Traeger Executes 1-for-50 Reverse Stock Split on NYSE

Traeger ( (COOK) ) has provided an update.

On March 17, 2026, Traeger effected a 1-for-50 reverse stock split of its common stock by filing a certificate of amendment to its Delaware charter, with trading on a split-adjusted basis beginning on the NYSE on March 18 under the existing COOK symbol and a new CUSIP. The move, approved by shareholders on March 2 and finalized by the board on March 12, consolidated every 50 outstanding shares into one while leaving authorized share counts and par value unchanged, and holders otherwise entitled to fractional shares will instead receive cash, a step aimed at addressing the company’s NYSE non-compliance and stabilizing its market listing.

The reverse split may help Traeger regain compliance with the exchange’s minimum share-price requirements and preserve its NYSE listing, an important consideration for investor confidence and liquidity. However, the company cautioned that reactions from stakeholders, ongoing listing-standard risks, and broader competitive and operational challenges could influence the ultimate impact of the capital action on its market position and shareholder base.

The most recent analyst rating on (COOK) stock is a Hold with a $0.57 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.

The score is held down primarily by weak financial fundamentals (persistent losses, declining revenue, and elevated leverage) and bearish technicals (price below key moving averages with negative MACD). Partially offsetting these are improving cash flow and a transition-focused outlook that targets better EBITDA and free cash flow in 2026, though revenue headwinds and tariff/MEATER risks keep the overall profile below average.

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

More about Traeger

Traeger, Inc. operates in the consumer products sector, best known for its wood pellet grills and outdoor cooking equipment marketed under the Traeger brand. The company focuses on recreational and at-home cooking enthusiasts, selling primarily in the North American market through retail, e-commerce, and specialty channels, and its shares are listed on the New York Stock Exchange under the ticker symbol COOK.

Average Trading Volume: 446,070

Technical Sentiment Signal: Sell

Current Market Cap: $82.28M

Learn more about COOK stock on TipRanks’ Stock Analysis page.