Should I buy or sell Traeger stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Traeger in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" COOK shares. View COOK analyst ratings or view top-rated stocks .

What is Traeger's stock price target for 2024?

6 equities research analysts have issued twelve-month target prices for Traeger's stock. Their COOK share price targets range from $2.80 to $7.00. On average, they predict the company's stock price to reach $4.47 in the next twelve months. This suggests a possible upside of 111.7% from the stock's current price. View analysts price targets for COOK or view top-rated stocks among Wall Street analysts .

How have COOK shares performed in 2024?

Traeger's stock was trading at $2.73 at the beginning of 2024. Since then, COOK stock has decreased by 22.7% and is now trading at $2.11. View the best growth stocks for 2024 here .

Are investors shorting Traeger?

Traeger saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 1,950,000 shares, a decline of 5.3% from the February 29th total of 2,060,000 shares. Based on an average daily volume of 344,400 shares, the days-to-cover ratio is presently 5.7 days. Approximately 3.5% of the company's stock are sold short. View Traeger's Short Interest .

When is Traeger's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our COOK earnings forecast .

How were Traeger's earnings last quarter?

Traeger, Inc. (NYSE:COOK) issued its quarterly earnings data on Thursday, March, 7th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by $0.04. The business had revenue of $163.48 million for the quarter, compared to the consensus estimate of $153.10 million. Traeger had a negative net margin of 11.26% and a negative trailing twelve-month return on equity of 20.91%.

What guidance has Traeger issued on next quarter's earnings?

Traeger issued an update on its first quarter 2024 earnings guidance on Thursday, March, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $140.0 million-$145.0 million, compared to the consensus revenue estimate of $157.6 million.

When did Traeger IPO?

Traeger (COOK) raised $400 million in an IPO on Thursday, July 29th 2021. The company issued 23,529,411 shares at $16.00-$18.00 per share.

Who are Traeger's major shareholders?

Traeger's stock is owned by a variety of retail and institutional investors. Top institutional investors include Norden Group LLC (0.04%). Insiders that own company stock include Dominic Blosil, James H Hardy Jr and Jeremy Andrus. View institutional ownership trends .

How do I buy shares of Traeger?

Shares of COOK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:COOK

Traeger (COOK) Stock Price, News & Analysis

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Free COOK Stock Alerts

$2.11

+0.02 (+0.96%)

(As of 04/19/2024 ET)

Compare

Today's Range: $2.04
▼
$2.11
50-Day Range: $2.03
▼
$2.59
52-Week Range: $1.97
▼
$6.70

Volume: 244,054 shs
Average Volume: 324,093 shs
Market Capitalization: $269.95 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.47

Get Traeger alerts:

Traeger MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 111.7% Upside
$4.47 Price Target
Short Interest: Bearish
3.52% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.32
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.15) to ($0.13) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.40 out of 5 stars

Consumer Discretionary Sector

222nd out of 262 stocks

Household Appliances Industry

5th out of 5 stocks

3.3

Analyst's Opinion

Consensus Rating
Traeger has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 1 hold rating, and 1 sell rating.
Amount of Analyst Coverage
Traeger has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.52% of the float of Traeger has been sold short.
Short Interest Ratio / Days to Cover
Traeger has a short interest ratio ("days to cover") of 5.8.
Change versus previous month
Short interest in Traeger has recently increased by 0.51%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Traeger does not currently pay a dividend.
Dividend Growth
Traeger does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for COOK.

1.3

News and Social Media Coverage

News Sentiment
Traeger has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Traeger this week, compared to 4 articles on an average week.
Search Interest
Only 3 people have searched for COOK on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Traeger insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.80% of the stock of Traeger is held by insiders.
Percentage Held by Institutions
46.84% of the stock of Traeger is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Traeger are expected to grow in the coming year, from ($0.15) to ($0.13) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Traeger is -3.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Traeger is -3.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Traeger has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Traeger Stock (NYSE:COOK)

Traeger, Inc., together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbecue 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. The company also produces a library of digital content, including instructional recipes and videos that demonstrate tips, tricks, and cooking techniques that empower Traeger owners to progress their cooking skills; and short- and long-form branded content highlighting stories, community members, and lifestyle content from the Traegerhood. In addition, it provides wood pellets that are used to fire the grills; rubs, spices, and sauces; accessories, such as pop-and-lock accessory rail covers, drip trays, bucket liners, storage bins, and shelves; tools to aid in meal prep, cooking, and cleanup, including pellet storage systems, cleaning solutions, barbecue tools, and MEATER smart thermometer; replacement parts; and apparel and merchandise, including t-shirts, hooded sweatshirts, and baseball hats. Traeger, Inc. was founded in 1987 and is headquartered in Salt Lake City, Utah.

COOK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

COOK Stock News Headlines

April 17, 2024 | msn.com

18 Salmon Recipes To Spice Up Your Weeknight Dinners!

April 16, 2024 | seekingalpha.com

Traeger: Waiting For Things To Heat Up (Rating Downgrade)

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 12, 2024 | finance.yahoo.com

Global Barbeque Grill Market Size To Exceed USD 8.15 Billion By 2033 | CAGR Of 4.8%

April 4, 2024 | dallasnews.com

With the right grill, you can make the most of your patio this spring and summer

April 2, 2024 | msn.com

What to Cook: April

April 1, 2024 | msn.com

Pulled Pork Madness names a winner

April 1, 2024 | msn.com

Mister Brisket celebrates 50 years supplying best beef, and more, to Northeast Ohio

