Traeger (NYSE:COOK) Releases Quarterly Earnings Results, Beats Expectations By $4.85 EPS

Traeger (NYSE:COOK) posted its quarterly earnings data on Monday. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.36) by $4.85, FiscalAI reports. The firm had revenue of $94.07 million for the quarter, compared to the consensus estimate of $95.05 million. Traeger had a negative return on equity of 12.01% and a negative net margin of 20.59%.

Here are the key takeaways from Traeger’s conference call:

• Traeger recognized a $12.4 million IEPA tariff refund in Q1 and raised full?year adjusted EBITDA guidance to $57–$67 million while keeping revenue guidance unchanged.
• Project Gravity is delivering tangible results — including a $15 million year?over?year operating expense reduction, a 31% year?over?year inventory decline, and $14.5 million of free cash flow — and is expected to yield roughly $64–$70 million of run?rate value.
• Underlying demand/financials remain pressured as Q1 revenue declined 34% YoY to $94 million, adjusted EBITDA fell to $17 million (including the tariff benefit), and gross margin excluding the refund was down ~890 basis points.
• Early traction for new, lower?entry products — the Westwood grill lineup and Irontop griddles — shows strong reviewer ratings and could expand household reach and more frequent usage occasions.
• Management reiterated ongoing risks from competitive pressure on MEATER, rising transportation costs and tariff uncertainty, and noted the $15.6 million IEPA receivable has not yet converted to cash, limiting immediate liquidity benefit.

Traeger Price Performance

COOK stock opened at $41.63 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.68 and a quick ratio of 1.45. The firm has a market capitalization of $115.27 million, a P/E ratio of -0.96 and a beta of 1.78. The business’s 50-day moving average is $34.99 and its two-hundred day moving average is $43.30. Traeger has a 1 year low of $20.91 and a 1 year high of $110.50.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on COOK shares. Telsey Advisory Group reduced their price target on Traeger from $75.00 to $50.00 and set a “market perform” rating on the stock in a research report on Friday, March 6th. Wall Street Zen raised Traeger from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Traeger in a research report on Friday. Canaccord Genuity Group reduced their price target on Traeger from $100.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Finally, B. Riley Financial reaffirmed a “neutral” rating and issued a $40.00 price target (down from $50.00) on shares of Traeger in a research report on Friday, March 6th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Traeger currently has a consensus rating of “Hold” and a consensus price target of $53.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Lido Advisors LLC purchased a new position in shares of Traeger in the 3rd quarter valued at about $27,000. XTX Topco Ltd purchased a new position in shares of Traeger in the 2nd quarter valued at about $57,000. Bank of America Corp DE increased its holdings in shares of Traeger by 36.6% in the 4th quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock valued at $80,000 after acquiring an additional 8,933 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in shares of Traeger in the 2nd quarter valued at about $93,000. Finally, Blair William & Co. IL increased its holdings in shares of Traeger by 19.9% in the 4th quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock valued at $100,000 after acquiring an additional 15,400 shares during the last quarter. Hedge funds and other institutional investors own 46.84% of the company’s stock.

About Traeger

Traeger, trading on the NYSE under the ticker COOK, is a designer, manufacturer and marketer of wood pellet grills and outdoor cooking appliances. The company’s core product lineup features a range of hardwood-pellet grills that combine wood-fired flavor with digital temperature control. Beyond grills, Traeger offers a suite of accessories—such as grill covers, smoking woods, meat probes and recipe rubs—as well as outdoor kitchen solutions designed to serve both consumer and light-commercial segments.

Founded in 1985 by Joe Traeger, the brand pioneered the wood-pellet grilling category.