Traeger (NYSE:COOK) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Traeger (NYSE:COOK) had its price target boosted by research analysts at Telsey Advisory Group from $43.00 to $45.00 in a report issued on Tuesday. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 8.10% from the company’s previous close.

COOK has been the topic of a number of other reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Traeger in a report on Friday. Canaccord Genuity Group decreased their target price on Traeger from $100.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Wall Street Zen upgraded Traeger from a “sell” rating to a “hold” rating in a research note on Saturday. Robert W. Baird set a $40.00 price target on Traeger in a research note on Tuesday. Finally, Piper Sandler restated a “neutral” rating and issued a $38.00 price target on shares of Traeger in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Traeger has a consensus rating of “Hold” and a consensus price target of $50.08.

Traeger Stock Down 5.0%

COOK stock opened at $41.63 on Tuesday. The company has a current ratio of 2.68, a quick ratio of 1.45 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $115.27 million, a PE ratio of -0.96 and a beta of 1.78. Traeger has a 1-year low of $20.91 and a 1-year high of $110.50. The business’s 50 day simple moving average is $34.99 and its 200 day simple moving average is $43.30.

Traeger (NYSE:COOK) last posted its earnings results on Monday, May 11th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of ($3.36) by $4.85. The business had revenue of $94.07 million for the quarter, compared to analyst estimates of $95.05 million. Traeger had a negative return on equity of 12.01% and a negative net margin of 20.59%. As a group, research analysts anticipate that Traeger will post -6.42 EPS for the current year.

Institutional Trading of Traeger

Several institutional investors have recently added to or reduced their stakes in COOK. Lido Advisors LLC bought a new stake in shares of Traeger during the 3rd quarter valued at $27,000. RFP Financial Group LLC bought a new stake in shares of Traeger during the 4th quarter valued at $27,000. XTX Topco Ltd bought a new stake in shares of Traeger during the 2nd quarter valued at $57,000. Bank of America Corp DE lifted its position in shares of Traeger by 36.6% during the 4th quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock valued at $80,000 after acquiring an additional 8,933 shares during the period. Finally, Caz Investments LP lifted its position in shares of Traeger by 100.0% during the 4th quarter. Caz Investments LP now owns 40,000 shares of the company’s stock valued at $43,000 after acquiring an additional 20,000 shares during the period. 46.84% of the stock is currently owned by institutional investors.

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.