Traeger (COOK) to Release Quarterly Earnings on Thursday

Traeger (NYSE:COOK - Get Free Report) is anticipated to release its Q1 2025 earnings results after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.05 per share and revenue of $140.63 million for the quarter.

Traeger Price Performance

Shares of COOK stock traded down $0.02 during trading hours on Tuesday, hitting $1.46. 26,791 shares of the company's stock were exchanged, compared to its average volume of 209,229. The company has a market capitalization of $190.09 million, a PE ratio of -3.64 and a beta of 1.42. The company has a current ratio of 2.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.42. Traeger has a 12-month low of $1.32 and a 12-month high of $3.97. The business's 50 day simple moving average is $1.76 and its 200-day simple moving average is $2.43.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Morgan Stanley lowered their price target on shares of Traeger from $3.00 to $2.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. Royal Bank of Canada dropped their target price on Traeger from $2.75 to $2.00 and set a "sector perform" rating for the company in a report on Friday, March 7th. UBS Group set a $2.50 price target on Traeger in a research note on Friday, March 7th. Piper Sandler cut their target price on shares of Traeger from $3.75 to $2.50 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, Robert W. Baird lowered their price target on shares of Traeger from $3.50 to $2.50 and set a "neutral" rating for the company in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $2.50.

Institutional Trading of Traeger

An institutional investor recently raised its position in Traeger stock. Bank of America Corp DE lifted its stake in Traeger, Inc. (NYSE:COOK - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,314 shares of the company's stock after purchasing an additional 8,933 shares during the period. Bank of America Corp DE's holdings in Traeger were worth $80,000 as of its most recent SEC filing. 46.84% of the stock is owned by institutional investors.

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.