Traeger (NYSE:COOK – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of ($1.57) by $2.10, FiscalAI reports. The business had revenue of $120.16 million for the quarter, compared to analyst estimates of $133.20 million. Traeger had a negative net margin of 23.23% and a negative return on equity of 13.56%.
Here are the key takeaways from Traeger’s conference call:
- Full-year revenue guidance was lowered to $435 million–$465 million from $465 million–$485 million, driven by greater-than-expected MEATER softness and near-term channel disruption related to distribution changes.
- Traeger maintained its $57 million–$67 million Adjusted EBITDA outlook despite the lower revenue forecast, reflecting Project Gravity cost savings, MEATER profitability actions, and disciplined expense management.
- Traeger announced a national Lowe’s launch, with initial inventory loading expected in the fourth quarter and a full rollout of grills, griddles, accessories, and consumables planned for spring 2027; management views the partnership as a meaningful long-term household acquisition opportunity.
- Project Gravity is improving financial efficiency, with second-quarter free cash flow of $26 million, cash increasing to $60 million, inventory falling to $76 million, and the company remaining on track for at least $30 million of full-year free cash flow.
- Consumer engagement remained strong, including a record 267,000 connected cooks on July 4, while Westwood and Irontop saw better-than-expected sell-through and strong customer reviews as demand shifts toward more accessible price points.
Traeger Stock Up 4.2%
Shares of COOK traded up $2.48 during midday trading on Friday, hitting $61.91. The stock had a trading volume of 25,147 shares, compared to its average volume of 31,162. The company has a 50 day simple moving average of $68.22 and a two-hundred day simple moving average of $51.04. Traeger has a twelve month low of $20.91 and a twelve month high of $86.59. The firm has a market cap of $172.11 million, a price-to-earnings ratio of -1.46 and a beta of 1.97. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.40 and a quick ratio of 2.01.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on Traeger
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Traeger by 9,116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock valued at $2,889,000 after acquiring an additional 2,342,438 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in Traeger by 100.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,000,000 shares of the company’s stock valued at $2,160,000 after purchasing an additional 1,000,000 shares during the last quarter. FreeGulliver LLC bought a new position in Traeger in the fourth quarter valued at approximately $248,000. Bridgeway Capital Management LLC increased its position in shares of Traeger by 27.1% during the 3rd quarter. Bridgeway Capital Management LLC now owns 866,761 shares of the company’s stock worth $1,057,000 after purchasing an additional 185,014 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Traeger by 118.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 256,082 shares of the company’s stock worth $312,000 after purchasing an additional 138,603 shares during the last quarter. 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.
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