Traeger, Inc. (NYSE:COOK) Given Consensus Rating of “Hold” by Analysts

Shares of Traeger, Inc. (NYSE:COOK) have earned a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $50.0833.

COOK has been the topic of several analyst reports. Robert W. Baird set a $40.00 target price on shares of Traeger in a report on Tuesday, May 12th. B. Riley Financial reissued a “neutral” rating and issued a $40.00 price target (up from $30.00) on shares of Traeger in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Traeger from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Piper Sandler reaffirmed a “neutral” rating and set a $38.00 price objective on shares of Traeger in a research note on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Traeger in a research note on Friday, May 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Lido Advisors LLC bought a new position in Traeger in the third quarter valued at approximately $27,000. RFP Financial Group LLC acquired a new position in Traeger during the fourth quarter worth approximately $27,000. Caz Investments LP raised its stake in Traeger by 100.0% in the fourth quarter. Caz Investments LP now owns 40,000 shares of the company’s stock valued at $43,000 after buying an additional 20,000 shares during the period. XTX Topco Ltd bought a new stake in Traeger in the second quarter valued at approximately $57,000. Finally, Bank of America Corp DE lifted its position in shares of Traeger by 36.6% in the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock valued at $80,000 after buying an additional 8,933 shares during the last quarter. Institutional investors own 46.84% of the company’s stock.

Traeger Stock Up 3.5%

Shares of Traeger stock opened at $64.21 on Friday. The business has a fifty day simple moving average of $44.12 and a 200 day simple moving average of $44.59. The stock has a market cap of $178.51 million, a PE ratio of -1.53 and a beta of 1.99. The company has a quick ratio of 2.01, a current ratio of 3.40 and a debt-to-equity ratio of 2.29. Traeger has a 12 month low of $20.91 and a 12 month high of $110.50.

Traeger (NYSE:COOK) last released its earnings results on Monday, May 11th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of ($3.36) by $4.85. Traeger had a negative return on equity of 13.76% and a negative net margin of 21.84%.The firm had revenue of $94.07 million for the quarter, compared to analyst estimates of $95.05 million. Research analysts predict that Traeger will post -2.29 EPS for the current year.

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.