Wall Street Zen Upgrades Traeger (NYSE:COOK) to “Hold”

Traeger (NYSE:COOK) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also weighed in on COOK. B. Riley lowered Traeger from a “buy” rating to a “neutral” rating and decreased their price target for the company from $3.00 to $1.50 in a research report on Wednesday, August 13th. Royal Bank Of Canada reduced their price objective on shares of Traeger from $1.50 to $1.25 and set a “sector perform” rating for the company in a research note on Thursday, August 7th. Telsey Advisory Group dropped their target price on shares of Traeger from $1.75 to $1.50 and set a “market perform” rating on the stock in a research report on Thursday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Traeger in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Traeger presently has a consensus rating of “Reduce” and a consensus target price of $2.09.

Traeger Price Performance

NYSE COOK opened at $0.81 on Friday. Traeger has a 1 year low of $0.77 and a 1 year high of $3.43. The business’s fifty day moving average is $1.15 and its two-hundred day moving average is $1.44. The stock has a market capitalization of $111.41 million, a P/E ratio of -1.03 and a beta of 1.41. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.39 and a current ratio of 2.96.

Traeger (NYSE:COOK) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.14). The company had revenue of $125.40 million for the quarter, compared to the consensus estimate of $111.04 million. Traeger had a negative return on equity of 11.31% and a negative net margin of 18.01%. Traeger has set its FY 2025 guidance at EPS. On average, research analysts forecast that Traeger will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in COOK. Strs Ohio purchased a new stake in Traeger in the 1st quarter worth approximately $672,000. Nuveen LLC purchased a new position in shares of Traeger during the 1st quarter valued at $122,000. Drive Wealth Management LLC acquired a new position in shares of Traeger in the second quarter worth $389,000. GSA Capital Partners LLP raised its holdings in shares of Traeger by 18.1% during the third quarter. GSA Capital Partners LLP now owns 404,840 shares of the company’s stock worth $494,000 after acquiring an additional 62,074 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Traeger during the second quarter worth $57,000. Institutional investors and hedge funds own 46.84% of the company’s stock.

About Traeger

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.