Traeger, Inc. (NYSE:COOK) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Traeger, Inc. (NYSE:COOK) have earned an average recommendation of “Reduce” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have 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 $2.0938.

A number of research analysts recently commented on the company. Wall Street Zen upgraded Traeger from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research downgraded shares of Traeger from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Traeger in a research note on Monday, December 29th. Finally, Telsey Advisory Group dropped their price target on shares of Traeger from $1.75 to $1.50 and set a “market perform” rating for the company in a research report on Thursday, November 6th.

Institutional Trading of Traeger

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Traeger by 9,116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock valued at $2,889,000 after purchasing an additional 2,342,438 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in Traeger in the third quarter valued at about $1,220,000. Bridgeway Capital Management LLC grew its stake in Traeger by 27.1% during the third quarter. Bridgeway Capital Management LLC now owns 866,761 shares of the company’s stock worth $1,057,000 after buying an additional 185,014 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Traeger by 20.2% during the third quarter. Millennium Management LLC now owns 498,259 shares of the company’s stock worth $608,000 after buying an additional 83,796 shares in the last quarter. Finally, Drive Wealth Management LLC raised its stake in shares of Traeger by 107.4% in the third quarter. Drive Wealth Management LLC now owns 472,150 shares of the company’s stock valued at $576,000 after acquiring an additional 244,493 shares during the last quarter. 46.84% of the stock is currently owned by institutional investors.

Traeger Stock Performance

NYSE:COOK opened at $1.10 on Monday. The firm’s 50-day moving average is $1.00 and its 200-day moving average is $1.18. The company has a market cap of $150.90 million, a price-to-earnings ratio of -1.39 and a beta of 1.38. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.39 and a current ratio of 2.96. Traeger has a 52-week low of $0.71 and a 52-week high of $2.52.

Traeger (NYSE:COOK) last released its earnings results on Thursday, November 6th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.14). The firm had revenue of $125.40 million for the quarter, compared to analyst estimates of $111.04 million. Traeger had a negative return on equity of 11.31% and a negative net margin of 18.01%. Equities research analysts anticipate that Traeger will post -0.12 earnings per share for the current year.

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.