Traeger (COOK)

• Market cap: $196M
• 1 day: -0.68%
• 5 days: -3.95%
• 1 month: -13.10%
• 3 months: -42.06%
• 6 months: -53.65%
• Year to date: -38.66%
• 1 year: -32.09%
• 5 years: -93.36%
• 10 years: -93.36%
• Sector: Consumer Discretionary
• Industry: Furnishings, Fixtures & Appliances

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: 666

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

142% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 19

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

1% more funds holding

Funds holding: 98 [Q3] → 99 (+1) [Q4]

0.75% less ownership

Funds ownership: 36.43% [Q3] → 35.68% (-0.75%) [Q4]

32% less call options, than puts

Call options by funds: $79K | Put options by funds: $117K

36% less capital invested

Capital invested by funds: $173M [Q3] → $111M (-$62M) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $2 37% upside
• Avg. target: $2.50 71% upside
• High target: $3 105% upside

6 analyst ratings

• positive: 1 17%
• neutral: 4 67%
• negative: 1 17%

Canaccord Genuity Brian McNamara 32% 1-year accuracy 14 / 44 met price target	105% upside $3	Buy Maintained	29 Apr 2025
Telsey Advisory Group Joseph Feldman 32% 1-year accuracy 47 / 147 met price target	71% upside $2.50	Market Perform Maintained	7 Apr 2025
Morgan Stanley Megan Alexander 69% 1-year accuracy 11 / 16 met price target	71% upside $2.50	Underweight Maintained	7 Mar 2025
RBC Capital Nik Modi 37% 1-year accuracy 17 / 46 met price target	37% upside $2	Sector Perform Maintained	7 Mar 2025
Piper Sandler Peter Keith 36% 1-year accuracy 17 / 47 met price target	71% upside $2.50	Neutral Maintained	7 Mar 2025