Traeger, Inc. (NYSE:COOK) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Seven analysts give Traeger a consensus recommendation of "Hold" (1 sell, 5 hold, 1 buy) with an average 12‑month price target of $53.00.
• Several firms recently cut targets or ratings — Telsey lowered its target to $50, Canaccord trimmed to $75 while keeping a buy, B. Riley cut its target to $40, and Wall Street Zen downgraded Traeger to a sell.
• Shares opened at $39.91, the company has a market cap of about $110.5 million, a negative P/E (-0.92), and a 52‑week range of $20.91–$110.50.

Shares of Traeger, Inc. (NYSE:COOK - Get Free Report) have been given a consensus recommendation of "Hold" by the seven ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $53.00.

Several equities research analysts have weighed in on COOK shares. Zacks Research upgraded Traeger from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 3rd. Telsey Advisory Group lowered their price objective on shares of Traeger from $75.00 to $50.00 and set a "market perform" rating for the company in a research note on Friday, March 6th. Canaccord Genuity Group cut their target price on shares of Traeger from $100.00 to $75.00 and set a "buy" rating on the stock in a research report on Wednesday, March 25th. B. Riley Financial reaffirmed a "neutral" rating and issued a $40.00 price target (down from $50.00) on shares of Traeger in a research report on Friday, March 6th. Finally, Wall Street Zen lowered shares of Traeger from a "hold" rating to a "sell" rating in a report on Saturday, March 7th.

Traeger Stock Down 2.8%

Shares of NYSE:COOK opened at $39.91 on Wednesday. The business's 50 day moving average is $34.96 and its 200 day moving average is $43.55. The stock has a market cap of $110.51 million, a P/E ratio of -0.92 and a beta of 1.78. Traeger has a 52-week low of $20.91 and a 52-week 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.

Institutional Investors Weigh In On Traeger

A number of institutional investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC bought a new position in Traeger in the third quarter worth about $27,000. RFP Financial Group LLC bought a new stake in shares of Traeger in the 4th quarter valued at about $27,000. XTX Topco Ltd purchased a new position in shares of Traeger in the 2nd quarter worth approximately $57,000. Bank of America Corp DE grew its position in shares of Traeger by 36.6% in the 4th quarter. Bank of America Corp DE now owns 33,314 shares of the company's stock worth $80,000 after buying an additional 8,933 shares during the last quarter. Finally, Caz Investments LP raised its stake in shares of Traeger by 100.0% during the 4th quarter. Caz Investments LP now owns 40,000 shares of the company's stock worth $43,000 after acquiring an additional 20,000 shares in the last quarter. Institutional investors own 46.84% of the company's stock.

Traeger Company Profile

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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