TraegerCOOK
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
48% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 21
13% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 15
2% more funds holding
Funds holding: 91 [Q1] → 93 (+2) [Q2]
0.08% less ownership
Funds ownership: 35.78% [Q1] → 35.7% (-0.08%) [Q2]
5% less capital invested
Capital invested by funds: $116M [Q1] → $110M (-$5.45M) [Q2]
21% less call options, than puts
Call options by funds: $140K | Put options by funds: $178K
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
RBC Capital Nik Modi 58% 1-year accuracy 22 / 38 met price target | 25%downside $2.50 | Sector Perform Maintained | 8 Aug 2024 |
Baird Peter Benedict 75% 1-year accuracy 12 / 16 met price target | 10%downside $3 | Neutral Maintained | 7 Aug 2024 |
Telsey Advisory Group Joseph Feldman 61% 1-year accuracy 102 / 166 met price target | 20%upside $4 | Outperform Maintained | 7 Aug 2024 |
Telsey Advisory Group Joseph Feldman 61% 1-year accuracy 102 / 166 met price target | 20%upside $4 | Outperform Maintained | 1 Aug 2024 |