Traeger, Inc. (NYSE:COOK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Traeger, Inc. (NYSE:COOK) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $4.47.

A number of research analysts have weighed in on the company. Telsey Advisory Group restated an “outperform” rating and issued a $4.50 price objective (down previously from $5.00) on shares of Traeger in a report on Monday, March 4th. Canaccord Genuity Group decreased their target price on shares of Traeger from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th.

Institutional Trading of Traeger

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its holdings in shares of Traeger by 5.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 121,540 shares of the company’s stock worth $332,000 after acquiring an additional 5,752 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Traeger in the fourth quarter valued at approximately $28,000. Blair William & Co. IL lifted its stake in Traeger by 11.6% during the third quarter. Blair William & Co. IL now owns 98,447 shares of the company’s stock worth $269,000 after purchasing an additional 10,260 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Traeger by 96.3% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 28,643 shares of the company’s stock valued at $78,000 after buying an additional 14,054 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Traeger in the 3rd quarter valued at $45,000. 46.84% of the stock is currently owned by hedge funds and other institutional investors.

Traeger Trading Up 3.1 %

Shares of Traeger stock opened at $2.14 on Wednesday. The company has a market cap of $273.15 million, a P/E ratio of -3.88 and a beta of 1.04. The firm has a 50-day simple moving average of $2.26 and a two-hundred day simple moving average of $2.40. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.90 and a current ratio of 1.62. Traeger has a fifty-two week low of $1.97 and a fifty-two week high of $6.70.

Traeger (NYSE:COOK) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.04). Traeger had a negative net margin of 11.26% and a negative return on equity of 20.91%. The company had revenue of $163.48 million for the quarter, compared to analysts’ expectations of $153.10 million. As a group, equities analysts predict that Traeger will post -0.15 earnings per share for the current fiscal year.

Traeger Company Profile

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.