B. Riley Issues Optimistic Forecast for Traeger Earnings

Key Points

• Analyst B. Riley has increased their Q3 2025 earnings estimate for Traeger to ($0.08) per share, up from a previous estimate of ($0.09), maintaining a "Neutral" rating with a $1.50 price objective.
• Several other analysts have lowered their price targets on Traeger, with Telsey Advisory reducing theirs from $2.00 to $1.75, while RBC dropped theirs from $1.50 to $1.25.
• Institutional investors have significantly increased their stakes in Traeger, with Dimensional Fund Advisors boosting their investment by 84.5% in the last quarter.

Traeger, Inc. (NYSE:COOK - Free Report) - Equities researchers at B. Riley boosted their Q3 2025 earnings per share estimates for Traeger in a report released on Wednesday, August 13th. B. Riley analyst A. Glaessgen now anticipates that the company will earn ($0.08) per share for the quarter, up from their prior forecast of ($0.09). B. Riley has a "Neutral" rating and a $1.50 price objective on the stock. The consensus estimate for Traeger's current full-year earnings is ($0.12) per share. B. Riley also issued estimates for Traeger's Q4 2025 earnings at ($0.01) EPS, FY2025 earnings at ($0.09) EPS and FY2026 earnings at ($0.09) EPS.

A number of other brokerages have also recently issued reports on COOK. Royal Bank Of Canada decreased their target price on Traeger from $1.50 to $1.25 and set a "sector perform" rating for the company in a research report on Thursday, August 7th. Telsey Advisory Group decreased their target price on Traeger from $2.00 to $1.75 and set a "market perform" rating for the company in a research report on Thursday, August 7th. Canaccord Genuity Group decreased their target price on Traeger from $5.00 to $3.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Piper Sandler dropped their price target on Traeger from $2.50 to $2.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded Traeger from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Traeger has an average rating of "Hold" and a consensus target price of $2.13.

Traeger Stock Performance

Traeger stock traded up $0.0380 during trading hours on Monday, reaching $1.3080. 522,532 shares of the company were exchanged, compared to its average volume of 321,656. The firm has a market cap of $177.74 million, a price-to-earnings ratio of -4.84 and a beta of 1.46. The company has a current ratio of 2.92, a quick ratio of 1.38 and a debt-to-equity ratio of 1.45. The stock has a 50-day moving average of $1.72 and a 200 day moving average of $1.73. Traeger has a 12 month low of $1.24 and a 12 month high of $3.97.

Insider Activity at Traeger

In other news, CEO Jeremy Andrus acquired 176,425 shares of Traeger stock in a transaction on Friday, June 6th. The stock was bought at an average price of $1.46 per share, for a total transaction of $257,580.50. Following the transaction, the chief executive officer owned 14,228,779 shares of the company's stock, valued at $20,774,017.34. The trade was a 1.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 730,387 shares of company stock valued at $1,009,986. 14.70% of the stock is currently owned by company insiders.

Institutional Trading of Traeger

A number of hedge funds have recently modified their holdings of the company. Millennium Management LLC lifted its position in shares of Traeger by 1.1% in the 4th quarter. Millennium Management LLC now owns 407,265 shares of the company's stock worth $973,000 after acquiring an additional 4,433 shares during the period. Geode Capital Management LLC lifted its position in shares of Traeger by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,081,364 shares of the company's stock worth $2,585,000 after acquiring an additional 4,445 shares during the period. Norden Group LLC lifted its position in shares of Traeger by 27.2% in the 2nd quarter. Norden Group LLC now owns 23,350 shares of the company's stock worth $40,000 after acquiring an additional 5,000 shares during the period. Barclays PLC grew its stake in shares of Traeger by 15.9% in the 4th quarter. Barclays PLC now owns 51,987 shares of the company's stock valued at $124,000 after purchasing an additional 7,126 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Traeger by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 650,725 shares of the company's stock worth $1,555,000 after buying an additional 7,662 shares in the last quarter. Institutional investors 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.