Traeger Inc. (NYSE:COOK)’s traded shares stood at 0.95 million during the last session. At the last check today, the stock’s price was $3.52, to imply an increase of 16.94% or $0.51 in intraday trading. The COOK share’s 52-week high remains $9.91, putting it -181.53% down since that peak but still an impressive 29.55% since price per share fell to its 52-week low of $2.48. The company has a valuation of $385.64M, with an average of 0.42 million shares in intraday trading volume over the past 10 days and average of 488.81K shares over the past 3 months.
Analysts have given a consensus recommendation of a Hold for Traeger Inc. (COOK), translating to a mean rating of 2.60. Of 10 analyst(s) looking at the stock, 0 analyst(s) give COOK a Sell rating. 0 of those analysts rate the stock as Overweight while 8 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.04.
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Traeger Inc. (NYSE:COOK) trade information
After registering a 16.94% upside in the latest session, Traeger Inc. (COOK) has traded red over the past five days. The stock hit a weekly high of 3.83 this Thursday, 03/16/23, jumping 16.94% in its intraday price action. The 5-day price performance for the stock is -1.12%, and -15.18% over 30 days. With these gigs, the year-to-date price performance is 24.82%. Short interest in Traeger Inc. (NYSE:COOK) saw shorts transact 4.82 million shares and set a 10.48 days time to cover.
Analysts on Wall Street suggest a consensus price target of $3.92, implying an increase of 10.2% to the stock’s recent value. The extremes give us $3.00 and $6.00 for target low and target high price respectively. As such, COOK has been trading -70.45% off suggested target high and 14.77% from its likely low.
Traeger Inc. (COOK) estimates and forecasts
Looking at statistics comparing Traeger Inc. share performance against respective industry, we note that the company has outperformed competitors. Traeger Inc. (COOK) shares are 11.04% up over the last 6 months, with its year-to-date growth rate higher than industry average at 44.44% against 1.40%. Revenue is forecast to shrink -76.50% this quarter before falling -75.00% for the next one. The rating firms project that company’s revenue will shrink -1.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is $191.57 million. Meanwhile, for the quarter ending Jun 2023, a total of 8 analyst(s) estimate revenue growth to $189.46 million.Earnings reports from the last fiscal year show that sales brought in $223.71 million and $200.27 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -14.40% before dropping -5.40% in the following quarter.
Traeger Inc. has its next earnings report out on March 16. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Traeger Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Traeger Inc. (NYSE:COOK)’s Major holders
Traeger Inc. insiders hold 10.33% of total outstanding shares, with institutional holders owning 85.60% of the shares at 95.46% float percentage. In total, 85.60% institutions holds shares in the company, led by Ontario Teachers’ Pension Plan Board. As of Dec 30, 2022, the company held over 24.69 million shares (or 20.88% of shares), all amounting to roughly $89.14 million.
The next major institution holding the largest number of shares is FMR, LLC with 8.03 million shares, or about 6.79% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $28.99 million.
We also have Fidelity Small Cap Value Fund and Smallcap World Fund as the top two Mutual Funds with the largest holdings of the Traeger Inc. (COOK) shares. Going by data provided on Nov 29, 2022, Fidelity Small Cap Value Fund holds roughly 6.61 million shares. This is just over 5.59% of the total shares, with a market valuation of $23.84 million. Data from the same date shows that the other fund manager holds a little less at 6.2 million, or 5.24% of the shares, all valued at about 22.36 million.