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 29, 2024 | yahoo.com

The Best Innovations and New Releases We Saw in March

March 27, 2024 | nj.com

The best pellet grills to buy in 2024, according to reviews

March 25, 2024 | msn.com

Traeger Smoked Spatchcock Chicken

March 25, 2024 | msn.com

Traeger Smoked Stuffing Recipe

March 21, 2024 | msn.com

Coleman, Weber, and Traeger Grills Are Practically Half Off at Amazon’s Big Spring Sale

March 20, 2024 | msn.com

Home Run Heat: Traeger, Louisville Slugger Launch Pellets Made From Repurposed Baseball Bat Wood

March 19, 2024 | markets.businessinsider.com

Traeger’s Stock Poised for Growth: CEO’s Confidence and Attractive Valuation Underpin Buy Rating

March 17, 2024 | msn.com

Great American Cook-Off to benefit Boys & Girls Club of Valdosta

March 17, 2024 | finance.yahoo.com

Traeger Chairman of the Board & CEO Acquires 7.5% More Stock

March 14, 2024 | msn.com

17 Lip-Smacking Recipes For A Lively Easter Brunch

March 13, 2024 | ca.style.yahoo.com

Smoked Ice Cubes Are The Subtle Way To Add Bold Flavor To Your Drinks

March 10, 2024 | finance.yahoo.com

Traeger, Inc. (NYSE:COOK) Just Reported, And Analysts Assigned A US$3.29 Price Target

March 9, 2024 | seekingalpha.com

Traeger, Inc. (COOK) Q4 2023 Earnings Call Transcript

March 9, 2024 | marketwatch.com

Traeger Stock Drops 18% After CEO Warns of Soft Demand for Grills

March 9, 2024 | finance.yahoo.com

Traeger Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

March 8, 2024 | finance.yahoo.com

Traeger earnings: CEO talks headwinds facing grilling industry

March 8, 2024 | finance.yahoo.com

Traeger, Inc. (NYSE:COOK) Q4 2023 Earnings Call Transcript

March 8, 2024 | ca.finance.yahoo.com

Q4 2023 Traeger Inc Earnings Call

See More Headlines

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Company Calendar

Last Earnings: 3/07/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Discretionary
Industry: Household appliances
Sub-Industry: N/A
Current Symbol: NYSE:COOK
CUSIP: N/A
CIK: 1857853
Web: www.traegergrills.com
Phone: 801-701-7180
Fax: N/A
Employees: 640
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.47
High Stock Price Target: $7.00
Low Stock Price Target: $2.80
Potential Upside/Downside: +111.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.55)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-84,400,000.00
Net Margins: -11.26%
Pretax Margin: -13.60%
Return on Equity: -20.91%
Return on Assets: -7.50%

Debt

Debt-to-Equity Ratio: 1.36
Current Ratio: 1.62
Quick Ratio: 0.90

Sales & Book Value

Annual Sales: $605.88 million
Price / Sales: 0.45
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.32 per share
Price / Book: 0.91

Miscellaneous

Outstanding Shares: 127,940,000
Free Float: 115,403,000
Market Cap: $269.95 million
Optionable: Optionable
Beta: 1.04

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Key Executives

Mr. Jeremy Andrus (Age 52)
Chairman of the Board & CEO
Comp: $12.2k
Mr. Dominic Blosil (Age 42)
Chief Financial Officer
Comp: $463.4k
Mr. James H. Hardy Jr. (Age 64)
President of Meater
Comp: $437.28k
Mr. Nicholas P. Bacchus
Vice President of Investor Relations
Thomas Burton
General Counsel
Mr. Cole Vanden Akker
Chief Sales Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

COOK Stock Analysis - Frequently Asked Questions

Should I buy or sell Traeger stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Traeger in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" COOK shares.
View COOK analyst ratings or view top-rated stocks.
What is Traeger's stock price target for 2024?: 6 equities research analysts have issued twelve-month target prices for Traeger's stock. Their COOK share price targets range from $2.80 to $7.00. On average, they predict the company's stock price to reach $4.47 in the next twelve months. This suggests a possible upside of 111.7% from the stock's current price.
View analysts price targets for COOK or view top-rated stocks among Wall Street analysts.
How have COOK shares performed in 2024?: Traeger's stock was trading at $2.73 at the beginning of 2024. Since then, COOK stock has decreased by 22.7% and is now trading at $2.11.
View the best growth stocks for 2024 here.
Are investors shorting Traeger?: Traeger saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 1,950,000 shares, a decline of 5.3% from the February 29th total of 2,060,000 shares. Based on an average daily volume of 344,400 shares, the days-to-cover ratio is presently 5.7 days. Approximately 3.5% of the company's stock are sold short.
View Traeger's Short Interest.
When is Traeger's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our COOK earnings forecast.
How were Traeger's earnings last quarter?: Traeger, Inc. (NYSE:COOK) issued its quarterly earnings data on Thursday, March, 7th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by $0.04. The business had revenue of $163.48 million for the quarter, compared to the consensus estimate of $153.10 million. Traeger had a negative net margin of 11.26% and a negative trailing twelve-month return on equity of 20.91%.

What guidance has Traeger issued on next quarter's earnings?: Traeger issued an update on its first quarter 2024 earnings guidance on Thursday, March, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $140.0 million-$145.0 million, compared to the consensus revenue estimate of $157.6 million.
When did Traeger IPO?: Traeger (COOK) raised $400 million in an IPO on Thursday, July 29th 2021. The company issued 23,529,411 shares at $16.00-$18.00 per share.
Who are Traeger's major shareholders?: Traeger's stock is owned by a variety of retail and institutional investors. Top institutional investors include Norden Group LLC (0.04%). Insiders that own company stock include Dominic Blosil, James H Hardy Jr and Jeremy Andrus.
View institutional ownership trends.
How do I buy shares of Traeger?: Shares of COOK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:COOK) was last updated on 4/19/2024 by MarketBeat.com Staff

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