Traeger CEO Jeremy Andrus acquires $4,375 in common stock

On June 2, Jeremy Andrus, the Chief Executive Officer of Traeger, Inc. (NYSE:COOK), acquired 3,200 shares of the company’s common stock. The shares were purchased at a weighted average price of approximately $1.3672 per share, amounting to a total transaction value of $4,375. The purchase comes as the stock trades near its 52-week low of $1.28, having declined nearly 60% over the past six months. According to InvestingPro analysis, while currently unprofitable, analysts expect the company to return to profitability this year.

Following this acquisition, Andrus holds a total of 13,504,792 shares directly. Additionally, he has indirect holdings through JA Cropston, LLC and JK Andrus Investments, LLC, with 959,107 and 2,585,448 shares, respectively. It’s important to note that Andrus disclaims beneficial ownership of the securities held by these entities, except to the extent of his pecuniary interest. For comprehensive insider trading analysis and 11 additional key insights about COOK, check out the detailed research available on InvestingPro.

In other recent news, Traeger, Inc. reported its first-quarter 2025 earnings, beating analysts’ expectations with an earnings per share (EPS) of $0.05, surpassing the forecast of $0.04. Despite this, the company’s revenue for the quarter was $143 million, slightly below projections, reflecting a 1% decline compared to the same period last year. The company saw a 13% increase in grill sales, while revenues from accessories dropped by 27%. Additionally, Traeger announced a significant restructuring plan aimed at improving profitability and cash flow, which includes workforce reductions and centralization efforts.

S&P Global Ratings revised its outlook for Traeger from stable to negative due to increased exposure to tariff-related challenges, although it maintained the ’B-’ rating. The company is actively working on mitigation strategies, including price increases and cost management, to counter the tariff impacts. Telsey Advisory Group adjusted its outlook on Traeger, lowering the 12-month price target from $2.50 to $2.00, while maintaining a Market Perform rating, citing potential industry headwinds and tariff impacts.

At its annual meeting, Traeger shareholders elected Class I directors and ratified Ernst & Young LLP as the independent auditors for the fiscal year ending December 31, 2025. These developments reflect ongoing challenges and strategic adjustments as Traeger navigates a complex economic environment.

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