Traeger Target of Unusually High Options Trading (NYSE:COOK)

Traeger Inc (NYSE:COOK) saw unusually large options trading on Thursday. Traders purchased 2,541 call options on the stock. This is an increase of approximately 71% compared to the average daily volume of 1,485 call options.

COOK opened at $22.74 on Friday. Traeger has a 12 month low of $20.39 and a 12 month high of $32.59.

Traeger (NYSE:COOK) last released its earnings results on Wednesday, September 8th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.11. The company had revenue of $213.02 million for the quarter, compared to analyst estimates of $211.02 million. Traeger’s revenue for the quarter was up 39.1% on a year-over-year basis.

Several equities research analysts have issued reports on the company. Credit Suisse Group assumed coverage on Traeger in a research note on Monday, August 23rd. They set an “outperform” rating and a $33.00 target price for the company. William Blair started coverage on Traeger in a research note on Monday, August 23rd. They set an “outperform” rating for the company. Stifel Nicolaus started coverage on Traeger in a research note on Monday, August 23rd. They issued a “buy” rating and a $31.00 price objective for the company. Piper Sandler started coverage on Traeger in a research note on Monday, August 23rd. They issued an “overweight” rating and a $30.00 price objective for the company. Finally, Jefferies Financial Group started coverage on Traeger in a research note on Monday, August 23rd. They issued a “buy” rating and a $36.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $31.33.

About Traeger

Traeger Inc provides wood pellet grill. The company’s pellet grills utilize wood-fired convection power, owners can grill, smoke, bake, roast, braise and barbecue meals on one cooking system. Traeger Inc is headquartered in Salt Lake City.

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