Traeger (NYSE:COOK) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Traeger was upgraded by Wall Street Zen from “sell” to “hold,” adding to a broader trend of mostly neutral analyst views on the stock.
• Recent analyst action has been mixed but cautious, with multiple firms cutting price targets; MarketBeat data shows an average rating of “Hold” and an average target price of $53.00.
• The stock was up 4.0% and opened at $43.92, while Traeger’s shares remain volatile, trading well below their 52-week high of $110.50.

Traeger (NYSE:COOK - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Other analysts have also recently issued reports about the company. B. Riley Financial restated a "neutral" rating and issued a $40.00 target price (down from $50.00) on shares of Traeger in a report on Friday, March 6th. Telsey Advisory Group lowered their price target on Traeger from $75.00 to $50.00 and set a "market perform" rating for the company in a report on Friday, March 6th. Piper Sandler lowered their price target on Traeger from $75.00 to $37.50 and set a "neutral" rating for the company in a report on Friday, March 6th. Zacks Research upgraded Traeger from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 3rd. Finally, Canaccord Genuity Group lowered their price target on Traeger from $100.00 to $75.00 and set a "buy" rating for the company in a report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $53.00.

Traeger Stock Up 4.0%

Shares of NYSE:COOK opened at $43.92 on Friday. 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 business has a fifty day moving average of $35.00 and a two-hundred day moving average of $43.43. The stock has a market cap of $121.61 million, a P/E ratio of -1.01 and a beta of 1.78. Traeger has a 52-week low of $20.91 and a 52-week high of $110.50.

Hedge Funds Weigh In On Traeger

A number of hedge funds have recently modified their holdings of COOK. Lido Advisors LLC purchased a new position in Traeger during the 3rd quarter valued at about $27,000. RFP Financial Group LLC purchased a new position in Traeger during the 4th quarter valued at about $27,000. XTX Topco Ltd purchased a new position in Traeger during the 2nd quarter valued at about $57,000. Bank of America Corp DE boosted 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 acquiring an additional 8,933 shares during the period. Finally, Caz Investments LP boosted 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 acquiring an additional 20,000 shares during the period. 46.84% of the stock is currently 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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