These numbers were down significantly year-over-year, especially the EPS, which showed a 40% yoy drop. With a return potential of ~18%, the stock's consensus target price stands at $28.29. In recent months, Good Catch announced a joint distribution venture with Bumble Bee Foods, as well as new backing from celebrities Woody Harrelson, Shailene Woodley, Paris Hilton and Lance Bass, which signifies the overwhelming belief in the future of plant-based seafood. (To watch Chiang’s track record, click here)The analyst consensus here is a Moderate Buy, based on 8 reviews that include 3 Buys and 5 Holds. We are fully committed to delivering high quality plant-based seafood products which delight and satisfy our consumers each and every time.". We believe it could lead to a healthier long-term prosperity for a social app,” Chiang noted.Chiang sets a $25 price target here, indicating a possible 68% upside potential, to go along with his Buy rating. The facility currently has 52 employees and is on track to expand to full capacity with up to 80 positions by the end of the year. Looking for an alternative to low-interest savings accounts or bonds? Good Catch products are plant-based alternatives to traditional seafood products without the concern of marine-based heavy metals, microplastics or seafood allergens, it … And second, Democrat Joe Biden will take office in the White House, with a strengthened GOP opposition in Congress. In the nearest he has come to a concession, Republican Trump said if Biden is certified the election winner by the Electoral College he will depart the White House. The frozen entrees and appetizers are crafted from Good Catch's proprietary six-legume blend (peas, chickpeas, lentils, soy, fava beans and navy beans), which is high in protein and used as the base of Good Catch products to mimic the texture and flakiness of seafood. Rabobank: 2020 farmed shrimp output drop may be less than expected, Ecuadorian shrimp collective launches consumer traceability app, COVID-19 recap, Nov. 25: China shrimp imports depressed, but German salmon consumption booms, Camanchaca renews trout JV with Caleta Bay, Kabsa, EJF: Taiwan fishing vessels targeting dolphins as bait for shark catches, ISSF launches social, labor standards for tuna supply chains, Ecuadorian tuna fleet makes final push for MSC certification, NGO urges tuna commission to implement new observer safeguards, Canada, UK trade talks advance ahead of Brexit deadline, Rafael aka ‘Codfather’ faces federal charges, Former top Mowi sales exec launches plant protein fish-substitute range, Plant-based seafood seller cries foul after being shut out of Boston show, Plant-based seafood alternatives ambiguous part of sector’s 11% sales growth, NFI’s Connelly rails against plant-based alternatives using fish names in WSJ, Seafood alternatives make small splash at first Plant Based World conference, Like this article? All Rights Reserved BNP Media. Berkshire Hathaway is the ultimate Warren Buffett stock. This website requires certain cookies to work and uses other cookies to help you have the best experience. Gathered Foods, a Heath, Ohio-based manufacturer of plant-based seafood alternative products, is preparing to open a new 42,500 square foot production plant in January and hire some 80 workers, the Columbus (Ohio) Dispatch reports. It is very important to do your own analysis before making any investment. Revenues were up sequentially, gaining 19% to reach $220 million – but earnings were down, both sequentially and year-over-year. First, COVID-19 vaccines are in the works, and two major drug companies have announced that vaccines will be available in a matter of months. Buy) rating and $29 price target, which implies a 132% one-year upside. 3 Reasons Bitcoin Crashed by $3,000 – And Why It’s Still Bullish, 3 Stocks Top Analysts Say Will Soar in 2021, 3 Dividend Aristocrats For Safe Dividends And High Total Returns. The stock’s average price target of $21.49 suggests a 45% upside from the current share price of $14.83. (Bloomberg) -- Bitcoin plunged on Thursday in a sell-off that saw other digital assets fall more than 20%, a slide likely to stoke speculation about the durability of the latest boom in cryptocurrencies.The largest token fell as much as 14% in Thursday trading, heading for one of its worst days since the pandemic-spurred liquidation in March.The rout began just hours after Bitcoin rose to within $7 of its record high of $19,511, the culmination of a more than 250% surge in past nine months. About Gathered Foods Gathered Foods, makers of Good Catch plant-based seafood, is a revolutionary food company focused on propelling change through craveable plant-based alternatives. We’ve pulled up the TipRanks data on three stocks that high-rated analysts have tagged as potentially strong investments. Expert says he hopes to continue his work under incoming administration. The fierce retreat could stir yet another debate over the their value in diversifying portfolios.“Conditions are very massively overbought and bound for a correction,” said Vijay Ayyar, head of business development with crypto exchange Luno in Singapore.

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