TraegerCOOK
COOK
About: Traeger Inc designs, sources, sells, and supports wood pellet fueled barbeque grills sold to retailers, distributors, and direct to consumers. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grilling accessories including covers, barbeque tools, trays, liners, and merchandise. The company's geographical segments include North America and the Rest of the world, of which majority of revenue is from North America.
Employees: 641
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
57% more capital invested
Capital invested by funds: $111M [Q2] → $173M (+$62.9M) [Q3]
56% more call options, than puts
Call options by funds: $253K | Put options by funds: $162K
38% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 13
21% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 24
5% more funds holding
Funds holding: 93 [Q2] → 98 (+5) [Q3]
0.68% more ownership
Funds ownership: 35.75% [Q2] → 36.43% (+0.68%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$2.75
6%
upside
Avg. target
$4.38
69%
upside
High target
$7
170%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Canaccord Genuity Brian McNamara 60% 1-year accuracy 26 / 43 met price target | 170%upside $7 | Buy Maintained | 7 Nov 2024 |
RBC Capital Nik Modi 31% 1-year accuracy 11 / 36 met price target | 6%upside $2.75 | Sector Perform Maintained | 7 Nov 2024 |
Piper Sandler Peter Keith 65% 1-year accuracy 30 / 46 met price target | 45%upside $3.75 | Neutral Maintained | 7 Nov 2024 |
Telsey Advisory Group Joseph Feldman 56% 1-year accuracy 90 / 161 met price target | 54%upside $4 | Outperform Maintained | 7 Nov 2024 |
Financial journalist opinion
Positive
Seeking Alpha
3 weeks ago
Despite Improvements, Traeger Isn't Ready For An Upgrade Just Yet
Traeger, Inc. has shown revenue and cash flow improvements despite price cuts, making shares cheaper and suggesting potential for future gains if trends continue. The company reported a 3.7% revenue increase in the latest quarter, driven by a significant rise in grill sales, offset by declines in consumables and accessories. Profitability metrics mostly improved, with EBITDA nearly tripling and adjusted net losses narrowing, although operating cash flow saw a slight decline.
Neutral
Seeking Alpha
1 month ago
Traeger, Inc. (COOK) Q3 2024 Earnings Call Transcript
Traeger, Inc. (NYSE:COOK ) Q3 2024 Earnings Call November 6, 2024 4:30 PM ET Company Participants Nick Bacchus - Vice President, Investor Relations Jeremy Andrus - Chief Executive Officer Dom Blosil - Chief Financial Officer Conference Call Participants Anna Glaessgen - B. Riley Megan Alexander - Morgan Stanley Dan Stroller - BMO Capital Markets Alexia Morgan - Piper Sandler Peter Benedict - Baird Joe Feldman - Telsey Advisory Group Brian McNamara - Canaccord Phillip Blee - William Blair Operator Hello and welcome to the Traeger Third Quarter 2024 Earnings Conference Call.
Positive
Zacks Investment Research
1 month ago
Here's What Key Metrics Tell Us About Traeger (COOK) Q3 Earnings
Although the revenue and EPS for Traeger (COOK) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Neutral
Zacks Investment Research
1 month ago
Traeger (COOK) Reports Q3 Loss, Tops Revenue Estimates
Traeger (COOK) came out with a quarterly loss of $0.06 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.12 per share a year ago.
Neutral
Business Wire
1 month ago
Traeger Announces Third Quarter Fiscal 2024 Results
SALT LAKE CITY--(BUSINESS WIRE)--Traeger, Inc. ("Traeger" or the "Company") (NYSE: COOK), creator and category leader of the wood pellet grill, today announced its financial results for the three months ended September 30, 2024. Third Quarter FY 24 Highlights Total revenues increased 3.7% to $122.1 million Grill revenues increased 32.5% to $74.9 million Gross margin of 42.3%, up 440 basis points compared to prior year Net loss of $19.8 million compared to net loss of $19.3 million in the prior.
Neutral
Business Wire
1 month ago
Traeger Announces Reporting Date for Third Quarter Fiscal 2024 Financial Results
SALT LAKE CITY--(BUSINESS WIRE)--Traeger, Inc. (“Traeger”) (NYSE: COOK), creator and category leader of the wood pellet grill, today announced that it will release its third quarter fiscal 2024 financial results after market close on Wednesday, November 6, 2024. Management will host a conference call at 4:30 p.m. Eastern Time to discuss its financial results. Those who wish to participate in the call may do so by dialing (833) 470-1428 or +1 (929) 526-1599 for international callers, conference.
Positive
Zacks Investment Research
3 months ago
Biggest Rate Cut in 16 Years: 4 Consumer Discretionary Stocks to Buy
Consumer discretionary stocks like COOK, LINC, REYN and RCL will benefit from the Fed's big rate cut.
Positive
Zacks Investment Research
3 months ago
Interest Rate Cuts: 5 Consumer Discretionary Stocks to Gain Big
Consumer discretionary stocks like CROX, COOK, DDI, RCL and MHK will benefit from the Fed's rate cut.
Positive
Zacks Investment Research
3 months ago
Traeger (COOK) Is Attractively Priced Despite Fast-paced Momentum
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Traeger (COOK) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Positive
Zacks Investment Research
3 months ago
Rate Cut Hopes Lift Confidence: 4 Consumer Discretionary Stocks to Buy
Discretionary stocks like Cinemark (CNK), Traeger (COOK), Kontoor Brands (KTB) and Royal Caribbean Cruises (RCL) will benefit from the Fed's rate cuts.
Charts implemented using Lightweight Charts™