|Bid||3.7700 x 1200|
|Ask||3.8500 x 1200|
|Day's Range||3.6100 - 4.1200|
|52 Week Range||2.8750 - 28.4500|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 10, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.89|
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The grill replenishment rate is so low that outdoor cooking companies Traeger and Weber are initiating inventory control measures.
Rating Action: Moody's changes Traeger's outlook to negative; affirms B3 CFRGlobal Credit Research - 16 Aug 2022New York, August 16, 2022 -- Moody's Investors Service ("Moody's") affirmed TGP Holdings III LLC's (Traeger) ratings including its Corporate Family Rating (CFR) at B3, Probability of Default Rating (PDR) at B3-PD, and the B3 rating of the company's senior secured first lien credit facility. Moody's downgraded the company's Speculative Grade Liquidity rating to SGL-3 from SGL-2 and the outlook is negative.The negative outlook reflects Traeger's very high financial leverage due to the company's continued deterioration of profitability and cash flows amid a challenging operating environment and weakening consumer demand.
The plan follows a third-straight quarter in which losses were wider than expected, while sales topped recently lowered expectations