Traeger (COOK) to Release Earnings on Thursday

Traeger (NYSE:COOK) is expected to announce its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $164.78 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Traeger Stock Down 1.3 %

Shares of NYSE COOK opened at $2.29 on Tuesday. The stock has a market cap of $299.08 million, a P/E ratio of -5.72 and a beta of 1.32. The business’s fifty day simple moving average is $2.40 and its 200-day simple moving average is $2.96. Traeger has a 12-month low of $1.97 and a 12-month high of $3.97. The company has a current ratio of 2.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.42.

Analysts Set New Price Targets

COOK has been the topic of a number of analyst reports. Royal Bank of Canada increased their price target on Traeger from $2.50 to $2.75 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $4.00 target price on shares of Traeger in a report on Friday. Canaccord Genuity Group lifted their price target on shares of Traeger from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Piper Sandler increased their price objective on shares of Traeger from $3.50 to $3.75 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.10.

Institutional Investors Weigh In On Traeger

An institutional investor recently raised its position in Traeger stock. Bank of America Corp DE raised its position in Traeger, Inc. (NYSE:COOK) by 36.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,314 shares of the company’s stock after buying an additional 8,933 shares during the quarter. Bank of America Corp DE’s holdings in Traeger were worth $80,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 46.84% of the company’s stock.

Traeger Company Profile

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.