Traeger rated Buy at Canaccord with bad news already grilled in [Seeking Alpha]
Traeger, Inc. (COOK)
Company Research
Source: Seeking Alpha
Traeger rated Buy at Canaccord with bad news already grilled inNov. 17, 2022 3:23 PM ETTraeger, Inc. (COOK)By:Kevin P. CurranSA News Editor2 Commentsmesut zenginTraeger (NYSE:Shares of the pellet grill company have fallen about 75% in the past year, attracting notable short interest. According to Canaccord Genuity analyst Brian C. McNamara, the stock has fallenfar enough.â??Our primary work, including a proprietary survey and store checks, increase our confidence in the long-term growth and durability of the brand. While we acknowledge the probability of a recession remains high, a Traeger household is higher income and the brand is less reliant on replacement demand than peers, in our view,â? he explained. â??With the stock performing poorly since its July 2021 IPO, we encourage investors to use the weakness as an opportunity to buy this structural share gainer at a discount.â?McNamara started coverage at a Buy rating and assigned a $6 price target to the stock.Read more onthe comp
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COOK
News
- Traeger: Waiting For Things To Heat Up (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- The 5 best wood-pellet grills in 2024 deliver peak old-school flavor [CBS News]CBS News
- TRAEGER GRILLS AND LOUISVILLE SLUGGER HIT HOME RUN WITH LIMITED-EDITION WOOD PELLET COLLABORATION [Yahoo! Finance]Yahoo! Finance
- Traeger Chairman of the Board & CEO Acquires 7.5% More Stock [Yahoo! Finance]Yahoo! Finance
- Electric Grill Market to Reach $7.72 Billion by 2031 Owing To Increasing in Demand for Outdoor Cooking | Says Coherent Market Insights [Yahoo! Finance]Yahoo! Finance
COOK
Earnings
- 3/7/24 - Beat
COOK
Sec Filings
- 4/12/24 - Form PRE
- 3/19/24 - Form 4
- 3/15/24 - Form 4
- COOK's page on the SEC website