Traeger (NYSE:COOK – Get Rating) will release its quarterly earnings data after the market close on Wednesday, March 23rd. Analysts are expecting the company to report earnings per share of ($0.14) for the quarter. Interested parties can register for the company’s conference call via this link.
NYSE:COOK shares opened at $8.64 on Wednesday. Traeger has a 52-week low of $8.18 and a 52-week high of $32.59. The company has a 50-day moving average of $9.74 and a 200-day moving average of $15.36. The company has a current ratio of 1.84, a quick ratio of 0.94 and a debt to equity ratio of 0.59.
Hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its stake in Traeger by 138.1% in the fourth quarter. Citigroup Inc. now owns 6,306 shares of the company’s stock valued at $77,000 after purchasing an additional 3,658 shares last quarter. The Royal Bank of Canada bought a new position in Traeger worth about $134,000 during the third quarter. Two Sigma Investments LP purchased a new position in Traeger for approximately $209,000 during the third quarter. The California State Teachers Retirement System purchased a new position at Traeger for approximately $255,000 during the third quarter. Finally, during the third quarter, American International Group Inc. acquired a new interest in Traeger for approximately $258,000. 45.00% of the shares are owned by institutional investors.
COOK has been the subject of several recent research reports. Credit Suisse Group lowered its price target on Traeger shares to $14.00 from $28.00 in a research note on Wednesday, January 26. Zacks Investment Research upgraded shares of Traeger from a “sell” rating to a “hold” rating in a research note on Tuesday. Piper Sandler lowered its target price on Traeger shares to $25.00 from $30.00 and ranked the company as “overweight” in a research note on Tuesday, November 16. The Telsey Advisory Group lowered its target price on Traeger shares to $28.00 from $30.00 and gave the company a “Outperform” rating in a research note on Tuesday, November 16. Finally, the Royal Bank of Canada lowered its target price on Traeger shares to $27.00 from $29.00 and gave the company a “Outperform” rating in a research note on Wednesday, November 17th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “buy” and an average target price of $26.67.
Traeger company profile (received rating)
Traeger Inc offers wood pellet grills. The company’s pellet grills use wood-fired convection energy, owners can grill, smoke, bake, roast, braise and broil on one cooking system. Traeger Inc is headquartered in Salt Lake City.
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