B. Riley Issues Optimistic Estimate 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) - Research analysts at B. Riley upped their Q3 2025 EPS estimates for shares of Traeger in a research note issued to investors 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 previous estimate 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 research analysts have also weighed in on the stock. Telsey Advisory Group dropped their price objective on shares of Traeger from $2.00 to $1.75 and set a "market perform" rating on the stock in a research note on Thursday, August 7th. Royal Bank Of Canada dropped their price target on shares of Traeger from $1.50 to $1.25 and set a "sector perform" rating on the stock in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Traeger from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Canaccord Genuity Group decreased their price objective on shares of Traeger from $5.00 to $3.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Piper Sandler reduced their target price on shares of Traeger from $2.50 to $2.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Traeger has a consensus rating of "Hold" and a consensus target price of $2.13.

Traeger Trading Up 1.9%

COOK opened at $1.33 on Monday. Traeger has a twelve month low of $1.28 and a twelve month high of $3.97. The company has a quick ratio of 1.38, a current ratio of 2.92 and a debt-to-equity ratio of 1.45. The company has a fifty day moving average of $1.77 and a 200-day moving average of $1.76. The stock has a market cap of $180.05 million, a PE ratio of -4.91 and a beta of 1.46.

Hedge Funds Weigh In On Traeger

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Traeger by 84.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 475,411 shares of the company's stock worth $1,136,000 after purchasing an additional 217,771 shares during the period. Two Sigma Investments LP lifted its stake in shares of Traeger by 32.7% in the 4th quarter. Two Sigma Investments LP now owns 123,931 shares of the company's stock worth $296,000 after purchasing an additional 30,539 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Traeger by 202.8% in the 4th quarter. Two Sigma Advisers LP now owns 32,100 shares of the company's stock worth $77,000 after purchasing an additional 21,500 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of Traeger by 36.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 232,052 shares of the company's stock worth $555,000 after purchasing an additional 61,923 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Traeger by 758.1% in the 4th quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company's stock worth $325,000 after purchasing an additional 120,136 shares during the period. Institutional investors own 46.84% of the company's stock.

Insider Transactions at Traeger

In other news, CEO Jeremy Andrus purchased 300,762 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average price of $1.34 per share, for a total transaction of $403,021.08. Following the purchase, the chief executive officer directly owned 13,805,554 shares in the company, valued at approximately $18,499,442.36. This trade represents a 2.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have bought 730,387 shares of company stock valued at $1,009,986. Insiders own 14.70% of the company's stock.

About Traeger

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.

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