Traeger, Inc.

Traeger, Inc. Stock Forecast & Price Prediction

Live Traeger, Inc. Stock (COOK) Price
$3.15

10

Ratings

  • Buy 4
  • Hold 5
  • Sell 1
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$3.15

P/E Ratio

-4.63

Volume Traded Today

$203,400

Dividend

Dividends not available for COOK

52 Week High/low

3.97/1.97

Traeger, Inc. Market Cap

$385.3M

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COOK Summary

From what 10 stock analysts predict, the share price for Traeger, Inc. (COOK) might increase by 22.57% in the next year. This is based on a 12-month average estimation for COOK. Price targets go from $2.75 to $7. The majority of stock analysts believe COOK is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

COOK Analyst Ratings

About 10 Wall Street analysts have assignedCOOK 4 buy ratings, 5 hold ratings, and 1 sell ratings. This means that analysts expect Traeger, Inc. to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on COOK. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

COOK stock forecast by analyst

These are the latest 20 analyst ratings of COOK.

Analyst/Firm

Rating

Price Target

Change

Date

Brian McNamara
Canaccord Genuity

Buy

$7

Maintains

Nov 7, 2024
Joseph Feldman
Telsey Advisory Group

Outperform

$4

Maintains

Nov 7, 2024
Nik Modi
RBC Capital

Sector Perform

$2.75

Maintains

Nov 7, 2024
Peter Keith
Piper Sandler

Neutral

$3.75

Maintains

Nov 7, 2024
Joseph Feldman
Telsey Advisory Group

Outperform

$4

Maintains

Oct 30, 2024
Nik Modi
RBC Capital

Sector Perform

$2.5

Maintains

Aug 8, 2024
Peter Benedict
Baird

Neutral

$3

Maintains

Aug 7, 2024
Joseph Feldman
Telsey Advisory Group

Outperform

$4

Maintains

Aug 7, 2024
Joseph Feldman
Telsey Advisory Group

Outperform

$4

Maintains

Aug 1, 2024
Joseph Feldman
Telsey Advisory Group

Outperform

$4

Maintains

May 9, 2024
Joseph Feldman
Telsey Advisory Group

Outperform

$4.5

Maintains

May 3, 2024
Joseph Feldman
Telsey Advisory Group

Outperform

$4.5

Maintains

Mar 8, 2024
Peter Benedict
Baird

Neutral

$2.5

Maintains

Mar 8, 2024
Peter Keith
Piper Sandler

Neutral

$3.5

Maintains

Mar 8, 2024
Brian McNamara
Canaccord Genuity

Buy

$4

Maintains

Mar 6, 2024
Joseph Feldman
Telsey Advisory Group

Outperform

$5

Reiterates

Mar 4, 2024
Anna Glaessgen
B. Riley Securities

Buy

$3.5

Initiates

Dec 12, 2023
Joseph Feldman
Telsey Advisory Group

Outperform

$5

Maintains

Nov 9, 2023
Megan Alexander
Morgan Stanley

Underweight

$2.8

Maintains

Nov 9, 2023
Joseph Feldman
Telsey Advisory Group

Outperform

$6.5

Reiterates

Nov 3, 2023

COOK Company Information

What They Do: Sells wood pellet fueled barbecue grills.

Business Model: Traeger, Inc. generates revenue by designing and selling wood pellet grills, along with a wide range of related products such as wood pellets, cooking accessories, and branded merchandise. The company also monetizes its offerings through digital content that enhances the cooking experience for users, which helps to build customer loyalty and support repeat purchases.

Other Information: Founded in 1987 and based in Salt Lake City, Utah, Traeger integrates technology into its products, allowing customers to control their grills via a mobile app. This innovation positions the company well in the growing market of smart cooking devices, appealing to both enthusiasts and casual cooks.
COOK
Traeger, Inc. (COOK)

When did it IPO

2021

Staff Count

640

Country

United States

Sector/Industry

Consumer Cyclical/Furnishings, Fixtures & Appliances

CEO

Mr. Jeremy Andrus

Market Cap

$385.3M

Traeger, Inc. (COOK) Financial Data

In 2023, COOK generated $605.9M in revenue, which was a decrease of -7.63% from the previous year. This can be seen as a signal that COOK's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$545.8M

Revenue From 2021

$785.5M

43.93 %
From Previous Year

Revenue From 2022

$655.9M

-16.50 %
From Previous Year

Revenue From 2023

$605.9M

-7.63 %
From Previous Year
  • Revenue TTM $598.9M
  • Operating Margin TTM -6.1%
  • Gross profit TTM $223.6M
  • Return on assets TTM -0.8%
  • Return on equity TTM -17.3%
  • Profit Margin -8.5%
  • Book Value Per Share 2.15%
  • Market capitalisation $385.3M
  • Revenue for 2021 $785.5M
  • Revenue for 2022 $655.9M
  • Revenue for 2023 $605.9M
  • EPS this year (TTM) $-0.40

Traeger, Inc. (COOK) Latest News

News Image

Mon, 25 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - Traeger, Inc. reported a 3.7% revenue increase, driven by grill sales. EBITDA nearly tripled and adjusted net losses narrowed, despite a slight decline in operating cash flow.

Why It Matters - Traeger, Inc.'s revenue growth and improved profitability metrics signal potential for future gains, making shares more attractive despite price cuts. Positive trends in grill sales bolster investor confidence.

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Traeger, Inc. (NYSE: COOK) will hold its Q3 2024 earnings call on November 6, 2024, at 4:30 PM ET, featuring key executives and analysts from various financial firms.

Why It Matters - Traegerโ€™s Q3 earnings call indicates upcoming performance insights, impacting stock valuation and investor sentiment based on revenue, profitability, and future guidance.

News Image

Wed, 06 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Traeger, Inc. (NYSE: COOK) reported Q3 FY 2024 revenues of $122.1M, up 3.7%. Grill revenues rose 32.5% to $74.9M. Gross margin improved to 42.3%, while net loss slightly increased to $19.8M.

Why It Matters - Traeger's revenue growth and improved gross margin indicate operational efficiency, while the net loss reflects ongoing challenges. These metrics influence investor confidence and stock performance.

News Image

Wed, 06 Nov 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Traeger (COOK) reported a quarterly loss of $0.06 per share, matching the Zacks Consensus Estimate, an improvement from a loss of $0.12 per share a year prior.

Why It Matters - Traeger's quarterly loss aligns with expectations, indicating stability. The reduced loss compared to last year may signal potential recovery, impacting investor sentiment positively.

News Image

Wed, 06 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Traeger (COOK) reported its revenue and EPS for Q3 2024. Investors should compare these figures to Wall Street estimates and year-ago results for a comprehensive analysis.

Why It Matters - Comparison of Traeger's revenue and EPS against Wall Street estimates and prior year figures indicates performance trends, impacting investor sentiment and stock valuation.

News Image

Wed, 23 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Traeger, Inc. (NYSE: COOK) will release its Q3 fiscal 2024 financial results on November 6, 2024, after market close, followed by a conference call at 4:30 PM ET.

Why It Matters - Traegerโ€™s upcoming earnings report and conference call may impact its stock price, providing insights into financial health and growth prospects, crucial for investment decisions.

...

COOK Frequently asked questions

The highest forecasted price for COOK is $7 from Peter Keith at Piper Sandler.

The lowest forecasted price for COOK is $2.75 from Nik Modi from RBC Capital

The COOK analyst ratings consensus are 4 buy ratings, 5 hold ratings, and 1 sell ratings.