Brokerages Set Traeger, Inc. (NYSE:COOK) Price Target at $2.09

Shares of Traeger, Inc. (NYSE:COOK) have been given an average rating of “Reduce” by the nine analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $2.0938.

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Traeger in a report on Monday, December 29th. Telsey Advisory Group decreased their price target on Traeger from $1.75 to $1.50 and set a “market perform” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen raised Traeger from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research upgraded Traeger from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd.

Traeger Price Performance

Shares of Traeger stock opened at $0.90 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.96 and a debt-to-equity ratio of 2.15. The stock has a market capitalization of $123.46 million, a price-to-earnings ratio of -1.14 and a beta of 1.38. The company has a 50-day simple moving average of $1.01 and a two-hundred day simple moving average of $1.07. Traeger has a twelve month low of $0.71 and a twelve month high of $2.42.

Institutional Investors Weigh In On Traeger

A number of hedge funds have recently made changes to their positions in the stock. Lido Advisors LLC bought a new stake in Traeger during the 3rd quarter worth approximately $27,000. RFP Financial Group LLC acquired a new position in shares of Traeger during the fourth quarter worth $27,000. Caz Investments LP lifted its holdings in shares of Traeger by 100.0% during the fourth quarter. Caz Investments LP now owns 40,000 shares of the company’s stock worth $43,000 after purchasing an additional 20,000 shares during the period. XTX Topco Ltd bought a new stake in shares of Traeger in the second quarter worth $57,000. Finally, Bank of America Corp DE increased its holdings in Traeger by 36.6% in the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock valued at $80,000 after purchasing an additional 8,933 shares during the period. 46.84% of the stock is currently owned by institutional investors and hedge funds.

Traeger Company Profile

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.