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

Traeger, Inc. (NYSE:COOK) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $58.00.

Several equities research analysts have recently commented on the stock. B. Riley Financial reissued a “neutral” rating and set a $40.00 target price (down from $50.00) on shares of Traeger in a research report on Friday, March 6th. Telsey Advisory Group cut their price target on Traeger from $75.00 to $50.00 and set a “market perform” rating for the company in a research note on Friday, March 6th. Zacks Research raised Traeger from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Piper Sandler lowered their price objective on Traeger from $75.00 to $37.50 and set a “neutral” rating for the company in a research note on Friday, March 6th. Finally, Canaccord Genuity Group dropped their target price on Traeger from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, March 6th.

Traeger Stock Performance

NYSE COOK opened at $29.11 on Tuesday. The company has a market cap of $79.76 million, a P/E ratio of -0.67 and a beta of 1.41. The company has a fifty day simple moving average of $43.75 and a 200 day simple moving average of $49.12. The company has a current ratio of 2.68, a quick ratio of 1.45 and a debt-to-equity ratio of 2.34. Traeger has a 12-month low of $24.15 and a 12-month high of $110.50.

Traeger (NYSE:COOK) last released its quarterly earnings data on Friday, March 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.99). Traeger had a negative return on equity of 12.01% and a negative net margin of 20.59%.The business had revenue of $145.36 million for the quarter, compared to analyst estimates of $135.05 million. Sell-side analysts predict that Traeger will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Traeger

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC lifted its holdings in Traeger by 9.2% during the fourth quarter. Empowered Funds LLC now owns 227,741 shares of the company’s stock worth $246,000 after acquiring an additional 19,280 shares during the period. Artisan Partners Limited Partnership grew its stake in Traeger by 100.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,000,000 shares of the company’s stock valued at $2,160,000 after purchasing an additional 1,000,000 shares during the period. Blair William & Co. IL increased its position in shares of Traeger by 19.9% during the 4th quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock valued at $100,000 after purchasing an additional 15,400 shares during the last quarter. RFP Financial Group LLC purchased a new stake in shares of Traeger during the 4th quarter valued at $27,000. Finally, MYDA Advisors LLC bought a new stake in shares of Traeger during the 4th quarter worth $173,000. 46.84% of the stock is owned by hedge funds and other institutional investors.

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.