Brokerages Set Traeger, Inc. (NYSE:COOK) Target Price at $53.00

Shares of Traeger, Inc. (NYSE:COOK) have been given a consensus rating of “Hold” by the seven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $53.00.

Several equities research analysts have commented on COOK shares. B. Riley Financial reaffirmed a “neutral” rating and issued a $40.00 target price (down from $50.00) on shares of Traeger in a research note on Friday, March 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Traeger in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Traeger from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Piper Sandler cut their price target on shares of Traeger from $75.00 to $37.50 and set a “neutral” rating for the company in a research note on Friday, March 6th. Finally, Canaccord Genuity Group cut their price target on shares of Traeger from $100.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th.

Traeger Trading Up 1.0%

COOK opened at $32.49 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.68 and a quick ratio of 1.45. The company has a market cap of $89.03 million, a price-to-earnings ratio of -0.75 and a beta of 1.52. The firm has a 50 day simple moving average of $36.52 and a 200 day simple moving average of $45.24. Traeger has a fifty-two week low of $20.91 and a fifty-two week high of $110.50.

Hedge Funds Weigh In On Traeger

Hedge funds have recently bought and sold shares of the business. Artisan Partners Limited Partnership bought a new position in Traeger during the third quarter worth about $1,220,000. GSA Capital Partners LLP increased its position in 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 during the period. Drive Wealth Management LLC increased its holdings in Traeger by 107.4% in the 3rd quarter. Drive Wealth Management LLC now owns 472,150 shares of the company’s stock valued at $576,000 after buying an additional 244,493 shares during the period. Williams & Novak LLC increased its holdings in Traeger by 46.3% in the 3rd quarter. Williams & Novak LLC now owns 81,300 shares of the company’s stock valued at $99,000 after buying an additional 25,730 shares during the period. Finally, Fortitude Financial LLC bought a new position in Traeger in the 2nd quarter valued at about $422,000. 46.84% of the stock is owned by institutional investors.

About Traeger

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.