In a report released today, Joe Feldman from Telsey Advisory maintained a Hold rating on Traeger (COOK – Research Report), with a price target of $3.50. The company’s shares closed yesterday at $3.71.
Feldman covers the Consumer Goods sector, focusing on stocks such as Dollar General, Vintage Wine Estates, and Costco. According to TipRanks, Feldman has an average return of 6.2% and a 51.47% success rate on recommended stocks.
Currently, the analyst consensus on Traeger is a Moderate Buy with an average price target of $4.86.
The company has a one-year high of $21.24 and a one-year low of $2.52. Currently, Traeger has an average volume of 1.08M.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.
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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 grill accessories including covers, barbeque tools, trays, liners, and merchandise. Its sales are generated majorly from the United States and it develops distribution in Canada and Europe.
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