Traeger (NYSE:COOK) Announces Quarterly Earnings Results, Beats Expectations By $4.85 EPS

Traeger (NYSE:COOK) posted its quarterly earnings data on Monday. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of ($3.36) by $4.85, FiscalAI reports. Traeger had a negative net margin of 21.84% and a negative return on equity of 13.18%. The business had revenue of $94.07 million during the quarter, compared to analysts’ expectations of $95.05 million.

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

• Traeger recognized a $12.4 million IEPA tariff refund in Q1 and raised full‑year adjusted EBITDA guidance to $57–$67 million while keeping revenue guidance unchanged.
• Project Gravity is delivering tangible results — including a $15 million year‑over‑year operating expense reduction, a 31% year‑over‑year inventory decline, and $14.5 million of free cash flow — and is expected to yield roughly $64–$70 million of run‑rate value.
• Underlying demand/financials remain pressured as Q1 revenue declined 34% YoY to $94 million, adjusted EBITDA fell to $17 million (including the tariff benefit), and gross margin excluding the refund was down ~890 basis points.
• Early traction for new, lower‑entry products — the Westwood grill lineup and Irontop griddles — shows strong reviewer ratings and could expand household reach and more frequent usage occasions.
• Management reiterated ongoing risks from competitive pressure on MEATER, rising transportation costs and tariff uncertainty, and noted the $15.6 million IEPA receivable has not yet converted to cash, limiting immediate liquidity benefit.

Traeger Trading Up 2.1%

NYSE COOK traded up $0.85 during trading hours on Wednesday, reaching $42.19. The company’s stock had a trading volume of 1,485 shares, compared to its average volume of 11,525. The firm has a fifty day simple moving average of $34.96 and a 200-day simple moving average of $43.23. The stock has a market cap of $116.87 million, a P/E ratio of -1.01 and a beta of 1.78. Traeger has a 52 week low of $20.91 and a 52 week high of $110.50. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.68 and a quick ratio of 1.45.

Analysts Set New Price Targets

COOK has been the subject of a number of research reports. Robert W. Baird set a $40.00 target price on shares of Traeger in a report on Tuesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Traeger in a report on Friday. Wall Street Zen raised shares of Traeger from a “sell” rating to a “hold” rating in a report on Saturday. Canaccord Genuity Group dropped their target price on shares of Traeger from $100.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Finally, Zacks Research raised shares of Traeger from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $50.08.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in COOK. Lido Advisors LLC bought a new position in Traeger in the 3rd quarter valued at approximately $27,000. XTX Topco Ltd bought a new position in Traeger in the 2nd quarter valued at approximately $57,000. Bank of America Corp DE raised its holdings in Traeger by 36.6% in the 4th quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock valued at $80,000 after buying an additional 8,933 shares during the last quarter. Evergreen Capital Management LLC bought a new position in Traeger in the 2nd quarter valued at approximately $93,000. Finally, Blair William & Co. IL raised its holdings in Traeger by 19.9% in 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. Institutional investors own 46.84% of the company’s stock.

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.