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

Shares of Traeger, Inc. (NYSE:COOK) have been given a consensus rating of “Reduce” by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have 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 12 month target price among brokerages that have issued ratings on the stock in the last year is $2.0938.

COOK has been the topic of a number of research reports. Telsey Advisory Group dropped their price objective on Traeger from $1.75 to $1.50 and set a “market perform” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Traeger in a research note on Monday, December 29th. Zacks Research lowered Traeger from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Finally, Wall Street Zen upgraded shares of Traeger from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th.

Institutional Trading of Traeger

A number of large investors have recently added to or reduced their stakes in COOK. Lido Advisors LLC acquired a new position in Traeger in the third quarter worth approximately $27,000. Norden Group LLC boosted its stake in shares of Traeger by 27.2% during the 2nd quarter. Norden Group LLC now owns 23,350 shares of the company’s stock worth $40,000 after acquiring an additional 5,000 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Traeger during the 2nd quarter worth $57,000. Bank of America Corp DE grew its holdings in shares of 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. Finally, Evergreen Capital Management LLC acquired a new position in shares of Traeger in the 2nd quarter worth $93,000. 46.84% of the stock is currently owned by institutional investors.

Traeger Stock Up 2.2%

COOK stock opened at $1.17 on Monday. The firm’s 50-day moving average is $0.97 and its two-hundred day moving average is $1.20. The company has a market capitalization of $159.81 million, a price-to-earnings ratio of -1.47 and a beta of 1.38. Traeger has a 52 week low of $0.71 and a 52 week high of $2.70. The company has a current ratio of 2.96, a quick ratio of 1.39 and a debt-to-equity ratio of 2.15.

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