Traeger (NYSE:COOK) Posts Earnings Results, Beats Estimates By $2.10 EPS

Traeger (NYSE:COOK) issued its earnings results on Wednesday. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.57) by $2.10, FiscalAI reports. The firm had revenue of $120.16 million for the quarter, compared to analysts’ expectations of $133.20 million. Traeger had a negative return on equity of 13.76% and a negative net margin of 21.84%.

Here are the key takeaways from Traeger’s conference call:

• Full-year revenue guidance was lowered to $435 million–$465 million from $465 million–$485 million, driven by greater-than-expected MEATER softness and near-term channel disruption related to distribution changes.
• Traeger maintained its $57 million–$67 million Adjusted EBITDA outlook despite the lower revenue forecast, reflecting Project Gravity cost savings, MEATER profitability actions, and disciplined expense management.
• Traeger announced a national Lowe’s launch, with initial inventory loading expected in the fourth quarter and a full rollout of grills, griddles, accessories, and consumables planned for spring 2027; management views the partnership as a meaningful long-term household acquisition opportunity.
• Project Gravity is improving financial efficiency, with second-quarter free cash flow of $26 million, cash increasing to $60 million, inventory falling to $76 million, and the company remaining on track for at least $30 million of full-year free cash flow.
• Consumer engagement remained strong, including a record 267,000 connected cooks on July 4, while Westwood and Irontop saw better-than-expected sell-through and strong customer reviews as demand shifts toward more accessible price points.

Traeger Trading Down 2.0%

COOK stock traded down $1.39 during midday trading on Wednesday, reaching $67.38. The company’s stock had a trading volume of 54,525 shares, compared to its average volume of 74,274. Traeger has a 1 year low of $20.91 and a 1 year high of $87.88. The firm has a market capitalization of $187.32 million, a price-to-earnings ratio of -1.61 and a beta of 1.97. The stock has a fifty day simple moving average of $68.32 and a two-hundred day simple moving average of $51.01. The company has a debt-to-equity ratio of 2.29, a quick ratio of 2.01 and a current ratio of 3.40.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COOK. Zacks Research raised shares of Traeger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Telsey Advisory Group increased their price objective on shares of Traeger from $43.00 to $45.00 and gave the company a “market perform” rating in a research report on Tuesday, May 12th. Robert W. Baird set a $40.00 target price on shares of Traeger in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Traeger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Finally, Piper Sandler reissued a “neutral” rating and set a $38.00 price objective on shares of Traeger in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.08.

Institutional Investors Weigh In On Traeger

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of Traeger by 9,116.3% during the third quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock worth $2,889,000 after acquiring an additional 2,342,438 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of Traeger by 100.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,000,000 shares of the company’s stock valued at $2,160,000 after purchasing an additional 1,000,000 shares during the period. FreeGulliver LLC bought a new position in Traeger in the fourth quarter worth approximately $248,000. Bridgeway Capital Management LLC increased 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 period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Traeger by 118.0% during the 3rd 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.