Telsey Advisory analyst Joe Feldman maintained a Buy rating on Traeger (COOK – Research Report) today. The company’s shares closed yesterday at $2.16.
Feldman covers the Consumer Cyclical sector, focusing on stocks such as Costco, Best Buy Co, and Home Depot. According to TipRanks, Feldman has an average return of 9.0% and a 58.33% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Traeger with a $10.68 average price target.
COOK market cap is currently $270M and has a P/E ratio of -3.09.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COOK in relation to earlier this year.
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Traeger (COOK) Company Description:
Traeger Inc designs, sources, sells and supports wood pellet fueled barbeque grills sold to retailers, distributors, and direct to consumers. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grill accessories including covers, barbeque tools, trays, liners, and merchandise. Its sales are generated majorly from the United States and it develops distribution in Canada and Europe.
