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

Shares of Traeger, Inc. (NYSE:COOK) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $50.0833.

COOK has been the topic of several research reports. Weiss Ratings raised Traeger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Zacks Research upgraded Traeger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Wall Street Zen raised Traeger from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Telsey Advisory Group raised their price target on Traeger from $43.00 to $45.00 and gave the company a “market perform” rating in a report on Tuesday, May 12th. Finally, B. Riley Financial reiterated 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.

Institutional Trading of Traeger

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Traeger by 9,116.3% in the third quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock valued at $2,889,000 after purchasing an additional 2,342,438 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in Traeger by 100.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,000,000 shares of the company’s stock worth $2,160,000 after purchasing an additional 1,000,000 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Traeger by 27.1% during the third quarter. Bridgeway Capital Management LLC now owns 866,761 shares of the company’s stock worth $1,057,000 after purchasing an additional 185,014 shares during the last quarter. Millennium Management LLC grew its position in Traeger by 20.2% in the third quarter. Millennium Management LLC now owns 498,259 shares of the company’s stock valued at $608,000 after purchasing an additional 83,796 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Traeger by 118.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 256,082 shares of the company’s stock valued at $312,000 after purchasing an additional 138,603 shares in the last quarter. 46.84% of the stock is owned by institutional investors.

Traeger Trading Up 0.1%

NYSE:COOK opened at $61.33 on Monday. The company’s 50 day moving average is $67.15 and its 200-day moving average is $50.17. The company has a quick ratio of 2.01, a current ratio of 3.40 and a debt-to-equity ratio of 2.29. Traeger has a 12 month low of $20.91 and a 12 month high of $98.50. The firm has a market cap of $170.49 million, a price-to-earnings ratio of -1.46 and a beta of 1.95.

Traeger (NYSE:COOK) last released its earnings results on Monday, May 11th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of ($3.36) by $4.85. The business had revenue of $94.07 million for the quarter, compared to the consensus estimate of $95.05 million. Traeger had a negative return on equity of 13.76% and a negative net margin of 21.84%. Equities analysts anticipate that Traeger will post -2.29 EPS for the current year.

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.