Shares of Traeger, Inc. (NYSE:COOK – Get Free Report) have received an average rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One 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 12-month price objective among brokerages that have covered the stock in the last year is $50.50.
A number of brokerages have issued reports on COOK. Telsey Advisory Group raised their target price on Traeger from $45.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Royal Bank Of Canada reissued a “sector perform” rating and set a $43.00 price target (up from $37.50) on shares of Traeger in a research note on Friday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Traeger in a research note on Friday, September 4th. Canaccord Genuity Group set a $77.00 target price on shares of Traeger and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Zacks Research lowered Traeger from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th.
View Our Latest Stock Report on Traeger
Traeger Trading Down 0.7%
Shares of Traeger stock opened at $52.58 on Wednesday. The stock’s 50 day simple moving average is $49.85 and its 200-day simple moving average is $51.04. The stock has a market cap of $147.22 million, a P/E ratio of -1.25 and a beta of 1.99. Traeger has a 1-year low of $20.91 and a 1-year high of $86.59. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.49 and a quick ratio of 2.29.
Traeger (NYSE:COOK – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $120.16 million for the quarter, compared to the consensus estimate of $133.20 million. Analysts predict that Traeger will post -0.30 EPS for the current fiscal year.
Insider Buying and Selling at Traeger
In other news, insider Cole VandenAkker sold 2,750 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $55.30, for a total transaction of $152,075.00. Following the sale, the insider owned 23,913 shares of the company’s stock, valued at approximately $1,322,388.90. This trade represents a 10.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.20% of the company’s stock.
Institutional Trading of Traeger
An institutional investor recently bought a new stake in Traeger stock. State Street Corp bought a new position in Traeger, Inc. (NYSE:COOK – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,637 shares of the company’s stock, valued at approximately $444,000. State Street Corp owned approximately 0.20% of Traeger at the end of the most recent reporting period. Hedge funds and other institutional investors own 46.84% of the company’s stock.
About Traeger
Traeger, Inc designs, manufactures and sells outdoor cooking products under the Traeger brand. The company is best known for its wood-pellet grills, which use automated temperature controls and hardwood pellets to provide wood-fired cooking. Its product portfolio also includes gas and charcoal grills, portable grills, pizza ovens, smokers and related outdoor cooking equipment.
In addition to grills, Traeger offers wood pellets, rubs, sauces, marinades, cookware, replacement parts and other accessories.
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