Added to YB: 2025-06-12
Pitch date: 2025-06-10
COOK [bullish]
Traeger, Inc.
-46.03%
current return
Author Info
Company Info
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.
Market Cap
$252.4M
Pitch Price
$1.89
Price Target
5.96 (+437%)
Dividend
N/A
EV/EBITDA
10.40
P/E
-7.78
EV/Sales
1.14
Sector
Household Durables
Category
turnaround
Razorblades Up In Smoke; Traeger Grills $COOK
COOK: CEO bought $3M shares Apr-Jun. Wood pellets = 21% of revenue (60% from grills), but likely 100% of $48M EBITDA. $403M debt at SOFR+3%, reduced $50M over 2yrs. Return to peak $780M rev & 1x P/S = $5.96/sh. Potential 2-3x upside in next consumer cycle. Risk: PE share overhang.
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