Brokerages Set Traeger, Inc. (NYSE:COOK) PT at $50.08

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

Several research firms have weighed in on COOK. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Traeger in a research report on Friday, May 8th. Robert W. Baird set a $40.00 price target on Traeger in a research report on Tuesday, May 12th. Telsey Advisory Group boosted their price target on 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 raised Traeger from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Canaccord Genuity Group lowered their price target on Traeger from $100.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th.

Traeger Trading Up 0.5%

NYSE COOK opened at $62.18 on Friday. The stock has a market capitalization of $172.86 million, a price-to-earnings ratio of -1.48 and a beta of 1.99. The stock’s 50 day moving average price is $43.32 and its two-hundred day moving average price is $44.46. The company has a debt-to-equity ratio of 2.29, a quick ratio of 2.01 and a current ratio of 3.40. Traeger has a 52 week low of $20.91 and a 52 week high of $110.50.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Lido Advisors LLC acquired a new position in shares of Traeger during the 3rd quarter worth approximately $27,000. RFP Financial Group LLC acquired a new position in shares of Traeger during the 4th quarter worth approximately $27,000. Caz Investments LP increased its holdings in shares of Traeger by 100.0% during the 4th quarter. Caz Investments LP now owns 40,000 shares of the company’s stock worth $43,000 after acquiring an additional 20,000 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Traeger during the 2nd quarter worth approximately $57,000. Finally, Bank of America Corp DE increased its holdings in shares of Traeger by 36.6% during 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. Institutional investors and hedge funds own 46.84% of the company’s stock.

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.