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The latest update is out from Traeger ( (COOK) ).
On March 2, 2026, Traeger stockholders approved an amendment allowing a reverse split, and on March 12, 2026, the board set the final ratio at 1-for-50 for all outstanding common shares. The move is designed to lift the company’s per-share trading price, preserve its New York Stock Exchange listing and potentially broaden institutional ownership.
The reverse split is expected to become effective at 5:00 p.m. Eastern Time on March 17, 2026, with split-adjusted trading on the NYSE under the existing “COOK” symbol and new CUSIP 89269P202 beginning March 18, 2026. Shareholders will see their holdings consolidated 50-to-1, with no change to their proportional ownership except where cash is paid in lieu of fractional shares, and equity awards will be adjusted accordingly.
The most recent analyst rating on (COOK) stock is a Hold with a $0.56 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 performance (losses, declining revenue, high leverage) and bearish technicals. Offsetting factors include improving free cash flow and an earnings outlook that highlights cost-savings benefits, though near-term revenue guidance and listing-related overhangs keep risk elevated.
To see Spark’s full report on COOK stock, click here.
More about Traeger
Traeger, Inc., listed on the NYSE under the ticker “COOK,” is a creator and category leader of wood pellet grills, serving the outdoor cooking and grilling market. The company focuses on maintaining and strengthening its brand to drive ongoing demand for its products in a highly competitive consumer goods and outdoor recreation industry.
Average Trading Volume: 416,179
Technical Sentiment Signal: Sell
Current Market Cap: $83.72M
Find detailed analytics on COOK stock on TipRanks’ Stock Analysis page.