Traeger (NYSE:COOK) Price Target Raised to $65.00

Traeger (NYSE:COOK) had its price objective raised by stock analysts at Telsey Advisory Group from $45.00 to $65.00 in a research report issued to clients and investors on Thursday. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective indicates a potential downside of 3.53% from the company’s current price.

A number of other brokerages also recently weighed in on COOK. Piper Sandler reaffirmed a “neutral” rating and set a $38.00 price target on shares of Traeger in a report on Tuesday, May 12th. Wall Street Zen raised shares of Traeger from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird set a $40.00 target price on Traeger in a research note on Tuesday, May 12th. Weiss Ratings upgraded Traeger from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. Finally, Zacks Research upgraded Traeger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Traeger has an average rating of “Hold” and an average price target of $53.42.

Traeger Stock Performance

Shares of NYSE COOK opened at $67.38 on Thursday. Traeger has a 52 week low of $20.91 and a 52 week high of $87.88. The stock has a market capitalization of $187.32 million, a PE ratio of -1.61 and a beta of 1.97. The company has a debt-to-equity ratio of 2.29, a quick ratio of 2.01 and a current ratio of 3.40. The stock has a 50 day moving average price of $68.32 and a 200 day moving average price of $51.01.

Traeger (NYSE:COOK) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of ($1.57) by $2.10. Traeger had a negative net margin of 21.84% and a negative return on equity of 13.76%. The company had revenue of $120.16 million for the quarter, compared to analyst estimates of $133.20 million. Analysts predict that Traeger will post -2.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of COOK. Bank of America Corp DE lifted 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 buying an additional 8,933 shares in the last quarter. Empowered Funds LLC boosted its position in Traeger by 9.3% during the first quarter. Empowered Funds LLC now owns 167,696 shares of the company’s stock worth $282,000 after purchasing an additional 14,271 shares during the period. XTX Topco Ltd purchased a new position in shares of Traeger in the second quarter worth about $57,000. Marshall Wace LLP raised its position in shares of Traeger by 371.7% in the second quarter. Marshall Wace LLP now owns 130,666 shares of the company’s stock valued at $223,000 after purchasing an additional 102,967 shares during the period. Finally, Diversify Wealth Management LLC lifted its stake in shares of Traeger by 32.8% during the 2nd quarter. Diversify Wealth Management LLC now owns 114,561 shares of the company’s stock valued at $196,000 after buying an additional 28,313 shares in the last quarter. 46.84% of the stock is owned by 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.