Traeger (NYSE:COOK) Earns “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Traeger (NYSE:COOK) in a report issued on Friday, Benzinga reports. The firm currently has a $4.50 price target on the stock.

Separately, Canaccord Genuity Group dropped their target price on shares of Traeger from $5.00 to $4.00 and set a buy rating on the stock in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Traeger has a consensus rating of Moderate Buy and a consensus price target of $4.47.

Traeger Stock Performance

Shares of NYSE:COOK opened at $2.24 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.90 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $287.03 million, a price-to-earnings ratio of -4.07 and a beta of 1.07. The firm’s 50-day moving average is $2.27 and its 200 day moving average is $2.37. Traeger has a 12 month low of $1.97 and a 12 month high of $6.70.

Traeger (NYSE:COOK) last issued its earnings results on Thursday, March 7th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). The company had revenue of $163.48 million during the quarter, compared to the consensus estimate of $153.10 million. Traeger had a negative return on equity of 20.91% and a negative net margin of 11.26%. Research analysts predict that Traeger will post -0.15 EPS for the current year.

Hedge Funds Weigh In On Traeger

A number of hedge funds and other institutional investors have recently modified their holdings of COOK. Victory Capital Management Inc. bought a new position in shares of Traeger during the fourth quarter valued at approximately $28,000. SG Americas Securities LLC bought a new position in shares of Traeger during the third quarter valued at approximately $45,000. Quantbot Technologies LP bought a new position in shares of Traeger during the third quarter valued at approximately $55,000. Norden Group LLC purchased a new stake in Traeger during the first quarter valued at approximately $59,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Traeger by 96.3% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 28,643 shares of the company’s stock valued at $78,000 after acquiring an additional 14,054 shares in the last quarter. 46.84% of the stock is currently owned by institutional investors.

About Traeger

Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbecue 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.