Traeger (NYSE:COOK) Price Target Lowered to $1.50 at Telsey Advisory Group

Traeger (NYSE:COOK) had its target price lowered by Telsey Advisory Group from $1.75 to $1.50 in a report issued on Thursday morning, Marketbeat.com reports. The firm currently has a market perform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada decreased their price objective on shares of Traeger from $1.50 to $1.25 and set a “sector perform” rating for the company in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Traeger in a research note on Tuesday, October 14th. Wall Street Zen lowered Traeger from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, B. Riley downgraded Traeger from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $3.00 to $1.50 in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $2.09.

Traeger Price Performance

COOK opened at $0.86 on Thursday. The business has a fifty day moving average of $1.16 and a 200 day moving average of $1.45. The stock has a market cap of $116.88 million, a P/E ratio of -1.09 and a beta of 1.41. The company has a quick ratio of 1.38, a current ratio of 2.92 and a debt-to-equity ratio of 1.45. Traeger has a 52-week low of $0.86 and a 52-week high of $3.59.

Traeger (NYSE:COOK) last released its earnings results on Wednesday, November 5th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.14). The business had revenue of $125.40 million for the quarter, compared to the consensus estimate of $111.04 million. Traeger had a negative return on equity of 10.39% and a negative net margin of 18.01%. Traeger has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Traeger will post -0.12 EPS for the current year.

Institutional Trading of Traeger

Hedge funds have recently bought and sold shares of the stock. Bridgeway Capital Management LLC boosted its position in Traeger by 2.5% during the 2nd quarter. Bridgeway Capital Management LLC now owns 681,747 shares of the company’s stock valued at $1,166,000 after acquiring an additional 16,751 shares in the last quarter. Drive Wealth Management LLC lifted its stake in shares of Traeger by 107.4% during the 3rd quarter. Drive Wealth Management LLC now owns 472,150 shares of the company’s stock worth $576,000 after purchasing an additional 244,493 shares during the last quarter. Strs Ohio bought a new stake in Traeger during the first quarter valued at about $672,000. Fortitude Financial LLC purchased a new position in Traeger in the second quarter valued at about $422,000. Finally, Empowered Funds LLC raised its holdings in Traeger by 9.3% in the first quarter. Empowered Funds LLC now owns 167,696 shares of the company’s stock worth $282,000 after purchasing an additional 14,271 shares in the last quarter. Hedge funds and other institutional investors own 46.84% of the company’s stock.

Traeger Company Profile

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.