Traeger (NYSE:COOK) Posts Quarterly Earnings Results, Beats Estimates By $2.10 EPS

Traeger (NYSE:COOK) released its quarterly earnings results on Wednesday. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of ($1.57) by $2.10, FiscalAI reports. The business had revenue of $120.16 million for the quarter, compared to analyst estimates of $133.20 million. Traeger had a negative net margin of 23.23% and a negative return on equity of 13.56%.

Here are the key takeaways from Traeger’s conference call:

• Full-year revenue guidance was lowered to $435 million–$465 million from $465 million–$485 million, driven by greater-than-expected MEATER softness and near-term channel disruption related to distribution changes.
• Traeger maintained its $57 million–$67 million Adjusted EBITDA outlook despite the lower revenue forecast, reflecting Project Gravity cost savings, MEATER profitability actions, and disciplined expense management.
• Traeger announced a national Lowe’s launch, with initial inventory loading expected in the fourth quarter and a full rollout of grills, griddles, accessories, and consumables planned for spring 2027; management views the partnership as a meaningful long-term household acquisition opportunity.
• Project Gravity is improving financial efficiency, with second-quarter free cash flow of $26 million, cash increasing to $60 million, inventory falling to $76 million, and the company remaining on track for at least $30 million of full-year free cash flow.
• Consumer engagement remained strong, including a record 267,000 connected cooks on July 4, while Westwood and Irontop saw better-than-expected sell-through and strong customer reviews as demand shifts toward more accessible price points.

Traeger Price Performance

Shares of COOK stock traded up $1.59 during trading on Friday, hitting $61.02. The company had a trading volume of 22,107 shares, compared to its average volume of 31,162. The stock’s 50-day moving average is $68.22 and its two-hundred day moving average is $51.04. The company has a quick ratio of 2.01, a current ratio of 3.40 and a debt-to-equity ratio of 2.29. The stock has a market capitalization of $169.65 million, a price-to-earnings ratio of -1.45 and a beta of 1.97. Traeger has a 52 week low of $20.91 and a 52 week high of $86.59.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COOK. Piper Sandler reiterated a “neutral” rating and issued a $38.00 price objective on shares of Traeger in a report on Tuesday, May 12th. B. Riley Financial reissued a “neutral” rating on shares of Traeger in a research note on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $43.00 price objective on shares of Traeger in a research note on Friday. Robert W. Baird set a $40.00 target price on shares of Traeger in a research report on Tuesday, May 12th. Finally, Wall Street Zen upgraded Traeger from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in Traeger by 9,116.3% in the third quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock worth $2,889,000 after purchasing an additional 2,342,438 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Traeger by 100.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,000,000 shares of the company’s stock worth $2,160,000 after acquiring an additional 1,000,000 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in Traeger by 27.1% in the third quarter. Bridgeway Capital Management LLC now owns 866,761 shares of the company’s stock valued at $1,057,000 after purchasing an additional 185,014 shares during the last quarter. Millennium Management LLC lifted its position in Traeger by 20.2% in the third quarter. Millennium Management LLC now owns 498,259 shares of the company’s stock valued at $608,000 after purchasing an additional 83,796 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Traeger by 118.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 256,082 shares of the company’s stock worth $312,000 after buying an additional 138,603 shares during the period. 46.84% of the stock is currently owned by 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.