Traeger (NYSE:COOK) Issues Earnings Results

Traeger (NYSE:COOK) posted its quarterly earnings data on Monday. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of ($3.36) by $4.85, FiscalAI reports. Traeger had a negative net margin of 20.59% and a negative return on equity of 12.01%. The firm had revenue of $94.07 million for the quarter, compared to the consensus estimate of $95.05 million.

Here are the key takeaways from Traeger’s conference call:

• Traeger recognized a $12.4 million IEPA tariff refund in Q1 and raised full?year adjusted EBITDA guidance to $57–$67 million while keeping revenue guidance unchanged.
• Project Gravity is delivering tangible results — including a $15 million year?over?year operating expense reduction, a 31% year?over?year inventory decline, and $14.5 million of free cash flow — and is expected to yield roughly $64–$70 million of run?rate value.
• Underlying demand/financials remain pressured as Q1 revenue declined 34% YoY to $94 million, adjusted EBITDA fell to $17 million (including the tariff benefit), and gross margin excluding the refund was down ~890 basis points.
• Early traction for new, lower?entry products — the Westwood grill lineup and Irontop griddles — shows strong reviewer ratings and could expand household reach and more frequent usage occasions.
• Management reiterated ongoing risks from competitive pressure on MEATER, rising transportation costs and tariff uncertainty, and noted the $15.6 million IEPA receivable has not yet converted to cash, limiting immediate liquidity benefit.

Traeger Stock Performance

Shares of NYSE COOK traded down $2.20 during trading on Monday, reaching $41.63. The stock had a trading volume of 8,085 shares, compared to its average volume of 11,661. Traeger has a one year low of $20.91 and a one year high of $110.50. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.45 and a current ratio of 2.68. The stock has a market cap of $115.31 million, a PE ratio of -0.96 and a beta of 1.78. The firm’s 50 day moving average price is $35.00 and its two-hundred day moving average price is $43.43.

Analysts Set New Price Targets

Several analysts recently weighed in on COOK shares. Canaccord Genuity Group lowered their price objective on Traeger from $100.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. B. Riley Financial reissued a “neutral” rating and issued a $40.00 price objective (down from $50.00) on shares of Traeger in a report on Friday, March 6th. Piper Sandler decreased their target price on Traeger from $75.00 to $37.50 and set a “neutral” rating for the company in a research report on Friday, March 6th. Zacks Research upgraded Traeger from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, Telsey Advisory Group lowered their price target on Traeger from $75.00 to $50.00 and set a “market perform” rating for the company in a report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $53.00.

Hedge Funds Weigh In On Traeger

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in shares of Traeger by 36.6% during the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock valued at $80,000 after purchasing an additional 8,933 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Traeger by 9.3% during the first quarter. Empowered Funds LLC now owns 167,696 shares of the company’s stock valued at $282,000 after purchasing an additional 14,271 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Traeger by 19.9% during the fourth quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock valued at $100,000 after purchasing an additional 15,400 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Traeger by 2.5% during the second quarter. Bridgeway Capital Management LLC now owns 681,747 shares of the company’s stock valued at $1,166,000 after purchasing an additional 16,751 shares during the last quarter. Finally, Lido Advisors LLC bought a new position in shares of Traeger during the third quarter valued at approximately $27,000. 46.84% of the stock is owned by institutional investors.

Traeger Company Profile

Traeger, trading on the NYSE under the ticker COOK, is a designer, manufacturer and marketer of wood pellet grills and outdoor cooking appliances. The company’s core product lineup features a range of hardwood-pellet grills that combine wood-fired flavor with digital temperature control. Beyond grills, Traeger offers a suite of accessories—such as grill covers, smoking woods, meat probes and recipe rubs—as well as outdoor kitchen solutions designed to serve both consumer and light-commercial segments.

Founded in 1985 by Joe Traeger, the brand pioneered the wood-pellet grilling category.