Traeger (COOK) Expected to Announce Quarterly Earnings on Thursday

Traeger (NYSE:COOK) is expected to be posting its quarterly earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $164.78 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Traeger Stock Performance

Traeger stock opened at $2.30 on Thursday. The stock has a fifty day moving average price of $2.42 and a 200 day moving average price of $2.97. The company has a current ratio of 2.09, a quick ratio of 1.08 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 firm has a market capitalization of $299.73 million, a P/E ratio of -5.74 and a beta of 1.32.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Piper Sandler boosted their price objective on Traeger from $3.50 to $3.75 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Canaccord Genuity Group raised their price objective on shares of Traeger from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Telsey Advisory Group reissued an “outperform” rating and set a $4.00 price target on shares of Traeger in a research report on Thursday, November 7th. Finally, Royal Bank of Canada raised their target price on shares of Traeger from $2.50 to $2.75 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Traeger currently has an average rating of “Hold” and a consensus price target of $4.10.

Hedge Funds Weigh In On Traeger

An institutional investor recently raised its position in Traeger stock. Bank of America Corp DE boosted its holdings in shares of Traeger, Inc. (NYSE:COOK) by 36.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,314 shares of the company’s stock after acquiring an additional 8,933 shares during the quarter. Bank of America Corp DE’s holdings in Traeger were worth $80,000 at the end of the most recent reporting period. Institutional investors own 46.84% of the company’s stock.

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.