Traeger (COOK) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Traeger is set to release its Q2 2025 earnings on August 6th, with analysts expecting earnings of $0.07 per share and revenue of $166.49 million.
• CEO Jeremy Andrus has recently purchased 176,425 shares of Traeger stock, increasing his holdings in the company, which now comprise 14,228,779 shares valued at approximately $20.77 million.
• Several analysts have reduced their price targets for Traeger, with the average target now at $2.44, while the stock holds a current average rating of "Hold."

Traeger (NYSE:COOK - Get Free Report) is expected to post its Q2 2025 quarterly earnings results after the market closes on Wednesday, August 6th. Analysts expect Traeger to post earnings of $0.07 per share and revenue of $166.49 million for the quarter.

Traeger Stock Performance

NYSE:COOK traded down $0.08 during mid-day trading on Friday, hitting $1.55. 344,928 shares of the company's stock traded hands, compared to its average volume of 293,322. The firm has a 50 day moving average of $1.75 and a two-hundred day moving average of $1.85. Traeger has a 12 month low of $1.28 and a 12 month high of $3.97. The firm has a market capitalization of $209.64 million, a price-to-earnings ratio of -6.72 and a beta of 1.46. The company has a current ratio of 2.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.43.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. B. Riley restated a "buy" rating and set a $3.00 target price (down previously from $4.00) on shares of Traeger in a research note on Friday, May 2nd. Piper Sandler decreased their target price on Traeger from $2.50 to $2.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Canaccord Genuity Group reduced their price objective on Traeger from $5.00 to $3.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $2.00 price objective on shares of Traeger in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Traeger currently has a consensus rating of "Hold" and a consensus target price of $2.44.

Insider Activity

In related news, CEO Jeremy Andrus bought 300,762 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was acquired at an average cost of $1.34 per share, with a total value of $403,021.08. Following the acquisition, the chief executive officer owned 13,805,554 shares in the company, valued at approximately $18,499,442.36. This represents a 2.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders purchased 730,387 shares of company stock valued at $1,009,986. Corporate insiders own 14.70% of the company's stock.

Hedge Funds Weigh In On Traeger

A hedge fund recently raised its stake in Traeger stock. Bank of America Corp DE grew its position in Traeger, Inc. (NYSE:COOK - Free Report) by 36.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,314 shares of the company's stock after buying an additional 8,933 shares during the period. Bank of America Corp DE's holdings in Traeger were worth $80,000 at the end of the most recent reporting period. 46.84% of the stock is currently owned by institutional investors and hedge funds.

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.