36Knuckle
3 years ago
April 04 2022 - 04:25AM
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After RBC Capital and Telsey Advisory gave Traeger (NYSE: COOK) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Simeon Siegel maintained a Buy rating on Traeger today and set a price target of $16.00. The company's shares closed last Friday at $7.42, close to its 52-week low of $6.82. According to TipRanks.com, Siegel is a 4-star analyst with an average return of 10.2% and a 55.1% success rate. Siegel covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Bath & Body Works, and Victoria's Secret.
https://www.tipranks.com/news/blurbs/traeger-cook-received-its-third-buy-in-a-row-2?utm_source=advfn.com&utm_medium=referral
36Knuckle
3 years ago
March 23 2022 - 04:55AM
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RBC Capital analyst Nik Modi maintained a Buy rating on Traeger (COOK β Research Report) on March 21 and set a price target of $27.00. The company's shares closed last Tuesday at $9.22, close to its 52-week low of $8.18. According to TipRanks.com, Modi is a 5-star analyst with an average return of 12.0% and a 65.7% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Reynolds Consumer Products, and Spectrum Brands Holdings. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Traeger with a $21.20 average price target, which is a 137.
https://www.tipranks.com/news/blurbs/rbc-capital-thinks-traegers-stock-is-going-to-recover?utm_source=advfn.com&utm_medium=referral
36Knuckle
3 years ago
12:57 PM EDT, 03/22/2022 (MT Newswires) -- Traeger's(COOK) brand continues to drive momentum but margins remain under pressure due to cost challenges, said RBC Capital Markets, which rates the company at outperform with a $27 price target.
RBC analyst Nik Modi expects the company to report fourth-quarter net sales of $160.3 million, higher than the consensus of $157 million, and EBITDA of $8.2 million, compared with a $9.4 million consensus.
The maker of pellet grills should report a compound annual revenue growth rate of 24% over the next five years driven by more cooking at home and strong social media presence, the firm said in a note.
Traeger (COOK) plans to introduce a new line of grills in 2022 at a premium, likely benefiting revenue and margins, RBC said. In addition, the opening of a Mexico manufacturing facility is expected to reduce reliance on Asian manufacturing and help ease some of the freight cost pressure.
"We like the stock's long-term opportunity, but acknowledge the possibility of volatility in the near term given macro supply chain environment and would be buyers of COOK shares on any near-term dips," RBC said.
Price: 9.35, Change: +0.34, Percent Change: +3.77
36Knuckle
3 years ago
Telsey Advisory Adjusts Traeger's Price Target to $20 From $28, Keeps Outperform Rating
MT NEWSWIRES 4:53 AM ET 3/21/2022
Symbol Last Price Change
COOK 9.56down 0 (0%)
QUOTES AS OF 04:10:00 PM ET 03/18/2022
07:53 AM EDT, 03/21/2022 (MT Newswires) -- Traeger(COOK) has an average rating of outperform and price targets ranging from $14 to $27, according to analysts polled by Capital IQ.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
36Knuckle
3 years ago
Traeger: Tasty Undervalued Grill Company
Mar 09, 2022 12:38 PM | Traeger, Inc.(COOK) | By: Kempano Investor
Traeger invented the wood pellet grill, which is an outdoor cooking device that uses all-natural hardwoods to grill, smoke, bake, roast, braise, and barbecue.
Traegerβs stock hasnβt been well perceived by the market and lost more than 60%, due to what seems to be mostly short-term obstacles.
In the longer term, according to my 5-year forward multiple, Traeger trades at a significant discount compared to the market.
Intense competition, low industry growth, and a high beta make it a somewhat risky stock.
With the low forward multiple and a strong competitive position, however, I estimate that the investment is worth the risk.