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

Traeger, Inc. (NYSE:COOK) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $50.0833.

A number of research analysts have issued reports on COOK shares. Wall Street Zen raised shares of Traeger from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Telsey Advisory Group lifted their target price on Traeger from $43.00 to $45.00 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Piper Sandler restated a “neutral” rating and issued a $38.00 price target on shares of Traeger in a research report on Tuesday, May 12th. Canaccord Genuity Group cut their price objective on Traeger from $100.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Finally, Robert W. Baird set a $40.00 target price on Traeger in a report on Tuesday, May 12th.

Traeger Price Performance

Shares of Traeger stock opened at $73.56 on Thursday. The company has a current ratio of 3.40, a quick ratio of 2.01 and a debt-to-equity ratio of 2.29. Traeger has a twelve month low of $20.91 and a twelve month high of $104.00. The stock has a market capitalization of $204.50 million, a P/E ratio of -1.75 and a beta of 1.95. The business’s fifty day moving average price is $57.73 and its 200 day moving average price is $48.28.

Traeger (NYSE:COOK) last issued its earnings results on Monday, May 11th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of ($3.36) by $4.85. Traeger had a negative return on equity of 13.76% and a negative net margin of 21.84%.The company had revenue of $94.07 million during the quarter, compared to the consensus estimate of $95.05 million. As a group, research analysts anticipate that Traeger will post -2.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. 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 worth $80,000 after purchasing an additional 8,933 shares during the period. Diversify Wealth Management LLC increased its holdings in Traeger by 9.8% during the 3rd quarter. Diversify Wealth Management LLC now owns 125,755 shares of the company’s stock valued at $153,000 after purchasing an additional 11,194 shares in the last quarter. Williams & Novak LLC raised its holdings in shares of Traeger by 16.9% in the fourth quarter. Williams & Novak LLC now owns 95,000 shares of the company’s stock valued at $103,000 after buying an additional 13,700 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Traeger by 9.3% in the first quarter. Empowered Funds LLC now owns 167,696 shares of the company’s stock worth $282,000 after acquiring an additional 14,271 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in Traeger by 19.9% during the 4th quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock worth $100,000 after buying an additional 15,400 shares in the last quarter. Institutional investors and hedge funds own 46.84% of the company’s stock.

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.