Traeger, Inc. (NYSE:COOK) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Traeger, with five hold ratings, one sell, and one buy among seven analysts. The average 12-month price target is $50.50, though some firms recently raised their targets.
• Traeger reported quarterly EPS of $0.53, exceeding the consensus estimate of a $1.57 loss, but revenue of $120.16 million fell short of the $133.20 million forecast. Analysts expect a full-year loss of approximately $0.30 per share.
• Insider ownership stands at 16.20%, while hedge funds and other institutions own 46.84% of the stock. An insider recently sold 2,750 shares at an average price of $55.30.

Traeger, Inc. (NYSE:COOK - Get Free Report) has been given a consensus rating of "Hold" by the seven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $50.50.

A number of brokerages recently weighed in on COOK. Telsey Advisory Group upped their target price on shares of Traeger from $45.00 to $65.00 and gave the stock a "market perform" rating in a research report on Thursday, August 6th. Robert W. Baird set a $40.00 target price on Traeger in a report on Tuesday, May 12th. B. Riley Financial reiterated a "neutral" rating on shares of Traeger in a research report on Friday, August 7th. Piper Sandler reissued a "neutral" rating and set a $38.00 price target on shares of Traeger in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $43.00 price target (up from $37.50) on shares of Traeger in a report on Friday, August 7th.

Insiders Place Their Bets

In other Traeger news, insider Cole VandenAkker sold 2,750 shares of the business's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $55.30, for a total transaction of $152,075.00. Following the transaction, the insider owned 23,913 shares in the company, valued at $1,322,388.90. The trade was a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Traeger

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Traeger by 9,116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company's stock worth $2,889,000 after buying an additional 2,342,438 shares during the period. Artisan Partners Limited Partnership lifted its stake in Traeger by 100.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,000,000 shares of the company's stock valued at $2,160,000 after acquiring an additional 1,000,000 shares during the period. FreeGulliver LLC purchased a new stake in shares of Traeger in the 4th quarter valued at $248,000. Bridgeway Capital Management LLC boosted its holdings in shares of Traeger by 27.1% in the 3rd quarter. Bridgeway Capital Management LLC now owns 866,761 shares of the company's stock valued at $1,057,000 after acquiring an additional 185,014 shares during the last quarter. Finally, MYDA Advisors LLC acquired a new stake in shares of Traeger in the fourth quarter worth $173,000. 46.84% of the stock is currently owned by hedge funds and other institutional investors.

Traeger Price Performance

Shares of NYSE:COOK opened at $50.02 on Tuesday. The firm's 50 day moving average price is $62.41 and its 200-day moving average price is $51.98. The company has a quick ratio of 2.29, a current ratio of 3.49 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $140.07 million, a PE ratio of -1.19 and a beta of 1.93. Traeger has a twelve month low of $20.91 and a twelve month high of $86.59.

Traeger (NYSE:COOK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of ($1.57) by $2.10. The firm had revenue of $120.16 million during the quarter, compared to analyst estimates of $133.20 million. Traeger had a negative return on equity of 13.76% and a negative net margin of 23.23%. Equities research analysts expect that Traeger will post -0.3 EPS 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.

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