In a report released on November 9, Nik Modi from RBC Capital maintained a Hold rating on Traeger (COOK – Research Report), with a price target of $3.50. The company’s shares closed yesterday at $2.07.
Modi covers the Consumer Defensive sector, focusing on stocks such as Clorox, B&G Foods, and Boston Beer. According to TipRanks, Modi has an average return of 6.7% and a 59.80% success rate on recommended stocks.
Traeger has an analyst consensus of Moderate Buy, with a price target consensus of $4.42, which is an 113.53% upside from current levels. In a report released on November 9, Piper Sandler also maintained a Hold rating on the stock with a $5.00 price target.
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The company has a one-year high of $6.70 and a one-year low of $2.27. Currently, Traeger has an average volume of 457K.
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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