Traeger (NYSE:COOK – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
COOK has been the subject of a number of other reports. Telsey Advisory Group reduced their target price on shares of Traeger from $1.75 to $1.50 and set a “market perform” rating for the company in a research note on Thursday, November 6th. Wall Street Zen upgraded shares of Traeger from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Traeger in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Traeger currently has an average rating of “Reduce” and an average price target of $2.09.
Check Out Our Latest Stock Report on COOK
Traeger Stock Performance
Traeger (NYSE:COOK – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $125.40 million for the quarter, compared to analyst estimates of $111.04 million. Analysts anticipate that Traeger will post -0.12 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Lido Advisors LLC bought a new position in Traeger in the 3rd quarter worth $27,000. XTX Topco Ltd acquired a new stake in shares of Traeger in the second quarter valued at about $57,000. Bank of America Corp DE increased its stake in shares of Traeger by 36.6% in the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock worth $80,000 after purchasing an additional 8,933 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of Traeger during the 2nd quarter worth about $93,000. Finally, Williams & Novak LLC increased its position in Traeger by 46.3% in the 3rd quarter. Williams & Novak LLC now owns 81,300 shares of the company’s stock worth $99,000 after buying an additional 25,730 shares during the period. 46.84% of the stock is currently owned by institutional investors and hedge funds.
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.
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