Analysts Set Traeger, Inc. (NYSE:COOK) Price Target at $50.50

by · The Cerbat Gem

Traeger, Inc. (NYSE:COOK – Get Free Report) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $50.50.

Several research firms recently issued reports on COOK. B. Riley Financial reissued a “neutral” rating on shares of Traeger in a report on Friday, August 7th. Telsey Advisory Group lifted their price objective on Traeger from $45.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Traeger in a research report on Friday, September 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a $43.00 target price (up from $37.50) on shares of Traeger in a research note on Friday, August 7th. Finally, Canaccord Genuity Group set a $77.00 target price on Traeger and gave the stock a “buy” rating in a research note on Thursday, August 6th.

Read Our Latest Stock Report on COOK

Traeger Stock Performance

NYSE:COOK opened at $49.22 on Tuesday. The firm’s fifty day moving average price is $60.00 and its 200 day moving average price is $52.20. 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. The firm has a market cap of $137.73 million, a price-to-earnings ratio of -1.17 and a beta of 1.93.

Traeger (NYSE:COOK – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, topping 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 company had revenue of $120.16 million during the quarter, compared to the consensus estimate of $133.20 million. On average, sell-side analysts expect that Traeger will post -0.3 EPS for the current year.

Insiders Place Their Bets

In related news, insider Cole VandenAkker sold 2,750 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $55.30, for a total transaction of $152,075.00. Following the transaction, the insider owned 23,913 shares of the company’s stock, valued at $1,322,388.90. This represents a 10.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Traeger

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MYDA Advisors LLC purchased a new stake in shares of Traeger during the 4th quarter worth $173,000. Williams & Novak LLC increased its holdings in shares of Traeger by 16.9% in the 4th quarter. Williams & Novak LLC now owns 95,000 shares of the company’s stock valued at $103,000 after purchasing an additional 13,700 shares in the last quarter. Caz Investments LP increased its holdings in shares of Traeger by 100.0% in the 4th quarter. Caz Investments LP now owns 40,000 shares of the company’s stock valued at $43,000 after purchasing an additional 20,000 shares in the last quarter. Finally, RFP Financial Group LLC acquired a new stake in shares of Traeger in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 46.84% of the company’s stock.

About Traeger

(Get Free Report)

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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