Traeger (NYSE:COOK) Releases Earnings Results, Beats Expectations By $2.10 EPS

Traeger (NYSE:COOK) posted its earnings results on Wednesday. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of ($1.57) by $2.10, FiscalAI reports. Traeger had a negative return on equity of 13.76% and a negative net margin of 21.84%.The firm had revenue of $120.16 million for the quarter, compared to analysts’ expectations of $133.20 million.

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 Price Performance

Traeger stock traded down $1.39 during midday trading on Wednesday, reaching $67.38. The company had a trading volume of 54,525 shares, compared to its average volume of 74,274. The company has a market capitalization of $187.32 million, a P/E ratio of -1.61 and a beta of 1.97. Traeger has a 12-month low of $20.91 and a 12-month high of $87.88. The firm’s fifty day simple moving average is $68.32 and its 200-day simple moving average is $51.01. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.40 and a quick ratio of 2.01.

Institutional Investors Weigh In On Traeger

Several large investors have recently bought and sold shares of COOK. Empowered Funds LLC raised its holdings in shares of Traeger by 9.2% during the fourth quarter. Empowered Funds LLC now owns 227,741 shares of the company’s stock valued at $246,000 after acquiring an additional 19,280 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Traeger by 100.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,000,000 shares of the company’s stock worth $2,160,000 after acquiring an additional 1,000,000 shares during the last quarter. Blair William & Co. IL increased its position in shares of Traeger by 19.9% during the fourth quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock worth $100,000 after purchasing an additional 15,400 shares in the last quarter. FreeGulliver LLC purchased a new stake in shares of Traeger during the fourth quarter worth approximately $248,000. Finally, Goldman Sachs Group Inc. raised its stake in Traeger by 24.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 146,409 shares of the company’s stock valued at $158,000 after purchasing an additional 28,447 shares during the last quarter. 46.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COOK has been the topic of a number of recent analyst reports. Robert W. Baird set a $40.00 price target on Traeger in a research report on Tuesday, May 12th. B. Riley Financial reaffirmed a “neutral” rating and set a $40.00 target price (up from $30.00) on shares of Traeger in a research note on Tuesday, May 12th. Piper Sandler reaffirmed a “neutral” rating and set a $38.00 target price on shares of Traeger in a research note on Tuesday, May 12th. Wall Street Zen upgraded Traeger from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised shares of Traeger from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.08.

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.