The price of Traeger Inc (NYSE:COOK) shares last traded on Wall Street rose 1.33% to $2.29.
Based on available information, 9 analysts follow Traeger Inc (NYSE:COOK). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $2.80, we find $4.25. Given the previous closing price of $2.26, this indicates a potential upside of 88.05 percent. COOK stock price is now -18.31% away from the 50-day moving average and -37.61% away from the 200-day moving average. The market capitalization of the company currently stands at $288.10M.
Among analysts, 5 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $4.16 as their price target over the next twelve months.
With the price target maintained at $3, Morgan Stanley recently Downgraded its rating from Equal-Weight to Underweight for Traeger Inc (NYSE: COOK).
In other news, Blosil Dominic, Chief Financial Officer sold 7,656 shares of the company’s stock on Sep 11. The stock was sold for $30,731 at an average price of $4.01. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,375,865 shares in the company, valued at $3.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11, Chief Operating Officer HARDY JAMES H JR sold 6,293 shares of the business’s stock. A total of $25,260 was realized by selling the stock at an average price of $4.01. This leaves the insider owning 914,668 shares of the company worth $2.09 million. Insiders disposed of 126,601 shares of company stock worth roughly $0.29 million over the past 1 year. A total of 40.84% of the company’s stock is owned by insiders.
A candlestick chart of Traeger Inc (NYSE: COOK) showed a price of $2.3100 on Wednesday morning. During the past 12 months, Traeger Inc has had a low of $2.05 and a high of $6.70. As of last week, the company has a debt-to-equity ratio of 1.39, a current ratio of 1.84, and a quick ratio of 0.90. The fifty day moving average price for COOK is $2.8032 and a two-hundred day moving average price translates $3.6704 for the stock.
The latest earnings results from Traeger Inc (NYSE: COOK) was released for Sep, 2023. According to the Furnishings, Fixtures & Appliances Company, earnings per share came in at -$0.12, inline with analysts’ expectations of -$0.12. This compares to -$1.76 EPS in the same period last year. The net profit margin was -15.70% and return on equity was -27.00% for COOK. The company reported revenue of $117.73 million for the quarter, compared to $93.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.53 percent. For the current quarter, analysts expect COOK to generate $154.38M in revenue.
Traeger Inc(COOK) 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. The company also produces a library of digital content, including instructional recipes and videos that demonstrate tips, tricks, and cooking techniques that empower Traeger owners to progress their cooking skills; and short- and long-form branded content highlighting stories, community members, and lifestyle content from the Traegerhood. In addition, it provides wood pellets that are used to fire the grills; rubs, spices, and sauces, as well as frozen meal kits; covers, drip trays, bucket liners, and shelves; tools to aid in meal prep, cooking, and cleanup, including pellet storage systems, cleaning solutions, barbecue tools, and MEATER smart thermometer; replacement parts; and apparel and merchandise, including t-shirts, hooded sweatshirts, and baseball hats. The company was incorporated in 2017 and is headquartered in Salt Lake City, Utah.
