COOK official logo COOK
COOK 1-star rating from Upturn Advisory
Traeger Inc (COOK) company logo

Traeger Inc (COOK)

Traeger Inc (COOK) 1-star rating from Upturn Advisory
$0.86
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PASS
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Upturn Stock price based on last close icon Stock price based on last close
*as per simulation
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Upturn Advisory Summary

12/01/2025: COOK (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

2 star rating from financial analysts

8 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $1.49

1 Year Target Price $1.49

Analysts Price Target For last 52 week
$1.49 Target price
52w Low $0.75
Current$0.86
52w High $3.43

Analysis of Past Performance

Type Stock
Historic Profit -29.8%
Avg. Invested days 30
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 12/01/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 124.83M USD
Price to earnings Ratio -
1Y Target Price 1.49
Price to earnings Ratio -
1Y Target Price 1.49
Volume (30-day avg) 8
Beta 1.41
52 Weeks Range 0.75 - 3.43
Updated Date 12/1/2025
52 Weeks Range 0.75 - 3.43
Updated Date 12/1/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.8

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-11-05
When -
Estimate -0.0438
Actual -0.17

Profitability

Profit Margin -18.01%
Operating Margin (TTM) -1.94%

Management Effectiveness

Return on Assets (TTM) -0.16%
Return on Equity (TTM) -45.04%

Valuation

Trailing PE -
Forward PE 17.27
Enterprise Value 546234974
Price to Sales(TTM) 0.21
Enterprise Value 546234974
Price to Sales(TTM) 0.21
Enterprise Value to Revenue 0.94
Enterprise Value to EBITDA 11.97
Shares Outstanding 137026317
Shares Floating 82630980
Shares Outstanding 137026317
Shares Floating 82630980
Percent Insiders 18.54
Percent Institutions 69.84

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Traeger Inc

Traeger Inc(COOK) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Traeger Inc. was founded in 1985 in Mount Angel, Oregon. Initially a family-owned heating company, it transitioned to wood-fired grills. Traeger patented the first wood pellet grill, revolutionizing outdoor cooking. The company has changed ownership several times, going public in 2021.

Company business area logo Core Business Areas

  • Grills: Traeger designs, sources, and sells wood pellet grills. These grills are known for their ease of use and ability to impart a smoky flavor to food.
  • Pellets: Traeger sells wood pellets specifically designed for use in their grills. Different wood types offer different flavor profiles.
  • Accessories: Traeger offers a range of grilling accessories, including rubs, sauces, covers, and cleaning supplies.
  • App and Connected Services: Traeger developed a smart app that connects to the grills allowing users to monitor and adjust temperature, access recipes, and control the grill remotely.

leadership logo Leadership and Structure

Jeremy Andrus is the Chief Executive Officer. The organizational structure includes departments for marketing, sales, product development, operations, and finance. The board of directors oversees the company's strategic direction.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Grills: Traeger's core product line includes a variety of wood pellet grills ranging in size and features. Traeger commands a significant market share in the wood pellet grill market, estimated at approximately 45% (as of 2022 data). Competitors include Weber, Pit Boss, and Camp Chef. Revenue can only be guessed with very little information. In 2021 Traeger's total revenues were about $800 million.
  • Pellets: Traeger-branded wood pellets are essential for operating their grills and contribute significantly to recurring revenue. The pellet market is competitive, with brands like Lumber Jack and BBQrs Delight offering alternative options. Market share data specific to pellet brands is fragmented.
  • Accessories: Traeger accessories and consumables, provide additional revenue streams. The company positions itself as a one-stop-shop. The market share data is too fragmented to be accurately determined.

Market Dynamics

industry overview logo Industry Overview

The outdoor cooking market is experiencing growth, driven by consumer interest in grilling and smoking. The wood pellet grill segment is a niche market within the broader grilling industry, known for convenience and flavor.

Positioning

Traeger is positioned as a premium brand in the wood pellet grill market, known for its technology-driven features and brand reputation. Traeger's competitive advantage is its brand recognition and ecosystem (grills, pellets, accessories, app).

