why is traeger stock down

by Alvena VonRueden Published 3 years ago Updated 2 years ago

There is a multitude of reasons for this drop in margin, but it can mainly be attributed to increasing freight rates and logistics costs. Due to shipping and supply chain issues, companies that deal in physical goods such as Traeger have suffered from insurmountable appreciation in logistical expenses.

Traeger Inc.'s stock is down almost 16% in early trading Thursday (March 24) after the grill maker said in a Wednesday (March 23) press release that it's anticipating lower sales for fiscal 2022 because of inflation, lower customer confidence and tighter margins.Mar 24, 2022

Full Answer

Why did Traeger stock fall 11% Wednesday?

Nov 16, 2021 · What happened. Investors rained on pellet grill maker Traeger 's ( COOK -11.20%) barbecue on Tuesday, pushing the company's stock price down by nearly 16% despite the fact that Traeger notched ...

Is Traeger the perfect stock for'grilling and chilling?

Mar 24, 2022 · Shares of Traeger Grills ( COOK 19.95%) were hit hard on Thursday after the company released financial results for 2021 and issued financial guidance for 2022. Suffice it to say that investors had ...

How much did Traeger lose in the fourth quarter?

Mar 23, 2022 · Referenced Symbols. Shares of Traeger Inc. COOK, +4.01% fell more than 11% in the extended session Wednesday after the grill maker reported fourth-quarter results above Wall Street expectations ...

How much is Traeger worth?

Aug 23, 2021 · What happened. Monday was a fine workday for a barbecue, at least for shareholders of pellet grill maker Traeger ( COOK -6.41%). The company's stock leaped more than 9% higher on the day, stoked ...

Why is Traeger stock falling?

Traeger (COOK -9.2%) shares are down Friday following the company's first earnings report as a public company. The company posted adjusted EPS of $0.15, beats by $0.11, and revenue growth of 39.1% Y/Y.Sep 10, 2021

Is Traeger stock a good investment?

Traeger is largely rated by analysts as a buy, especially at a price below $30.00. The company's guidance for the year is for revenue of $760 million to $770 million with around a $105 million EBITDA.

How many shares of Traeger are there?

Traeger, Inc. (COOK)

Market Cap	680.30M
Shares Out	118.21M
EPS (ttm)	-0.79
PE Ratio	n/a
Forward PE	44.64

4 more rows

Who owns Traeger grills?

Traeger

Traeger Pellet Grills, LLC / Parent organization

How much did Traeger pay for meater?

They actually brought in $4 million – or £3 million. It was set up by Teemu Nivala from Finland and Joseph Cruz from the US, product designers who met while working together in Leicester, along with their business partner Dauson Chang.Jul 12, 2021

Is Cook stock a buy?

Out of 11 analysts, 1 (9.09%) are recommending COOK as a Strong Buy, 7 (63.64%) are recommending COOK as a Buy, 3 (27.27%) are recommending COOK as a Hold, 0 (0%) are recommending COOK as a Sell, and 0 (0%) are recommending COOK as a Strong Sell. What is COOK's earnings growth forecast for 2022-2024?

Is Traeger privately owned?

Traeger Grills was sold again in 2014 to private equity firm Trilantic Capital Partners and the company moved its headquarters to Utah in 2015.Dec 30, 2019

Is Traeger publicly traded?

Traeger is listed on the New York Stock Exchange under the ticker “COOK.” Traeger is an emerging growth company, which means it does not have to make the same disclosures required of bigger public companies.Jul 29, 2021

Do Traeger grills last?

The answer is, “With proper care, cleaning and maintenance you can expect a Traeger grill to last at least five years. A Traeger will easily last 10-15 years when damaged components are replaced with readily available replacement parts.”Jan 31, 2022

Is Pit Boss owned by Traeger?

The company, Traeger, is no longer a family-owned business. Interestingly, Joe Traeger sold it in 2006 and now works for rival company, Dansons, the owners of Pit Boss. Where are Traeger grills made?Dec 3, 2021

Are Traeger Grills made in China?

Traeger grills are manufactured in China and are imported in the US. Traeger produced its grills in Oregon to the 2010 time when the grills company commenced outsourcing to China.

Did Traeger get bought out?

Traeger Pellet Grills Company History Timeline

The family sold the assets of Traeger Industries in 2006 for $3.4 million, according to the lawsuit, and the intellectual property rights and names and likenesses of Joe, Brian, Mark and Randy Traeger for another $9 million.Dec 14, 2021

Several analysts tag the shares with buy recommendations

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

What happened

Monday was a fine workday for a barbecue, at least for shareholders of pellet grill maker Traeger ( NYSE:COOK). The company's stock leaped more than 9% higher on the day, stoked by a clutch of bullish new analyst recommendations.

So what

Less than a month after its successful initial public offering (IPO), Traeger was blasted with several fresh coverage initiations on Monday.

Now what

One slightly less sunny analysis came from Morgan Stanley prognosticator John Glass, who believes the stock is only worthy of an "equal weight" (i.e., neutral) recommendation at a price target of $28. At the current share price, Glass feels that while the current optimism swirling around Traeger is justified, it's already priced into the stock.

Traeger Announces Reporting Date for Second Quarter Fiscal 2021 Financial Results

SALT LAKE CITY-- (BUSINESS WIRE)--Traeger, Inc. (“Traeger”) (NYSE: COOK), creator and category leader of the wood pellet grill, today announced that it will release its second quarter fiscal 2021 financi...

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Jim Cramer says Traeger deserves a higher stock multiple than rival grill maker Weber

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