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/COOK
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Traeger Inc

Traeger Inc

COOK
$49.20USD↑+1.07%+0.52 today

MARKET CAP

137.7M

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$48 – $50

52W RANGE

$21
$87

AI Summary

Stalk
Sell NowMedium

COOK remains in a pronounced downtrend, trading below all key EMAs with lower highs and lower lows confirming persistent supply dominance under a Stage 4 distribution environment. Both medium-term and short-term biases are bearish, and execution favors selling now into any rally toward the 9/21/50 EMA cluster.

  • ↑Traeger recorded 267K connected cooks over July 4th, reflecting strong consumer loyalty.
  • ↑Revenue declined 17% YoY to $120M, but adjusted EBITDA rose to $17M.
  • ↓Q2 revenue fell 17% YoY to $120M; full-year guidance cut to $435–465M.
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The case for & against

Bull & Bear analysis

Bearish

Traeger, Inc. (NASDAQ: COOK) is a leading player in the outdoor cooking appliances sector, specializing primarily in wood-fired grills and accessories. The company positions itself in the household durables market, focusing on enhancing consumer engagement and expanding distribution channels, particularly through initiatives like Project Gravity. As it navigates through a transitioning market, Traeger seeks to innovate in its product offerings to maintain a competitive edge in the evolving outdoor cooking landscape.

Bull says

  • ↑Traeger recorded 267K connected cooks over July 4th, reflecting strong consumer loyalty.
  • ↑Revenue declined 17% YoY to $120M, but adjusted EBITDA rose to $17M.
  • ↑Project Gravity targets $57–67M EBITDA, emphasizing cost discipline and efficiency.
  • ↑Expansion into Lowe's opens under-penetrated markets, boosting long-term distribution reach.
  • ↑Consensus EPS estimate improved from a -$15.58 to -$8.03 loss for FY 2026.
  • ↑Strong liquidity and elevated dividend yield support cash flow and share stability.

Bear says

  • ↓Q2 revenue fell 17% YoY to $120M; full-year guidance cut to $435–465M.
  • ↓Net loss grew to $9M from $7M, highlighting profitability challenges.
  • ↓High operating volatility and elevated leverage increase financial stress risks.
  • ↓Project Gravity execution hinges on $50M value capture amid market fragility.
  • ↓Earnings yield is negative and growth outlook remains stagnant despite initiatives.
  • ↓Weak profitability factors and strained balance sheet may pressure future performance.

Investment themes with COOK

Home Improvement↑ +0.56%

Retailers and suppliers for home renovation

FTDR · LCUT · TTSH
Household Products↓ -0.26%

CLX · EPC · PG

Earnings Call · Q1 2024 · Mgmt. Guidance

Updated 05-04-2025neutral

Transcript signals

Bull points

  • I'm pleased with our execution in the first quarter. Sales were $145 million, and adjusted EBITDA was $24 million, at the high end of our guidance range.

Bear points

  • forward-looking statements
Read full transcript analysis ›