During the last session, Traeger Inc. (NYSE:COOK)’s traded shares were 2.9 million. At the end of the trading day, the stock’s price was $5.29, reflecting an intraday gain of 19.95% or $0.88. The 52-week high for the COOK share is $32.59, that puts it down -516.07 from that peak though still a striking 17.58% gain since the share price plummeted to a 52-week low of $4.36. The company’s market capitalization is $704.26M, and the average trade volume was 1.04 million shares over the past three months.
Traeger Inc. (COOK) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.70. COOK has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.04.
Traeger Inc. (NYSE:COOK) trade information
Traeger Inc. (COOK) registered a 19.95% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 19.95% in intraday trading to $5.29 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -11.54%, and it has moved by -25.70% in 30 days.
The consensus price target of analysts on Wall Street is $8.78, which implies an increase of 39.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.00 and $16.00 respectively. As a result, COOK is trading at a discount of -202.46% off the target high and 24.39% off the low.
Traeger Inc. (COOK) estimates and forecasts
Statistics show that Traeger Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Traeger Inc. (COOK) shares have gone down -74.92% during the last six months, with a year-to-date growth rate less than the industry average at -75.00% against -0.10.
Revenue for the current quarter is expected to be $160.65 million as predicted by 9 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $257.37 million by the end of Mar 2022.
While earnings are projected to return -394.00% in 2022, the next five years will return 12.86% per annum.
Traeger Inc. is due to release its next quarterly earnings on November 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Traeger Inc. (NYSE:COOK)’s Major holders
Traeger Inc. insiders own 10.92% of total outstanding shares while institutional holders control 88.40%, with the float percentage being 99.24%. Ontario Teachers’ Pension Plan Board is the largest shareholder of the company, while 153 institutions own stock in it. As of Sep 29, 2021, the company held over 24.69 million shares (or 21.01% of all shares), a total value of $516.83 million in shares.
The next largest institutional holding, with 4.31 million shares, is of Capital World Investors’s that is approximately 3.67% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $90.3 million.
Also, the Mutual Funds coming in first place with the largest holdings of Traeger Inc. (COOK) shares are Smallcap World Fund and TIAA-CREF Funds-Mid-Cap Growth Fund. Data provided on Sep 29, 2021 indicates that Smallcap World Fund owns about 4.31 million shares. This amounts to just over 3.67 percent of the company’s overall shares, with a $90.3 million market value. The same data shows that the other fund manager holds slightly less at 1.19 million, or about 1.01% of the stock, which is worth about $22.44 million.