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

Shares of Traeger, Inc. (NYSE:COOK) have been given an average rating of “Hold” by the seven analysts that are currently covering the stock, MarketBeat.com reports. One investment 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 twelve-month target price among brokerages that have covered the stock in the last year is $53.00.

COOK has been the topic of several recent research reports. Zacks Research upgraded shares of Traeger from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Canaccord Genuity Group decreased their price objective on shares of Traeger from $100.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. B. Riley Financial reiterated a “neutral” rating and issued a $40.00 price objective (down from $50.00) on shares of Traeger in a research report on Friday, March 6th. Piper Sandler decreased their price objective on shares of Traeger from $75.00 to $37.50 and set a “neutral” rating on the stock in a research report on Friday, March 6th. Finally, Wall Street Zen upgraded shares of Traeger from a “sell” rating to a “hold” rating in a research report on Saturday.

Institutional Investors Weigh In On Traeger

Several institutional investors and hedge funds have recently made changes to their positions in COOK. JPMorgan Chase & Co. boosted its position in shares of Traeger by 9,116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock worth $2,889,000 after buying an additional 2,342,438 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in Traeger in the 3rd quarter valued at about $1,220,000. Drive Wealth Management LLC raised its stake in Traeger by 107.4% in the 3rd quarter. Drive Wealth Management LLC now owns 472,150 shares of the company’s stock valued at $576,000 after purchasing an additional 244,493 shares during the last quarter. FreeGulliver LLC acquired a new position in Traeger in the 4th quarter valued at about $248,000. Finally, Bridgeway Capital Management LLC raised its stake in Traeger by 27.1% in the 3rd quarter. Bridgeway Capital Management LLC now owns 866,761 shares of the company’s stock valued at $1,057,000 after purchasing an additional 185,014 shares during the last quarter. 46.84% of the stock is currently owned by hedge funds and other institutional investors.

Traeger Price Performance

Traeger stock opened at $43.92 on Wednesday. Traeger has a 52 week low of $20.91 and a 52 week high of $110.50. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 2.34. The firm’s 50-day simple moving average is $35.00 and its 200 day simple moving average is $43.43. The firm has a market capitalization of $121.66 million, a PE ratio of -1.01 and a beta of 1.78.

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.