Traeger (NYSE:COOK) Posts Earnings Results, Misses Expectations By $0.01 EPS

Traeger (NYSE:COOK) announced its quarterly earnings results on Thursday. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01), FiscalAI reports. The company had revenue of $145.36 million during the quarter, compared to the consensus estimate of $135.05 million. Traeger had a negative return on equity of 11.31% and a negative net margin of 18.01%.

Traeger Price Performance

COOK traded down $0.02 during trading hours on Thursday, hitting $0.81. The company’s stock had a trading volume of 566,749 shares, compared to its average volume of 288,819. The stock has a market cap of $110.65 million, a price-to-earnings ratio of -1.02 and a beta of 1.41. The business’s 50-day moving average price is $0.98 and its 200-day moving average price is $1.05. The company has a current ratio of 2.96, a quick ratio of 1.39 and a debt-to-equity ratio of 2.15. Traeger has a 12 month low of $0.71 and a 12 month high of $2.29.

Wall Street Analysts Forecast Growth

COOK has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Traeger from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Telsey Advisory Group cut their price objective on shares of Traeger from $1.75 to $1.50 and set a “market perform” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Traeger in a report on Monday, December 29th. Finally, Zacks Research raised shares of Traeger from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $2.09.

Institutional Trading of Traeger

A number of large investors have recently made changes to their positions in COOK. Bank of America Corp DE lifted its holdings in shares of Traeger by 36.6% in 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 last quarter. Empowered Funds LLC increased its stake in Traeger by 9.3% during 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. XTX Topco Ltd purchased a new stake in Traeger during the second quarter valued at approximately $57,000. Marshall Wace LLP lifted its stake in shares of Traeger by 371.7% in the 2nd quarter. Marshall Wace LLP now owns 130,666 shares of the company’s stock valued at $223,000 after purchasing an additional 102,967 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in shares of Traeger by 32.8% in the 2nd quarter. Diversify Wealth Management LLC now owns 114,561 shares of the company’s stock worth $196,000 after purchasing an additional 28,313 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.