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

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

Several analysts have weighed in on the company. Canaccord Genuity Group lowered their price target on Traeger from $100.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Wall Street Zen raised Traeger from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. B. Riley Financial restated a “neutral” rating and issued a $40.00 price objective (up from $30.00) on shares of Traeger in a research report on Tuesday, May 12th. Robert W. Baird set a $40.00 target price on shares of Traeger in a research note on Tuesday, May 12th. Finally, Telsey Advisory Group lifted their target price on shares of Traeger from $43.00 to $45.00 and gave the company a “market perform” rating in a research report on Tuesday, May 12th.

Institutional Trading of Traeger

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in Traeger by 36.6% in the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock worth $80,000 after acquiring an additional 8,933 shares in the last quarter. Empowered Funds LLC increased its stake in Traeger by 9.3% in the first quarter. Empowered Funds LLC now owns 167,696 shares of the company’s stock valued at $282,000 after acquiring an additional 14,271 shares during the last quarter. XTX Topco Ltd purchased a new stake in Traeger during the second quarter valued at about $57,000. Marshall Wace LLP raised its position in Traeger by 371.7% during the second quarter. Marshall Wace LLP now owns 130,666 shares of the company’s stock valued at $223,000 after purchasing an additional 102,967 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its stake in Traeger by 32.8% during the second quarter. Diversify Wealth Management LLC now owns 114,561 shares of the company’s stock worth $196,000 after purchasing an additional 28,313 shares during the last quarter. Hedge funds and other institutional investors own 46.84% of the company’s stock.

Traeger Trading Down 0.7%

Shares of COOK stock opened at $68.68 on Monday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 2.01 and a current ratio of 3.40. Traeger has a 52-week low of $20.91 and a 52-week high of $102.50. The company has a market capitalization of $190.93 million, a PE ratio of -1.64 and a beta of 1.95. The business’s fifty day moving average is $64.77 and its 200 day moving average is $49.70.

Traeger (NYSE:COOK) last posted its quarterly earnings data on Monday, May 11th. The company reported $1.49 earnings per share (EPS) 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 company had revenue of $94.07 million during the quarter, compared to analyst estimates of $95.05 million. On average, equities research analysts anticipate that Traeger will post -2.29 EPS for the current fiscal 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.