William Blair Comments on Traeger’s Q1 Earnings (NYSE:COOK)

Traeger, Inc. (NYSE:COOK) – Investment analysts at William Blair issued their Q1 2025 earnings estimates for shares of Traeger in a note issued to investors on Wednesday, April 9th. William Blair analyst P. Blee forecasts that the company will post earnings per share of ($0.01) for the quarter. The consensus estimate for Traeger’s current full-year earnings is ($0.12) per share. William Blair also issued estimates for Traeger’s Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.02) EPS and FY2026 earnings at $0.02 EPS.

A number of other brokerages also recently issued reports on COOK. Telsey Advisory Group reissued a “market perform” rating and set a $2.50 target price on shares of Traeger in a research note on Monday, April 7th. Morgan Stanley cut their price objective on Traeger from $3.00 to $2.50 and set an “underweight” rating for the company in a research report on Friday, March 7th. Piper Sandler decreased their target price on shares of Traeger from $3.75 to $2.50 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada lowered their price target on shares of Traeger from $2.75 to $2.00 and set a “sector perform” rating on the stock in a research note on Friday, March 7th. Finally, UBS Group set a $2.50 price objective on shares of Traeger in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $2.79.

Traeger Price Performance

Shares of NYSE:COOK opened at $1.41 on Thursday. Traeger has a 52 week low of $1.32 and a 52 week high of $3.97. The company has a 50-day moving average price of $1.97 and a 200 day moving average price of $2.59. The company has a market cap of $183.56 million, a P/E ratio of -3.51 and a beta of 1.42. The company has a quick ratio of 1.08, a current ratio of 2.09 and a debt-to-equity ratio of 1.42.

Institutional Investors Weigh In On Traeger

Several institutional investors and hedge funds have recently made changes to their positions in COOK. Graham Capital Management L.P. acquired a new position in Traeger during the fourth quarter worth about $37,000. Quadrature Capital Ltd purchased a new position in shares of Traeger during the 3rd quarter worth approximately $50,000. Public Employees Retirement System of Ohio raised its position in shares of Traeger by 70.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,883 shares of the company’s stock worth $62,000 after purchasing an additional 7,006 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Traeger by 202.8% during the 4th quarter. Two Sigma Advisers LP now owns 32,100 shares of the company’s stock worth $77,000 after purchasing an additional 21,500 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in Traeger in the 4th quarter valued at approximately $78,000. 46.84% of the stock is currently owned by hedge funds and other institutional investors.

Traeger Company Profile

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.