Analysts Set Traeger, Inc. (NYSE:COOK) PT at $50.08

Traeger, Inc. (NYSE:COOK) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $50.0833.

Several research firms have recently commented on COOK. Weiss Ratings upgraded Traeger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Piper Sandler restated a “neutral” rating and set a $38.00 price objective on shares of Traeger in a report on Tuesday, May 12th. Telsey Advisory Group boosted their price objective on Traeger from $43.00 to $45.00 and gave the company a “market perform” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded Traeger from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Canaccord Genuity Group decreased their price objective on Traeger from $100.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, March 25th.

Institutional Investors Weigh In On Traeger

Institutional investors have recently bought and sold shares of the stock. MYDA Advisors LLC bought a new stake in Traeger during the fourth quarter worth $173,000. Artisan Partners Limited Partnership purchased a new position in Traeger in the third quarter worth $1,220,000. RFP Financial Group LLC bought a new position in Traeger in the 4th quarter valued at $27,000. GSA Capital Partners LLP increased its position in shares of Traeger by 18.1% during the 3rd quarter. GSA Capital Partners LLP now owns 404,840 shares of the company’s stock valued at $494,000 after purchasing an additional 62,074 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of Traeger by 19.9% during the 4th quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock valued at $100,000 after purchasing an additional 15,400 shares during the last quarter. Institutional investors own 46.84% of the company’s stock.

Traeger Trading Up 5.0%

Shares of COOK stock opened at $83.25 on Thursday. The company has a market cap of $231.61 million, a P/E ratio of -1.99 and a beta of 1.98. The stock has a 50 day simple moving average of $56.43 and a two-hundred day simple moving average of $47.98. The company has a debt-to-equity ratio of 2.29, a quick ratio of 2.01 and a current ratio of 3.40. Traeger has a fifty-two week low of $20.91 and a fifty-two week high of $104.00.

Traeger (NYSE:COOK) last released its quarterly earnings data on Monday, May 11th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of ($3.36) by $4.85. The firm had revenue of $94.07 million during the quarter, compared to the consensus estimate of $95.05 million. Traeger had a negative return on equity of 13.76% and a negative net margin of 21.84%. Research analysts forecast that Traeger will post -2.29 earnings per share for the current year.

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.