Traeger, Inc. (NYSE:COOK) Given Average Rating of “Hold” by Analysts

Shares of Traeger, Inc. (NYSE:COOK) have earned an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $1.16.

COOK has been the subject of a number of research reports. Telsey Advisory Group reduced their price objective on Traeger from $1.50 to $1.00 and set a “market perform” rating for the company in a research report on Friday, March 6th. B. Riley Financial restated a “neutral” rating and issued a $0.80 target price (down from $1.00) on shares of Traeger in a research note on Friday, March 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Traeger in a research report on Monday, December 29th. Wall Street Zen lowered shares of Traeger from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Piper Sandler dropped their price objective on shares of Traeger from $1.50 to $0.75 and set a “neutral” rating for the company in a research note on Friday, March 6th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its stake in Traeger by 9.2% during the fourth quarter. Empowered Funds LLC now owns 227,741 shares of the company’s stock worth $246,000 after purchasing an additional 19,280 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Traeger by 100.0% in the 4th 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 period. Blair William & Co. IL raised its holdings in shares of Traeger by 19.9% in the 4th quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock worth $100,000 after buying an additional 15,400 shares in the last quarter. RFP Financial Group LLC acquired a new position in shares of Traeger in the 4th quarter worth approximately $27,000. Finally, MYDA Advisors LLC bought a new position in shares of Traeger during the 4th quarter worth approximately $173,000. Institutional investors and hedge funds own 46.84% of the company’s stock.

Traeger Stock Performance

NYSE COOK opened at $0.60 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.68 and a quick ratio of 1.45. The firm has a market capitalization of $82.35 million, a price-to-earnings ratio of -0.69 and a beta of 1.41. The company’s fifty day moving average is $0.91 and its two-hundred day moving average is $1.01. Traeger has a 52-week low of $0.48 and a 52-week high of $2.21.

Shares of Traeger are scheduled to reverse split on the morning of Wednesday, March 18th. The 1-50 reverse split was announced on Thursday, March 12th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, March 17th.

Traeger (NYSE:COOK) last released its earnings results on Friday, March 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Traeger had a negative net margin of 20.59% and a negative return on equity of 12.01%. The company had revenue of $145.36 million during the quarter, compared to the consensus estimate of $135.05 million. Equities research analysts forecast that Traeger will post -0.12 EPS for the current year.

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.