Piper Sandler analyst Peter Keith maintained a Hold rating on Traeger (COOK – Research Report) today and set a price target of $5.00. The company’s shares opened today at $3.00.
Keith covers the Consumer Cyclical sector, focusing on stocks such as Arhaus, Dollar General, and Dollar Tree. According to TipRanks, Keith has an average return of 9.0% and a 47.54% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Traeger with a $4.30 average price target, a 43.33% upside from current levels. In a report released today, Robert W. Baird also maintained a Hold rating on the stock with a $3.50 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.
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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.
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