Traeger Announces Strategic Initiative for Cost Optimization

Traeger ( (COOK) ) just unveiled an update.

On May 15, 2025, Traeger, Inc.’s Board of Directors approved a strategic initiative aimed at streamlining the company’s organizational structure and rebalancing its cost base to enhance profitability and cash flow. This initiative involves a multi-step optimization plan, including workforce reductions and centralization efforts, expected to be largely completed by the end of fiscal year 2025. While the company has not yet determined the specific cost implications, further details will be announced as the plan progresses.

The most recent analyst rating on (COOK) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Traeger stock, see the COOK Stock Forecast page.

Spark’s Take on COOK Stock

According to Spark, TipRanks’ AI Analyst, COOK is a Neutral.

Traeger’s overall stock score is weighed down by significant financial challenges, such as declining revenue and high leverage, resulting in a low financial performance score. Technical analysis signals are mixed, showing potential downward pressure. Valuation is unattractive due to a negative P/E ratio and no dividend yield. The earnings call provides some optimism with growth in the grills segment and strategic cost management, but is offset by uncertainty and the withdrawal of guidance. Overall, the stock faces considerable risks, necessitating cautious consideration by investors.

To see Spark’s full report on COOK stock, click here.

More about Traeger

Average Trading Volume: 214,107

Technical Sentiment Signal: Sell

Current Market Cap: $210.3M

Find detailed analytics on COOK stock on TipRanks’ Stock Analysis page.