Shares of Traeger, Inc. (NYSE:COOK – Get Rating) have earned an average rating of "Hold" from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $6.94.
A number of equities research analysts recently issued reports on COOK shares. William Blair downgraded Traeger from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 11th. Robert W. Baird downgraded Traeger from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $7.00 to $4.00 in a research report on Thursday, August 11th. Piper Sandler lowered their price objective on Traeger from $10.00 to $7.00 in a research report on Thursday, May 12th. Royal Bank of Canada lowered their price objective on Traeger from $12.00 to $7.00 and set an "outperform" rating on the stock in a research report on Thursday, August 11th. Finally, Telsey Advisory Group lowered their price target on Traeger from $5.00 to $4.00 and set a "market perform" rating on the stock in a research report on Thursday, August 11th.
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Traeger Price Performance
Traeger stock opened at $3.08 on Friday. Traeger has a one year low of $2.52 and a one year high of $25.95. The business has a fifty day moving average price of $3.52 and a 200-day moving average price of $5.55. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 0.72. The firm has a market capitalization of $364.17 million and a P/E ratio of -1.36.
Traeger (NYSE:COOK – Get Rating) last posted its quarterly earnings results on Wednesday, August 10th. The company reported ($0.06) EPS for the quarter, hitting analysts' consensus estimates of ($0.06). Traeger had a negative return on equity of 14.23% and a negative net
margin of 34.64%. The firm had revenue of $200.27 million during the quarter, compared to analyst estimates of $207.10 million. During the same period last year, the company earned $0.13 earnings per share. The business's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities research analysts forecast that Traeger will post -0.5 EPS for the current year.
Insider Buying and Selling at Traeger
In other news, CFO Dominic Blosil sold 27,476 shares of the firm's stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $3.92, for a total transaction of $107,705.92. Following the transaction, the chief financial officer now directly owns 788,473 shares of the company's stock, valued at $3,090,814.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.70% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Murchinson Ltd. bought a new position in shares of Traeger during the first quarter valued at about $521,000. Waratah Capital Advisors Ltd. grew its stake in shares of Traeger by 12.8% during the first quarter. Waratah Capital Advisors Ltd. now owns 686,245 shares of the company's stock valued at $5,106,000 after buying an additional 78,016 shares during the last quarter. Strs Ohio grew its stake in shares of Traeger by 10,526.3% during the first quarter. Strs Ohio now owns 403,800 shares of the company's stock valued at $3,004,000 after buying an additional 400,000 shares during the last quarter. Blair William & Co. IL bought a new position in shares of Traeger during the fourth quarter valued at about $433,000. Finally, First Eagle Investment Management LLC grew its stake in shares of Traeger by 173.3% in the first quarter. First Eagle Investment Management LLC now owns 181,744 shares of the company's stock worth $1,352,000 after purchasing an additional 115,244 shares during the last quarter. 43.01% of the stock is owned by institutional investors.
Traeger Company Profile
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Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbeque 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.
Further Reading
- Get a free copy of the StockNews.com research report on Traeger (COOK)
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