Brokerages Set Traeger, Inc. (NYSE:COOK) Target Price at $2.09

Traeger, Inc. (NYSE:COOK) has been assigned a consensus rating of “Reduce” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $2.0938.

Several equities analysts have recently issued reports on COOK shares. Zacks Research lowered shares of Traeger from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Traeger in a report on Monday, December 29th. Wall Street Zen upgraded Traeger from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Telsey Advisory Group dropped their price target on Traeger from $1.75 to $1.50 and set a “market perform” rating on the stock in a research report on Thursday, November 6th.

Traeger Stock Performance

Shares of COOK stock opened at $1.06 on Monday. The stock has a market cap of $144.72 million, a PE ratio of -1.34 and a beta of 1.38. The stock has a 50-day moving average of $0.98 and a 200-day moving average of $1.18. 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 one year low of $0.71 and a one year high of $2.57.

Traeger (NYSE:COOK) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.14). Traeger had a negative return on equity of 11.31% and a negative net margin of 18.01%.The firm had revenue of $125.40 million for the quarter, compared to the consensus estimate of $111.04 million. As a group, sell-side analysts expect that Traeger will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Lido Advisors LLC bought a new stake in shares of Traeger during the third quarter worth $27,000. Norden Group LLC lifted its position in Traeger by 27.2% in the 2nd quarter. Norden Group LLC now owns 23,350 shares of the company’s stock valued at $40,000 after acquiring an additional 5,000 shares in the last quarter. XTX Topco Ltd acquired a new position in Traeger in the 2nd quarter worth $57,000. Bank of America Corp DE increased its holdings in 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 purchasing an additional 8,933 shares in the last quarter. Finally, Evergreen Capital Management LLC bought a new position in Traeger during the 2nd quarter worth about $93,000. Institutional investors 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.