RBC Capital analyst Nik Modi maintained a Hold rating on Traeger (COOK – Research Report) on November 3 and set a price target of $5.00. The company’s shares closed last Friday at $2.91.
According to TipRanks, Modi is a 5-star analyst with an average return of 6.3% and a 58.40% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Clorox, Boston Beer, and Campbell Soup.
The word on The Street in general, suggests a Hold analyst consensus rating for Traeger with a $4.00 average price target.
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Based on Traeger’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $171.51 million and a GAAP net loss of $30.17 million. In comparison, last year the company earned a revenue of $200.27 million and had a GAAP net loss of $133.13 million
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COOK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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