Traeger Inc. (COOK) PT Lowered to $12 at Baird
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Traeger (COOK) Stock Crashes 20% on Big Outlook Miss, Stifel and Jefferies Downgrade to Hold
March 24, 2022 6:55 AM EDTShares 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
March 24, 2022 6:19 AM EDTPiper 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
March 24, 2022 6:16 AM EDT(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
March 24, 2022 3:58 AM EDT(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
March 23, 2022 5:52 PM EDTAfter-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
March 23, 2022 4:07 PM EDTTraeger, 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
