How to Buy Tattooed Chef (TTCF) Stock Today

The food industry is continually expanding because of a constantly growing world population. Tattooed Chef is proving to be an important part of that market.

Although the company has suffered some setbacks of late, we all still have our eyes on them.

How to buy shares in Tattooed Chef

1. Open a stock trading account - We recommend using Webull as it offers free stocks when you sign-up.
2. Confirm your payment details - Add your payment method and fund your account.
3. Research the stock - Search for the stock by name or ticker symbol - TTCF.
4. Decide the amount of shares - Now it is time to decide how many shares you want to buy of Tattooed Chef.
5. Purchase shares of TTCF - Buy the amount of shares you want with a market order or limit order.

About Tattooed Chef, Inc.

Tattooed Chef (NASDAQ: TTCF) is a foremost food brand founded to provide tastier and better plant-based food options. They ensure this by using ingredients from sustainable sources.

Tattooed Chef offers a range of foods — from fresh to frozen — to suit various food needs.  The company has multiple signature products, including ready-to-cook dishes, riced cauliflower, acai, zucchini spirals, cauliflower pizza crusts, and smoothie bowls.

Innovative in operation, they have adapted their product options for various daily routines and dietary requirements. The company has two manufacturing plants.

One is in Italy, where they source most of the ingredients, while the other is in California.  Meanwhile, they make sales through 31,000 distribution points and over 6,000 stores.

The company’s target is to have over 10,000 stores by the close of the year 2021.  The headquarters of Tattooed Chef is in Paramount, California.

With more than 35 years in the food industry, the founder of Tattooed Chef is Sam Galetti. 

Should I Buy Tattooed Chef Stock?

Tattooed Chef’s brand is quite fascinating — their business model, quality of services, and how they are disrupting the food space. There are many positive things to say about them, but this article is considering their stock price. 

Are you wondering if you should buy Tattooed Chef stock?  Here, we’ll provide all the insight you need to make an investment decision.

But before we get into that, let’s give you some background into Tattooed Chef and their brand. 

Tattooed Chef Stock Price Today

Bull Case

It’s immediately obvious there’s no limit to how much Tattooed Chef can scale. The company’s financial footprints and established targets position them for tremendous success. 

According to their first-quarter financial reports, the company’s revenue grew by 59% from $19.5 million.  Other factors that make a case for a bull run include:

• The brand has a solid appeal to the teeming youthful population. The convenience of their products makes it easy for “millennials and Gen Z” to resonate with Tattooed Chef. The company looks in pole position to take advantage of a plant-based food market set to clock $74.2 billion by 2027. 
• In two quick giant strides, Tattooed Chef acquired two companies in May. The companies are Karsten Tortilla Factory and New Mexico Food Distributors.
• The acquisition of both companies launches Tattooed Chef into the Mexican plant-based cuisine. It’s a calculated business move that cost Tattooed Chef about $37 million.
• Tattooed Chef has a vast customer base spread across the United States. Their customer base keeps expanding by the day, as well as their available products. They intend on growing their product line to over 200 food products while venturing into other food areas.
• They have a stable and strong balance sheet. At the end of the Q1, Tattooed Chef only had only about $2 million in debt with a cash balance of over $180 million. The company’s total asset value sums up to $332 million, with liabilities of just $45 million.

In essence, it appears the vision is that Tattooed Chef could be the mainstay food source of an individual or a family. The company also has the product variety to back up this lifestyle. 

Bear Case

There are two sides to every investment. While there’s every possibility of making a profit on Tattooed Chef stock, losses are a distant possibility.

Negative headlines that indicate a possible bear run include: 

• According to Tattooed Chef’s first-quarter report 2021, their YOY gross margin was down by 2%. The company lost $7.9 million from a net income of about $6 million. The company also recorded an adjusted EBITDA loss of $3.0 million. 
• CFO’s resignation: The last couple of months have been busy at Tattooed Chef. In April 2021, the CFO of the company tendered his resignation letter with immediate effect. The sudden resignation is raising eyebrows that some things may be wrong within the company. 
• Sales of shares: Recently, Tattooed Chef’s CEO — Salvatore Galletti — sold about 1.3 million shares. The CEO still owns more than 30 million shares, but these sales further raise some doubts.

You should note that Tattooed Chef does not pay a dividend. It’s doubtful they’ll eventually start paying dividends.

Tattooed Chef Competitors

Final Verdict

In conclusion, Tattooed Chef is a food company focused on plant-based food products. The company has grown since its inception and recently acquired more companies. They have equally grown in strength, consumer base, and food offerings.

Tattooed Chef has made a huge turnover in the past. In fact, that was how many people came to know them. In November 2020, the company stocks were down 11%. 

Many big players were hit by the pandemic too. Maybe that also had a role in the downturn in Tattooed Chef share prices.

But in December 2020, Tattooed Chef came back with a bang. They soon caught the eyes of the public. Who wouldn’t notice a 50.2% rise in shares? The sudden increase in share prices coincided with a compelling product launch.

If a company can rebound this big thanks to a product launch, maybe they just need to introduce more products periodically. However, we all know it’s never that straightforward in the world of investments. 

Tattooed Chef is on a growth trajectory that may continue through the year. The prediction for continued growth is taking the absence of dramatic bombshells as a given. 

What makes a good investor is the ability to make decisions like this — the tough ones. 

From the information in this blog, there are justifications for investing or not. Tattooed Chef is a promising company. If you decide to invest in the company, do so with proper risk management and monitor the market trends. Happy hunting! (Learn how to buy stocks.)