Traeger (NYSE:COOK) Releases Earnings Results, Misses Estimates By $0.01 EPS

Traeger (NYSE:COOK) posted its quarterly earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01), FiscalAI reports. The business had revenue of $145.36 million during the quarter, compared to analyst estimates of $135.05 million. Traeger had a negative net margin of 18.01% and a negative return on equity of 11.31%.

Traeger Stock Performance

Shares of Traeger stock traded down $0.02 on Thursday, reaching $0.81. 668,387 shares of the company traded hands, compared to its average volume of 296,871. The company has a 50 day moving average of $0.98 and a 200 day moving average of $1.05. The company has a debt-to-equity ratio of 2.15, a current ratio of 2.96 and a quick ratio of 1.39. Traeger has a 52 week low of $0.71 and a 52 week high of $2.29. The firm has a market capitalization of $110.65 million, a PE ratio of -1.02 and a beta of 1.41.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Telsey Advisory Group decreased 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 report on Thursday, November 6th. Zacks Research raised Traeger from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Wall Street Zen raised Traeger from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Traeger in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $2.09.

Institutional Trading of Traeger

A number of large investors have recently bought and sold shares of COOK. JPMorgan Chase & Co. raised its stake in shares of Traeger by 9,116.3% in the third quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock valued at $2,889,000 after buying an additional 2,342,438 shares during the period. Artisan Partners Limited Partnership increased its holdings in Traeger by 100.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,000,000 shares of the company’s stock worth $2,160,000 after acquiring an additional 1,000,000 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Traeger by 27.1% in the 3rd quarter. Bridgeway Capital Management LLC now owns 866,761 shares of the company’s stock valued at $1,057,000 after acquiring an additional 185,014 shares during the period. Millennium Management LLC lifted its holdings in Traeger by 20.2% during the third quarter. Millennium Management LLC now owns 498,259 shares of the company’s stock valued at $608,000 after purchasing an additional 83,796 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Traeger by 118.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 256,082 shares of the company’s stock worth $312,000 after purchasing an additional 138,603 shares during the period. 46.84% of the stock is owned by hedge funds and other institutional investors.

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.