Traeger, Inc. (NYSE:COOK) Receives Consensus Rating of “Hold” from Brokerages

Shares of Traeger, Inc. (NYSE:COOK) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $50.0833.

COOK has been the subject of a number of research analyst reports. B. Riley Financial reissued a “neutral” rating and issued a $40.00 price target (up from $30.00) on shares of Traeger in a research report on Tuesday, May 12th. Canaccord Genuity Group dropped their price objective on shares of Traeger from $100.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Wall Street Zen raised shares of Traeger from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Telsey Advisory Group lifted their target price on shares of Traeger from $43.00 to $45.00 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. Finally, Piper Sandler reissued a “neutral” rating and set a $38.00 target price on shares of Traeger in a research note on Tuesday, May 12th.

Traeger Stock Performance

Shares of COOK stock opened at $78.14 on Thursday. Traeger has a 1-year low of $20.91 and a 1-year high of $104.00. The company has a current ratio of 3.40, a quick ratio of 2.01 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $217.23 million, a price-to-earnings ratio of -1.86 and a beta of 1.99. The stock’s fifty day simple moving average is $53.89 and its 200-day simple moving average is $47.13.

Traeger (NYSE:COOK) last announced its quarterly earnings data on Monday, May 11th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.36) by $4.85. Traeger had a negative return on equity of 13.76% and a negative net margin of 21.84%.The firm had revenue of $94.07 million during the quarter, compared to the consensus estimate of $95.05 million. On average, sell-side analysts predict that Traeger will post -2.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Traeger

A number of hedge funds and other institutional investors have recently made changes to their positions in COOK. Empowered Funds LLC lifted its holdings in shares of Traeger by 9.2% during the 4th quarter. Empowered Funds LLC now owns 227,741 shares of the company’s stock valued at $246,000 after buying an additional 19,280 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Traeger by 100.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,000,000 shares of the company’s stock valued at $2,160,000 after buying an additional 1,000,000 shares during the last quarter. Blair William & Co. IL lifted 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 valued at $100,000 after buying an additional 15,400 shares during the last quarter. RFP Financial Group LLC acquired a new stake in Traeger in the fourth quarter valued at approximately $27,000. Finally, MYDA Advisors LLC acquired a new stake in Traeger in the fourth quarter valued at approximately $173,000. 46.84% of the stock is owned by hedge funds and other institutional investors.

About Traeger

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.