Chef by 62.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 37,297 shares of the company's stock worth $235,000 after acquiring an additional 14,360 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of Tattooed Chef during the second quarter worth about $461,000. 16.66% of the stock is 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.

Further Reading

• Get a free copy of the StockNews.com research report on Tattooed Chef (TTCF)
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