Traeger (COOK) Set to Announce Quarterly Earnings on Wednesday

Traeger (NYSE:COOK – Get Rating) will be issuing its quarterly earnings data after the market closes on Wednesday, May 11th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Traeger has set its FY 2022 guidance at EPS and its Q1 2022 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Traeger (NYSE:COOK – Get Rating) last posted its earnings results on Wednesday, March 23rd. The company reported ($0.14) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.14). Traeger had a negative return on equity of 4.89% and a negative net margin of 11.31%. The business had revenue of $174.93 million for the quarter, compared to analyst estimates of $156.80 million. Traeger’s revenue was up 30.8% compared to the same quarter last year. On average, analysts expect Traeger to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Traeger stock opened at $6.23 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.62 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $8.02 and a two-hundred day simple moving average of $11.62. Traeger has a 1 year low of $5.89 and a 1 year high of $32.59.

A number of research firms have recently issued reports on COOK. Stifel Nicolaus cut shares of Traeger from a “buy” rating to a “hold” rating and cut their target price for the stock from $26.00 to $7.50 in a research note on Thursday, March 24th. Zacks Investment Research cut Traeger from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Jefferies Financial Group lowered Traeger from a “buy” rating to a “hold” rating and lowered their target price for the stock from $25.00 to $7.00 in a research note on Thursday, March 24th. Credit Suisse Group reduced their price target on Traeger from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, March 24th. Finally, Telsey Advisory Group decreased their price objective on Traeger from $28.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, March 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Traeger has a consensus rating of “Buy” and an average price target of $14.83.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. increased its stake in Traeger by 138.1% in the fourth quarter. Citigroup Inc. now owns 6,306 shares of the company’s stock valued at $77,000 after acquiring an additional 3,658 shares during the last quarter. Royal Bank of Canada bought a new position in shares of Traeger in the 3rd quarter valued at $134,000. The Manufacturers Life Insurance Company raised its holdings in shares of Traeger by 17.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 13,733 shares of the company’s stock worth $167,000 after buying an additional 2,067 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Traeger during the 3rd quarter worth $209,000. Finally, Norges Bank acquired a new stake in Traeger in the fourth quarter valued at about $214,000. 59.28% of the stock is owned by institutional investors and hedge funds.

Traeger Company Profile (Get Rating)

Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbeque grills for retailers, distributors, and direct to consumers in the United States. Its wood pellet grills are internet of things devices that allow owners to program, monitor, and control their grill through its Traeger app.

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