Summary: 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.
|Tattooed Chef, Inc.|
|6305 Alondra Boulevard, Paramount, CA, United States|
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.
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What Does Tattooed Chef Provide?
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.
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:
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.
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:
You should note that Tattooed Chef does not pay a dividend. It’s doubtful they’ll eventually start paying dividends.
Tattooed Chef Competitors
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.)