Traeger (COOK) is scheduled to release quarterly results on Wednesday

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.

(Advertisement)

Investors bet heavily on a biotech company behind a shocking breakthrough medical discovery…

And you may only have one opportunity in life to invest in something this big this early…

Want the name and ticker symbol?

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.

Featured Stories

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected]

Should You Invest $1,000 in Traeger Now?

Hear this before you consider Traeger.

MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Traeger wasn’t on the list.

While Traeger is currently rated a Buy by analysts, top analysts believe these five stocks are better buys.

Check out the 5 stocks here

About Stephanie McGehee

Check Also

Flooding rocks the Yellowstone region, leaving many stranded

Breadcrumb Trail Links PMN business Author of the article: The Associated Press Amy Beth Hanson …