Shares of Traeger, Inc. (NYSE:COOK – Get Free Report) have been given a consensus rating of “Hold” by the seven analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $50.50.
A number of research firms have recently weighed in on COOK. Zacks Research downgraded shares of Traeger from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Wall Street Zen raised Traeger from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird set a $40.00 price objective on Traeger in a research note on Tuesday, May 12th. Canaccord Genuity Group set a $77.00 price objective on Traeger and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Piper Sandler reiterated a “neutral” rating and set a $38.00 target price on shares of Traeger in a research report on Tuesday, May 12th.
Read Our Latest Analysis on COOK
Traeger Trading Down 1.7%
Traeger (NYSE:COOK – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of ($1.57) by $2.10. Traeger had a negative net margin of 23.23% and a negative return on equity of 13.76%. The business had revenue of $120.16 million during the quarter, compared to analysts’ expectations of $133.20 million. As a group, sell-side analysts anticipate that Traeger will post -0.3 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in Traeger by 36.6% during the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock worth $80,000 after buying an additional 8,933 shares in 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 valued at $282,000 after buying an additional 14,271 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Traeger in the 2nd quarter valued at approximately $57,000. Marshall Wace LLP lifted its holdings in shares of Traeger by 371.7% during the 2nd quarter. Marshall Wace LLP now owns 130,666 shares of the company’s stock worth $223,000 after acquiring an additional 102,967 shares during the period. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Traeger by 32.8% during the 2nd quarter. Diversify Wealth Management LLC now owns 114,561 shares of the company’s stock worth $196,000 after acquiring an additional 28,313 shares during the period. Institutional investors and hedge funds own 46.84% of the company’s stock.
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.
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