Traeger, Inc. (NYSE:COOK) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts give Traeger an average rating of "Hold" across seven firms (1 sell, 5 hold, 1 buy) with a consensus 12‑month target price of $53.00.
• Several brokerages have recently cut price targets and/or downgraded the stock — for example, Piper Sandler lowered its target to $37.50 and B. Riley to $40, while Wall Street Zen moved to a sell and Canaccord still rates it a buy at $75 (down from $100).
• Traeger shares trade around $32.57 (50‑day/200‑day MAs $36.97/$45.72) with a 12‑month range of $20.91–$110.50; the company has a small market cap (~$89M), negative earnings (PE -0.75) and relatively high leverage (debt/equity 2.34).

Shares of Traeger, Inc. (NYSE:COOK - Get Free Report) have been given an average recommendation of "Hold" by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $53.00.

Several brokerages have weighed in on COOK. Piper Sandler reduced their price objective on Traeger from $75.00 to $37.50 and set a "neutral" rating on the stock in a research note on Friday, March 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Traeger in a research note on Monday, December 29th. Wall Street Zen downgraded Traeger from a "hold" rating to a "sell" rating in a research report on Saturday, March 7th. B. Riley Financial restated a "neutral" rating and set a $40.00 price target (down from $50.00) on shares of Traeger in a report on Friday, March 6th. Finally, Canaccord Genuity Group dropped their price objective on shares of Traeger from $100.00 to $75.00 and set a "buy" rating for the company in a research note on Wednesday, March 25th.

Traeger Stock Performance

Traeger stock opened at $32.57 on Friday. The company's 50-day moving average price is $36.97 and its 200-day moving average price is $45.72. Traeger has a twelve month low of $20.91 and a twelve month high of $110.50. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 2.34. The company has a market cap of $89.23 million, a PE ratio of -0.75 and a beta of 1.52.

Hedge Funds Weigh In On Traeger

A number of large investors have recently made changes to their positions in COOK. Lido Advisors LLC bought a new position in Traeger during the 3rd quarter valued at about $27,000. RFP Financial Group LLC bought a new position in Traeger during the 4th quarter valued at about $27,000. Caz Investments LP grew its holdings in Traeger by 100.0% during the 4th quarter. Caz Investments LP now owns 40,000 shares of the company's stock valued at $43,000 after purchasing an additional 20,000 shares during the last quarter. XTX Topco Ltd bought a new position in Traeger during the 2nd quarter valued at about $57,000. Finally, Bank of America Corp DE grew its holdings in Traeger by 36.6% during the 4th quarter. Bank of America Corp DE now owns 33,314 shares of the company's stock valued at $80,000 after purchasing an additional 8,933 shares during the last quarter. 46.84% of the stock is owned by hedge funds and other institutional investors.

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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