Traeger, Inc. (NYSE:COOK) Receives $53.00 Average Price Target from Brokerages

Traeger, Inc. (NYSE:COOK) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $53.00.

Several brokerages have commented on COOK. Weiss Ratings reissued a “sell (d-)” rating on shares of Traeger in a research report on Monday, December 29th. Piper Sandler lowered their price objective on Traeger from $75.00 to $37.50 and set a “neutral” rating for the company in a research report on Friday, March 6th. Zacks Research raised Traeger from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. B. Riley Financial reaffirmed a “neutral” rating and issued a $40.00 price target (down from $50.00) on shares of Traeger in a research report on Friday, March 6th. Finally, Wall Street Zen lowered Traeger from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th.

Traeger Stock Performance

Shares of Traeger stock opened at $43.62 on Friday. 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 $119.53 million, a P/E ratio of -1.00 and a beta of 1.52. The business has a fifty day simple moving average of $35.61 and a two-hundred day simple moving average of $44.85. Traeger has a 12 month low of $20.91 and a 12 month high of $110.50.

Hedge Funds Weigh In On Traeger

Several large investors have recently modified their holdings of COOK. Bank of America Corp DE raised its position 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 worth $80,000 after purchasing an additional 8,933 shares during the last quarter. Empowered Funds LLC raised its position in shares of Traeger by 9.3% in the 1st quarter. Empowered Funds LLC now owns 167,696 shares of the company’s stock worth $282,000 after purchasing an additional 14,271 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Traeger in the 2nd quarter worth about $57,000. Marshall Wace LLP raised its position in shares of Traeger by 371.7% in the 2nd quarter. Marshall Wace LLP now owns 130,666 shares of the company’s stock worth $223,000 after purchasing an additional 102,967 shares during the last quarter. Finally, Diversify Wealth Management LLC raised its position 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 last quarter. Hedge funds and other institutional investors 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.