Brokerages Set Traeger, Inc. (NYSE:COOK) Price Target at $1.16

Traeger, Inc. (NYSE:COOK) has been assigned an average rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $58.00.

A number of research firms recently commented on COOK. Telsey Advisory Group reduced their price target on Traeger from $75.00 to $50.00 and set a “market perform” rating for the company in a report on Friday, March 6th. Zacks Research upgraded Traeger from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Wall Street Zen cut Traeger from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. B. Riley Financial reiterated a “neutral” rating and set a $40.00 target price (down from $50.00) on shares of Traeger in a research note on Friday, March 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Traeger in a report on Monday, December 29th.

Traeger Stock Performance

NYSE COOK opened at $29.85 on Tuesday. The firm has a market capitalization of $81.78 million, a P/E ratio of -0.69 and a beta of 1.41. The company has a current ratio of 2.68, a quick ratio of 1.45 and a debt-to-equity ratio of 2.34. The firm’s fifty day moving average price is $44.57 and its two-hundred day moving average price is $49.85. Traeger has a 1 year low of $24.15 and a 1 year high of $110.50.

Traeger (NYSE:COOK) last announced its quarterly earnings data on Friday, March 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.99). The firm had revenue of $145.36 million during the quarter, compared to the consensus estimate of $135.05 million. Traeger had a negative net margin of 20.59% and a negative return on equity of 12.01%. As a group, research analysts anticipate that Traeger will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Traeger

Several institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC raised its position in shares of Traeger by 9.2% in the fourth quarter. Empowered Funds LLC now owns 227,741 shares of the company’s stock valued at $246,000 after purchasing an additional 19,280 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of Traeger by 100.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,000,000 shares of the company’s stock worth $2,160,000 after buying an additional 1,000,000 shares during the period. Blair William & Co. IL boosted its holdings in shares of Traeger by 19.9% during the 4th quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock worth $100,000 after buying an additional 15,400 shares during the period. RFP Financial Group LLC acquired a new position in Traeger in the 4th quarter valued at about $27,000. Finally, MYDA Advisors LLC acquired a new position in Traeger in the 4th quarter valued at about $173,000. 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.