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

Traeger, Inc. (NYSE:COOK) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $50.0833.

A number of research analysts recently issued reports on COOK shares. Zacks Research raised Traeger from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Telsey Advisory Group boosted their price objective on shares of Traeger from $43.00 to $45.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded shares of Traeger from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird set a $40.00 price objective on shares of Traeger in a research report on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Traeger in a research report on Friday, May 8th.

Traeger Stock Performance

NYSE:COOK opened at $67.26 on Friday. Traeger has a 1 year low of $20.91 and a 1 year high of $110.50. The firm has a 50 day moving average of $40.26 and a 200-day moving average of $43.91. The company has a current ratio of 3.40, a quick ratio of 2.01 and a debt-to-equity ratio of 2.29. The stock has a market capitalization of $186.99 million, a P/E ratio of -1.60 and a beta of 1.78.

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

Institutional Trading of Traeger

Several institutional investors and hedge funds have recently added to or reduced their stakes in COOK. JPMorgan Chase & Co. raised its holdings in Traeger by 9,116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock worth $2,889,000 after purchasing an additional 2,342,438 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in Traeger during the 3rd quarter worth about $1,220,000. FreeGulliver LLC bought a new stake in Traeger during the 4th quarter worth about $248,000. Bridgeway Capital Management LLC raised its holdings in Traeger by 27.1% during the 3rd 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. Finally, MYDA Advisors LLC bought a new stake in Traeger during the 4th quarter worth about $173,000. 46.84% of the stock is owned by 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.