Traeger (NYSE:COOK) Rating Increased to Hold at Wall Street Zen

Traeger (NYSE:COOK) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other brokerages have also weighed in on COOK. Weiss Ratings restated a “sell (e+)” rating on shares of Traeger in a research report on Wednesday. B. Riley lowered Traeger from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $3.00 to $1.50 in a research note on Wednesday, August 13th. Royal Bank Of Canada lowered their price target on Traeger from $1.50 to $1.25 and set a “sector perform” rating on the stock in a report on Thursday, August 7th. Finally, Telsey Advisory Group reduced their price objective on Traeger from $1.75 to $1.50 and set a “market perform” rating for the company in a report on Thursday. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Traeger currently has a consensus rating of “Reduce” and a consensus price target of $2.09.

Traeger Price Performance

COOK stock traded down $0.05 on Friday, reaching $0.81. 1,384,466 shares of the company’s stock were exchanged, compared to its average volume of 326,732. The stock has a fifty day moving average of $1.15 and a 200-day moving average of $1.44. The firm has a market cap of $110.48 million, a PE ratio of -1.03 and a beta of 1.41. The company has a quick ratio of 1.38, a current ratio of 2.92 and a debt-to-equity ratio of 1.45. Traeger has a twelve month low of $0.77 and a twelve month high of $3.43.

Traeger (NYSE:COOK) last released its earnings results on Wednesday, November 5th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.14). The business had revenue of $125.40 million during the quarter, compared to analyst estimates of $111.04 million. Traeger had a negative net margin of 18.01% and a negative return on equity of 10.39%. Traeger has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Traeger will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Traeger

A number of institutional investors have recently modified their holdings of COOK. Norden Group LLC lifted its stake in shares of Traeger by 27.2% during the second quarter. Norden Group LLC now owns 23,350 shares of the company’s stock valued at $40,000 after buying an additional 5,000 shares during the period. XTX Topco Ltd purchased a new position in shares of Traeger during the 2nd quarter worth $57,000. Bank of America Corp DE boosted its holdings in shares of Traeger by 36.6% during the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock worth $80,000 after purchasing an additional 8,933 shares during the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of Traeger during the second quarter worth $93,000. Finally, Williams & Novak LLC grew its position in shares of Traeger by 46.3% in the third quarter. Williams & Novak LLC now owns 81,300 shares of the company’s stock valued at $99,000 after purchasing an additional 25,730 shares during the period. Institutional investors and hedge funds own 46.84% of the company’s stock.

Traeger Company Profile

Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbecue grills for retailers, distributors, and direct to consumers in the United States. Its wood pellet grills are internet of things devices that allow owners to program, monitor, and control their grill through its Traeger app.