Traeger (COOK) Projected to Post Earnings on Thursday

Traeger (NYSE:COOK) will likely be releasing its earnings data after the market closes on Thursday, March 6th. Analysts expect Traeger to post earnings of $0.01 per share and revenue of $164.78 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Traeger Stock Up 0.7 %

Shares of NYSE COOK opened at $2.29 on Wednesday. The stock has a market cap of $298.43 million, a PE ratio of -5.71 and a beta of 1.32. The company has a quick ratio of 1.08, a current ratio of 2.09 and a debt-to-equity ratio of 1.42. Traeger has a 52-week low of $1.97 and a 52-week high of $3.97. The business has a 50-day moving average price of $2.40 and a 200 day moving average price of $2.96.

Hedge Funds Weigh In On Traeger

A hedge fund recently raised its stake in Traeger stock. Bank of America Corp DE boosted its position in Traeger, Inc. (NYSE:COOK) by 36.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,314 shares of the company’s stock after purchasing an additional 8,933 shares during the period. Bank of America Corp DE’s holdings in Traeger were worth $80,000 as of its most recent SEC filing. 46.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on COOK. Canaccord Genuity Group upped their price objective on Traeger from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on Traeger from $2.50 to $2.75 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Piper Sandler upped their price objective on Traeger from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $4.00 price objective on shares of Traeger in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.10.

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.