Traeger (NYSE:COOK) Stock Rating Upgraded by Zacks Research

Traeger (NYSE:COOK) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also commented on COOK. Telsey Advisory Group lowered their price target on shares of Traeger from $1.75 to $1.50 and set a “market perform” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen upgraded shares of Traeger from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Traeger in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Traeger currently has an average rating of “Reduce” and an average target price of $2.09.

Traeger Stock Performance

COOK traded down $0.10 during trading on Tuesday, hitting $0.98. The stock had a trading volume of 343,216 shares, compared to its average volume of 299,220. The firm has a market capitalization of $134.44 million, a P/E ratio of -1.24 and a beta of 1.38. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.39 and a current ratio of 2.96. Traeger has a twelve month low of $0.71 and a twelve month high of $2.52. The company’s 50-day moving average price is $1.01 and its 200 day moving average price is $1.15.

Traeger (NYSE:COOK) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.14). The business had revenue of $125.40 million during the quarter, compared to analyst estimates of $111.04 million. Traeger had a negative net margin of 18.01% and a negative return on equity of 11.31%. On average, equities research analysts forecast that Traeger will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Traeger

A number of institutional investors have recently added to or reduced their stakes in the company. Drive Wealth Management LLC acquired a new stake in Traeger during the 2nd quarter worth approximately $389,000. Marshall Wace LLP increased its position in shares of Traeger by 371.7% in the second quarter. Marshall Wace LLP now owns 130,666 shares of the company’s stock worth $223,000 after acquiring an additional 102,967 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Traeger in the 2nd quarter valued at $57,000. Empowered Funds LLC lifted its holdings in shares of Traeger by 9.3% during the 1st 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 in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Traeger by 36.6% in the 4th 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 during the period. Hedge funds and other institutional investors own 46.84% of the company’s stock.

Traeger Company Profile

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.