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

Traeger, Inc. (NYSE:COOK) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $50.0833.

COOK has been the topic of several research reports. B. Riley Financial reiterated a “neutral” rating and issued a $40.00 price target (up from $30.00) on shares of Traeger in a research report on Tuesday, May 12th. Weiss Ratings upgraded shares of Traeger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. Canaccord Genuity Group lowered their price objective on shares of Traeger from $100.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Robert W. Baird set a $40.00 target price on shares of Traeger in a research note on Tuesday, May 12th. Finally, Telsey Advisory Group raised their target price on shares of Traeger from $43.00 to $45.00 and gave the stock a “market perform” rating in a report on Tuesday, May 12th.

Institutional Investors Weigh In On Traeger

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in Traeger by 36.6% during the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock valued at $80,000 after buying an additional 8,933 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in shares of Traeger by 9.8% during the third quarter. Diversify Wealth Management LLC now owns 125,755 shares of the company’s stock valued at $153,000 after acquiring an additional 11,194 shares during the period. Williams & Novak LLC raised its holdings in shares of 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 acquiring an additional 13,700 shares during the period. Empowered Funds LLC lifted its position in shares of Traeger by 9.3% in the 1st quarter. Empowered Funds LLC now owns 167,696 shares of the company’s stock valued at $282,000 after acquiring an additional 14,271 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Traeger by 19.9% in the 4th quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock valued at $100,000 after acquiring an additional 15,400 shares in the last quarter. 46.84% of the stock is owned by hedge funds and other institutional investors.

Traeger Price Performance

Shares of NYSE:COOK opened at $78.14 on Thursday. The stock has a market cap of $217.23 million, a price-to-earnings ratio of -1.86 and a beta of 1.99. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.40 and a quick ratio of 2.01. Traeger has a 12 month low of $20.91 and a 12 month high of $104.00. The stock’s 50 day moving average price is $53.89 and its 200 day moving average price is $47.13.

Traeger (NYSE:COOK) last issued 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 firm had revenue of $94.07 million during the quarter, compared to analyst estimates of $95.05 million. Equities research analysts anticipate that Traeger will post -2.29 earnings per share for the current fiscal 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.