B. Riley Issues Pessimistic Estimate for Traeger Earnings

Traeger, Inc. (NYSE:COOK) – Equities researchers at B. Riley cut their FY2025 EPS estimates for shares of Traeger in a research note issued to investors on Sunday, November 16th. B. Riley analyst A. Glaessgen now forecasts that the company will earn ($0.21) per share for the year, down from their previous forecast of ($0.09). B. Riley currently has a “Neutral” rating and a $1.50 target price on the stock. The consensus estimate for Traeger’s current full-year earnings is ($0.12) per share. B. Riley also issued estimates for Traeger’s Q4 2025 earnings at ($0.02) EPS, Q3 2026 earnings at ($0.07) EPS and FY2026 earnings at ($0.12) EPS.

A number of other analysts have also recently issued reports on the stock. Telsey Advisory Group reduced their price objective on shares of Traeger from $1.75 to $1.50 and set a “market perform” rating for the company in a research note on Thursday, November 6th. Royal Bank Of Canada lowered their target price on Traeger from $1.50 to $1.25 and set a “sector perform” rating for the company in a research report on Thursday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Traeger in a research report on Monday. Finally, Wall Street Zen raised shares of Traeger from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $2.09.

Traeger Trading Up 0.1%

NYSE:COOK opened at $0.81 on Wednesday. Traeger has a one year low of $0.77 and a one year high of $3.43. The company has a debt-to-equity ratio of 2.15, a current ratio of 2.96 and a quick ratio of 1.39. The firm has a market capitalization of $111.40 million, a price-to-earnings ratio of -1.03 and a beta of 1.41. The business has a fifty day moving average price of $1.09 and a 200-day moving average price of $1.41.

Traeger (NYSE:COOK) last announced its earnings results on Wednesday, November 5th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.14). The business had revenue of $125.40 million for the quarter, compared to analysts’ expectations of $111.04 million. Traeger had a negative net margin of 18.01% and a negative return on equity of 11.31%. Traeger has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COOK. JPMorgan Chase & Co. lifted its holdings in shares of Traeger by 9,116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock worth $2,889,000 after acquiring an additional 2,342,438 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in Traeger in the third quarter worth about $1,220,000. Bridgeway Capital Management LLC lifted its stake in Traeger by 27.1% in the third quarter. Bridgeway Capital Management LLC now owns 866,761 shares of the company’s stock worth $1,057,000 after purchasing an additional 185,014 shares during the last quarter. Millennium Management LLC boosted its position in shares of Traeger by 20.2% during the third quarter. Millennium Management LLC now owns 498,259 shares of the company’s stock valued at $608,000 after buying an additional 83,796 shares during the period. Finally, Drive Wealth Management LLC grew its stake in shares of Traeger by 107.4% during the third quarter. Drive Wealth Management LLC now owns 472,150 shares of the company’s stock valued at $576,000 after buying an additional 244,493 shares during the last quarter. 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.