Telsey Advisory Group Raises Traeger (NYSE:COOK) Price Target to $45.00

Traeger (NYSE:COOK) had its target price raised by investment analysts at Telsey Advisory Group from $43.00 to $45.00 in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 5.16% from the stock’s current price.

A number of other research analysts also recently issued reports on COOK. Robert W. Baird set a $40.00 price objective on Traeger in a research note on Tuesday. Piper Sandler reissued a “neutral” rating and issued a $38.00 target price on shares of Traeger in a report on Tuesday. Canaccord Genuity Group dropped their price objective 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. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Traeger in a research note on Friday, May 8th. Finally, Zacks Research raised shares of Traeger from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $50.08.

Traeger Price Performance

NYSE COOK opened at $42.79 on Tuesday. The company has a 50-day moving average price of $34.97 and a 200-day moving average price of $43.17. Traeger has a 52 week low of $20.91 and a 52 week high of $110.50. The company has a quick ratio of 1.45, a current ratio of 3.40 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $118.96 million, a P/E ratio of -1.02 and a beta of 1.78.

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 the consensus estimate of ($3.36) by $4.85. Traeger had a negative net margin of 21.84% and a negative return on equity of 13.76%. The company had revenue of $94.07 million during the quarter, compared to analyst estimates of $95.05 million. Equities research analysts anticipate that Traeger will post -6.42 earnings per share for the current year.

Institutional Investors Weigh In On Traeger

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lido Advisors LLC purchased a new position in Traeger in the 3rd quarter worth about $27,000. RFP Financial Group LLC purchased a new position in shares of Traeger during the fourth quarter valued at $27,000. XTX Topco Ltd bought a new stake in shares of Traeger in the second quarter valued at about $57,000. Bank of America Corp DE grew its holdings in 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 acquiring an additional 8,933 shares in the last quarter. Finally, Caz Investments LP lifted its position in shares of Traeger by 100.0% in the 4th quarter. Caz Investments LP now owns 40,000 shares of the company’s stock worth $43,000 after purchasing an additional 20,000 shares during the period. 46.84% of the stock is currently owned by hedge funds and other institutional investors.

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.