Brokerages Set Traeger, Inc. (NYSE:COOK) Target Price at $4.38

Traeger, Inc. (NYSE:COOKGet Free Report) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $4.38.

COOK has been the subject of a number of recent research reports. Telsey Advisory Group cut their price objective on Traeger from $4.50 to $4.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Canaccord Genuity Group dropped their price target on Traeger from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th.

Read Our Latest Research Report on Traeger

Traeger Price Performance

Shares of NYSE:COOK opened at $2.24 on Friday. Traeger has a fifty-two week low of $1.97 and a fifty-two week high of $6.70. The firm has a market cap of $288.67 million, a price-to-earnings ratio of -3.39 and a beta of 1.07. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.74. The business has a 50-day simple moving average of $2.29 and a two-hundred day simple moving average of $2.33.

Traeger (NYSE:COOKGet Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.04). The business had revenue of $163.48 million for the quarter, compared to analysts’ expectations of $153.10 million. Traeger had a negative net margin of 13.54% and a negative return on equity of 22.43%. On average, analysts expect that Traeger will post -0.21 earnings per share for the current year.

Hedge Funds Weigh In On Traeger

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Traeger by 5.0% in the third quarter. Bank of New York Mellon Corp now owns 121,540 shares of the company’s stock valued at $332,000 after purchasing an additional 5,752 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Traeger in the fourth quarter worth approximately $28,000. Blair William & Co. IL boosted its stake in shares of Traeger by 11.6% in the third quarter. Blair William & Co. IL now owns 98,447 shares of the company’s stock worth $269,000 after acquiring an additional 10,260 shares during the last quarter. SG Americas Securities LLC acquired a new position in Traeger during the first quarter worth $27,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Traeger by 96.3% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 28,643 shares of the company’s stock worth $78,000 after buying an additional 14,054 shares during the last quarter. Institutional investors own 46.84% of the company’s stock.

Traeger Company Profile

(Get Free Report

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.

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Analyst Recommendations for Traeger (NYSE:COOK)

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