Traeger, Inc. (NYSE:COOK) Receives Average Recommendation of “Hold” from Analysts

Traeger, Inc. (NYSE:COOK) has been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $50.50.

Several research firms have commented on COOK. B. Riley Financial reiterated a “neutral” rating on shares of Traeger in a research note on Friday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Traeger in a research report on Friday. Canaccord Genuity Group set a $77.00 price target on Traeger and gave the stock a “buy” rating in a research note on Thursday, August 6th. Robert W. Baird set a $40.00 price target on Traeger in a research report on Tuesday, May 12th. Finally, Telsey Advisory Group increased their price objective on Traeger from $45.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th.

Insider Activity at Traeger

In other Traeger news, insider Cole VandenAkker sold 2,750 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $55.30, for a total value of $152,075.00. Following the completion of the sale, the insider directly owned 23,913 shares of the company’s stock, valued at $1,322,388.90. This trade represents a 10.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.20% of the company’s stock.

Hedge Funds Weigh In On Traeger

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Traeger by 9,116.3% in the third quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock valued at $2,889,000 after buying an additional 2,342,438 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of Traeger by 100.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,000,000 shares of the company’s stock valued at $2,160,000 after acquiring an additional 1,000,000 shares during the last quarter. FreeGulliver LLC purchased a new stake in shares of Traeger in the 4th quarter valued at approximately $248,000. Bridgeway Capital Management LLC lifted its holdings in shares of Traeger by 27.1% in the 3rd quarter. Bridgeway Capital Management LLC now owns 866,761 shares of the company’s stock worth $1,057,000 after acquiring an additional 185,014 shares during the last quarter. Finally, MYDA Advisors LLC acquired a new position in shares of Traeger in the 4th quarter worth approximately $173,000. Institutional investors and hedge funds own 46.84% of the company’s stock.

Traeger Price Performance

Shares of NYSE COOK opened at $50.02 on Tuesday. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.49 and a quick ratio of 2.29. The stock has a market capitalization of $140.07 million, a price-to-earnings ratio of -1.19 and a beta of 1.93. The firm’s 50 day simple moving average is $62.41 and its 200-day simple moving average is $51.98. Traeger has a 12 month low of $20.91 and a 12 month high of $86.59.

Traeger (NYSE:COOK) last posted its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.57) by $2.10. Traeger had a negative net margin of 23.23% and a negative return on equity of 13.76%. The business had revenue of $120.16 million for the quarter, compared to analyst estimates of $133.20 million. Analysts expect that Traeger will post -0.3 EPS for the current year.

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.