Traeger (NYSE:COOK) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Traeger (NYSE:COOK) had its price objective raised by analysts at Telsey Advisory Group from $43.00 to $45.00 in a research note issued to investors on Tuesday. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target points to a potential upside of 8.10% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Traeger in a research report on Friday. Canaccord Genuity Group dropped their target price on Traeger from $100.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Piper Sandler reissued a “neutral” rating and issued a $38.00 target price on shares of Traeger in a research report on Tuesday. Robert W. Baird set a $40.00 target price on Traeger in a research report on Tuesday. Finally, Zacks Research raised Traeger from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Traeger presently has an average rating of “Hold” and a consensus target price of $50.08.

Traeger Stock Down 5.0%

Shares of Traeger stock opened at $41.63 on Tuesday. The business’s 50 day simple moving average is $34.99 and its 200 day simple moving average is $43.30. Traeger has a 52-week low of $20.91 and a 52-week high of $110.50. The firm has a market cap of $115.27 million, a PE ratio of -0.96 and a beta of 1.78. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.45 and a current ratio of 2.68.

Traeger (NYSE:COOK) last announced its 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 12.01% and a negative net margin of 20.59%.The business had revenue of $94.07 million for the quarter, compared to analyst estimates of $95.05 million. On average, analysts predict that Traeger will post -6.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of 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 during the last quarter. Diversify Wealth Management LLC increased its position in shares of Traeger by 9.8% during the 3rd quarter. Diversify Wealth Management LLC now owns 125,755 shares of the company’s stock worth $153,000 after purchasing an additional 11,194 shares during the last quarter. Williams & Novak LLC increased its position in shares of Traeger by 16.9% during the 4th quarter. Williams & Novak LLC now owns 95,000 shares of the company’s stock worth $103,000 after purchasing an additional 13,700 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Traeger by 9.3% during the 1st quarter. Empowered Funds LLC now owns 167,696 shares of the company’s stock worth $282,000 after acquiring an additional 14,271 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of Traeger by 19.9% during the 4th quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock worth $100,000 after acquiring an additional 15,400 shares during the last quarter. Institutional investors and hedge funds 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.