Total Addressable Market (TAM)

The total addressable market (TAM) for grills and outdoor cooking products is estimated to be several billion dollars annually. Traeger's focus on the premium wood pellet grill segment positions it to capture a portion of this market, with significant growth potential through expanding its product line and customer base.

Upturn SWOT Analysis

Strengths

  • Strong brand recognition
  • Established market leader in wood pellet grills
  • Loyal customer base
  • Integrated ecosystem of products and services
  • Patented Technology

Weaknesses

  • Relatively high price point compared to competitors
  • Dependence on wood pellets for fuel
  • Supply chain vulnerabilities.
  • Seasonality of business

Opportunities

  • Expansion into international markets
  • Development of new product lines (e.g., electric grills)
  • Increased focus on direct-to-consumer sales
  • Partnerships with chefs and influencers
  • Expansion of connected services and subscription models

Threats

  • Increased competition from other grill manufacturers
  • Fluctuations in wood pellet prices
  • Changes in consumer preferences
  • Economic downturns
  • Supply Chain disruptions

Competitors and Market Share

Key competitor logo Key Competitors

  • WEBR
  • MTex
  • YETI

Competitive Landscape

Traeger's strengths are its brand recognition and integrated ecosystem. However, competitors like Weber and Pit Boss offer lower-priced alternatives. New competitors in the space offer more technology and features.

Major Acquisitions

Apption Labs

  • Year: 2022
  • Acquisition Price (USD millions): 85
  • Strategic Rationale: The acquisition of Apption Labs was to integrate its wireless meat thermometer technology (MEATER) into Traegeru2019s ecosystem, enhancing the grilling experience with precise temperature monitoring and control.

Growth Trajectory and Initiatives

Historical Growth: Traeger has experienced strong growth in revenue and market share over the past decade.

Future Projections: Analysts project continued revenue growth for Traeger, driven by international expansion and product innovation. However, profitability may remain under pressure due to competition and supply chain constraints.

Recent Initiatives: Traeger has recently launched new grill models and expanded its range of wood pellet flavors. They have also focused on increasing their direct-to-consumer sales channel and building their connected services platform.

Summary

Traeger is a well-known brand and market leader in the wood pellet grill category. It has good brand loyalty but faces increased competition and pressure on profitability. To grow and strengthen it needs to continue to innovate product and services and expand it's reach into international markets and direct-to-consumer sales. Supply chain efficiency and flexibility will be key to weathering global risks and cost control.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company SEC Filings
  • Industry Reports
  • Analyst Estimates

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Market conditions and company performance can change.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Traeger Inc

Exchange NYSE
Headquaters Salt Lake City, UT, United States
IPO Launch date 2021-07-29
Chairman of the Board & CEO Mr. Jeremy Andrus
Sector Consumer Cyclical
Industry Furnishings, Fixtures & Appliances
Full time employees 665
Full time employees 665

Traeger, Inc., together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbecue grills and pellet fueled barbecue grills for retailers, distributors, and direct to consumers in the United States and internationally. The company's wood pellet grills are internet of things devices that allow owners to program, monitor, and control their grill through its Traeger app. It also produces a library of digital content, including instructional recipes and videos that demonstrate tips, tricks, and cooking techniques that empower Traeger owners to progress their cooking skills; and short- and long-form branded content highlighting stories, community members, and lifestyle content from the Traegerhood. In addition, the company provides wood pellets that are used to fire the grills; rubs, spices, and sauces; accessories, such as pop-and-lock accessory rail covers, drip trays, bucket liners, storage bins, and shelves; tools to aid in meal prep, cooking, and cleanup, including pellet storage systems, cleaning solutions, barbecue tools, and MEATER smart thermometer; replacement parts; and apparel and merchandise, including t-shirts, hooded sweatshirts, and baseball hats. Traeger, Inc. was founded in 1987 and is headquartered in Salt Lake City, Utah.