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

Traeger, Inc. (NYSE:COOK) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $50.50.

A number of research analysts have weighed in on the stock. Telsey Advisory Group boosted their target price on shares of Traeger from $45.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Piper Sandler restated a “neutral” rating and set a $38.00 price target on shares of Traeger in a research note on Tuesday, May 12th. Weiss Ratings raised shares of Traeger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Wall Street Zen upgraded Traeger from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research lowered Traeger from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COOK. Bank of America Corp DE increased 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 last quarter. Williams & Novak LLC lifted its holdings in Traeger by 16.9% during the fourth quarter. Williams & Novak LLC now owns 95,000 shares of the company’s stock valued at $103,000 after purchasing an additional 13,700 shares during the last quarter. Empowered Funds LLC boosted its position in Traeger by 9.3% during the first quarter. Empowered Funds LLC now owns 167,696 shares of the company’s stock worth $282,000 after purchasing an additional 14,271 shares during the period. Blair William & Co. IL boosted its position in Traeger by 19.9% during the fourth quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock worth $100,000 after purchasing an additional 15,400 shares during the period. Finally, Bridgeway Capital Management LLC increased its stake in shares of Traeger by 2.5% in the second quarter. Bridgeway Capital Management LLC now owns 681,747 shares of the company’s stock worth $1,166,000 after purchasing an additional 16,751 shares in the last quarter. Institutional investors own 46.84% of the company’s stock.

Traeger Stock Down 2.5%

Shares of NYSE:COOK opened at $59.73 on Friday. Traeger has a 1 year low of $20.91 and a 1 year high of $86.59. The company has a market capitalization of $167.25 million, a PE ratio of -1.42 and a beta of 1.97. The business has a fifty day moving average price of $67.69 and a two-hundred day moving average price of $51.26. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.49 and a quick ratio of 2.29.

Traeger (NYSE:COOK) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.57) by $2.10. Traeger had a negative net margin of 23.23% and a negative return on equity of 13.76%. The company had revenue of $120.16 million for the quarter, compared to the consensus estimate of $133.20 million. Analysts forecast that Traeger will post -2.29 earnings per share 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.