Traeger Inc. (COOK) PT Lowered to $12 at Baird

Traeger (COOK) Stock Crashes 20% on Big Outlook Miss, Stifel and Jefferies Downgrade to Hold

Shares of Traeger (NYSE: COOK) are down more than 20% in premarket trading Thursday after the company released weaker-than-expected FY2022 guidance.

Traeger reported Q4 adjusted EPS of 3c, compared to the expected loss per share of 4.9c. Revenue in the fourth quarter came in at $174.9 million, topping the consensus estimates of $156.6 million.

The gross margin was 37.4% in the period, compared to the analyst consensus of 35.1%. Traeger reported Q4 adjusted EBITDA of $13.8 million, topping the consensus projection of $9.08 million.

For the full fiscal 2022, Traeger expects revenue in the... More

Traeger Inc. (COOK) PT Lowered to $10 at Piper Sandler

Piper Sandler analyst Peter Keith lowered the price target on Traeger Inc. (NYSE: COOK) to $10.00 (from $17.00) while maintaining a Overweight rating.... More

UPDATE: Stifel Downgrades Traeger Inc. (COOK) to Hold

(Updated - March 24, 2022 6:17 AM EDT)

Stifel analyst Jim Duffy downgraded Traeger Inc. (NYSE: COOK) from Buy to Hold with a price target of $7.50 (from $26.00).

The analyst comments "We are downgrading shares to Hold from Buy and cutting our target price to $7.50. Weaker-than-anticipated... More

UPDATE: Jefferies Downgrades Traeger Inc. (COOK) to Hold

(Updated - March 24, 2022 8:58 AM EDT)

Jefferies analyst Randal J. Konik downgraded Traeger Inc. (NYSE: COOK) from Buy to Hold with a price target of $7.00.

The analyst commented, "4Q beat, but the F'22 guide shortfall vs. ests brings into question COOK's... More

After-Hours Stock Movers 03/23: (OXM) (FUL) (NKLA) Higher; (COOK) (RMED) (KBH) Lower

After-Hours Stock Movers:

Traeger, Inc. (NYSE: COOK) 15.5% LOWER; reported Q4 EPS of $0.03, $0.08 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $174.9 million versus the consensus estimate of $158.54 million. Traeger, Inc. sees FY2022 revenue of $800-850 million, versus the consensus of $955 million.

Ra Medical Systems (NYSE: RMED) 11.8% LOWER; reported Q4 EPS of ($1.23), $0.38 worse than the analyst estimate of ($0.85). Revenue for the quarter came in at $5 thousand versus the consensus estimate of $350 thousand.

Oxford... More

Traeger, Inc. (COOK) Tops Q4 EPS by 8c

Traeger, Inc. (NYSE: COOK) reported Q4 EPS of $0.03, $0.08 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $174.9 million versus the consensus estimate of $158.54 million.

GUIDANCE:

Traeger, Inc. sees FY2022 revenue of $800-850 million, versus the consensus of... More