Traeger (NYSE:COOK) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Traeger (NYSE:COOK - Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02), Zacks reports. Traeger had a negative net margin of 8.53% and a negative return on equity of 10.57%. The company had revenue of $168.64 million for the quarter, compared to the consensus estimate of $164.78 million. Traeger updated its FY 2025 guidance to EPS.

Traeger Trading Up 1.6 %

NYSE COOK traded up $0.03 on Friday, hitting $2.19. 605,040 shares of the stock were exchanged, compared to its average volume of 149,644. The firm has a market capitalization of $286.54 million, a P/E ratio of -5.48 and a beta of 1.32. Traeger has a 52-week low of $1.82 and a 52-week high of $3.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.08 and a current ratio of 2.09. The stock has a fifty day moving average price of $2.39 and a two-hundred day moving average price of $2.95.

Analyst Ratings Changes

COOK has been the topic of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Traeger from $3.50 to $2.50 and set a "neutral" rating on the stock in a research report on Friday. Canaccord Genuity Group reduced their price objective on shares of Traeger from $7.00 to $5.00 and set a "buy" rating on the stock in a research report on Friday. Morgan Stanley reduced their price objective on shares of Traeger from $3.00 to $2.50 and set an "underweight" rating on the stock in a research report on Friday. Piper Sandler reduced their price objective on shares of Traeger from $3.75 to $2.50 and set a "neutral" rating on the stock in a research report on Friday. Finally, Royal Bank of Canada reduced their price objective on shares of Traeger from $2.75 to $2.00 and set a "sector perform" rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $2.83.

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Institutional Trading of Traeger

An institutional investor recently raised its position in Traeger stock. Bank of America Corp DE grew its stake in shares of Traeger, Inc. (NYSE:COOK - Free Report) by 36.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,314 shares of the company's stock after purchasing an additional 8,933 shares during the quarter. Bank of America Corp DE's holdings in Traeger were worth $80,000 at the end of the most recent quarter. 46.84% of the stock is currently owned by institutional investors.

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.