Traeger (NYSE:COOK) Releases Quarterly Earnings Results, Beats Expectations By $4.85 EPS

Traeger (NYSE:COOK) released its quarterly earnings data on Monday. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.36) by $4.85, FiscalAI reports. The business had revenue of $94.07 million during the quarter, compared to analysts’ expectations of $95.05 million. Traeger had a negative net margin of 20.59% and a negative return on equity of 12.01%.

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

• Traeger recognized a $12.4 million IEPA tariff refund in Q1 and raised full‑year adjusted EBITDA guidance to $57–$67 million while keeping revenue guidance unchanged.
• Project Gravity is delivering tangible results — including a $15 million year‑over‑year operating expense reduction, a 31% year‑over‑year inventory decline, and $14.5 million of free cash flow — and is expected to yield roughly $64–$70 million of run‑rate value.
• Underlying demand/financials remain pressured as Q1 revenue declined 34% YoY to $94 million, adjusted EBITDA fell to $17 million (including the tariff benefit), and gross margin excluding the refund was down ~890 basis points.
• Early traction for new, lower‑entry products — the Westwood grill lineup and Irontop griddles — shows strong reviewer ratings and could expand household reach and more frequent usage occasions.
• Management reiterated ongoing risks from competitive pressure on MEATER, rising transportation costs and tariff uncertainty, and noted the $15.6 million IEPA receivable has not yet converted to cash, limiting immediate liquidity benefit.

Traeger Stock Performance

COOK traded down $2.20 on Monday, reaching $41.63. The company had a trading volume of 8,085 shares, compared to its average volume of 11,662. Traeger has a 1 year low of $20.91 and a 1 year high of $110.50. The stock has a market capitalization of $115.31 million, a PE ratio of -0.96 and a beta of 1.78. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 2.34. The stock has a 50-day moving average price of $35.00 and a 200-day moving average price of $43.43.

Analyst Ratings Changes

COOK has been the subject of several recent analyst reports. Canaccord Genuity Group decreased their price objective on shares of Traeger from $100.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Zacks Research raised shares of Traeger from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Traeger in a research report on Friday. Piper Sandler decreased their price objective on shares of Traeger from $75.00 to $37.50 and set a “neutral” rating for the company in a research report on Friday, March 6th. Finally, Wall Street Zen raised shares of Traeger from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.00.

Institutional Investors Weigh In On Traeger

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lido Advisors LLC purchased a new stake in Traeger in the third quarter valued at $27,000. XTX Topco Ltd purchased a new stake in Traeger in the second quarter valued at $57,000. Bank of America Corp DE lifted its position in Traeger by 36.6% in the fourth 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 last quarter. Evergreen Capital Management LLC purchased a new stake in Traeger in the second quarter valued at $93,000. Finally, Blair William & Co. IL lifted its position in Traeger by 19.9% in the fourth quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock valued at $100,000 after acquiring an additional 15,400 shares during the last quarter. 46.84% of the stock is owned by hedge funds and other 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.