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Home Blog Page 8610

What to Expect From Traeger’s Q4 Earnings Tomorrow?

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RBC Capital analyst provided their outlook on Traeger, Inc. (NYSE:COOK) ahead of the company’s upcoming Q4 earnings announcement tomorrow after the market close, noting they still expect fundamental pressure.
The analyst expects Q4 net sales of $120.7 million (vs. Street’s $118.5 million) and EBITDA of -$5.1 million (vs. Street’s -$2.6 million). According to the analysts, the economic environment continues to be difficult for discretionary items, which will continue to impact the company’s sell-in (as retailers destock) and sell-through (as demand remains moderate).
While these pressures are expected to last through H1/23 and delay margin recovery, the outlook for H2/23 is slightly better given that the company will lap retailer destocking efforts and benefit from easing input costs.
Overall, the analysts remain on the sidelines until there is greater clarity regarding retail inventory levels and macro factors impacting the grilling category.

First Four: Texas Southern-FDU Preview, Odds & Trends


A pair of unheralded conference champions meet for a chance to battle top-seeded Purdue when Fairleigh Dickinson battles Texas Southern in a First Four play-in game Wednesday in Dayton, Ohio.

Despite losing the Northeast Conference championship 67-66 to top-seeded Merrimack, Fairleigh Dickinson (19-15) earned the conference’s automatic bid since Merrimack, making a transition into Division I, is still not eligible for the NCAA Tournament.

In their NEC semifinal win that clinched an NCAA Tournament berth, the Knights rolled over St. Francis (Pa.) 70-50 to earn their seventh trip to the NCAA Tournament.

The Knights are appearing in their third NCAA tournament in eight years. The Knights have been a No. 16 seed in five of their six previous trips to the tournament, losing all five times to a No. 1 seed.

FDU’s last trip to Ohio resulted in the program’s first-ever win in March Madness as the Knights beat Prairie View A&M 82-76 in a First Four play-in contest in 2019.

“We are excited for our players, program, university and campus community to make it to the NCAA tournament,” first-year coach Tobin Anderson said. “This is the goal of every college program when we all start in the fall. It’s an incredible accomplishment and we are excited to begin to play this week.”

Texas Southern opened as a 1.5-point favorite at BetMGM but the line has moved to 2.5 with the Tigers being backed by 63 percent of the spread-line bets and 77 percent of the money. While FDU’s +120 moneyline has drawn 54 percent of the bets, Texas Southern’s -145 odds have been backed by 69 percent of the money.

Demetre Roberts leads four FDU players averaging in double digits, scoring 16.7 points per game. Grant Singleton averages 14.3 points, Ansley Almonor is scoring 13.9 ppg and Joe Mundon Jr. averages 10.4 ppg.

Texas Southern (14-20) is riding an unexpected wave into the NCAA field. Standing just 11-20 heading into the Southwestern Athletic Conference tourney, the Tigers came out of nowhere as a No. 8 seed in the conference to shock No. 1 Alcorn State and No. 2 Grambling on their way to a third consecutive SWAC title, its seventh since 2014 and 11th overall.

Texas Southern head coach Johnny Jones believes the difficult road through to a conference championship is good preparation for the test his team will face in Dayton.

“To be able to beat Alcorn and Grambling is very tough. I couldn’t be more excited to bring a three-peat championship to Houston (site of the Final Four) and cut the nets down in Birmingham (site of the SWAC tournament),” Jones said.

“This championship is at the top. We were the last team to qualify for the (SWAC) tournament. We had to play three road games at the end. We battled through the No. 1 and 2 seed. It’s hard work. These guys put in the hard work, and they get to see the fruits of their labor.”

Texas Southern raced out to a 22-5 lead over Grambling in the first half before settling for a 31-18 halftime lead. Grambling rallied in the second half, briefly tying it 43-43 with 7:12 left before senior guard PJ Henry saved the day for Texas Southern with 11 points over the final 6:08.

Henry was named MVP of the tournament. He scored 19 points overall in the final while connecting on 4-of-8 from behind the arc, including a pair of clutch 3-pointers in the closing minutes.

The Over/Under opened at 146.5 points at BetMGM and has since shifted a tick higher to 147.5, with the Under drawing 53 percent of the bets while the Over has been backed by 55 percent of the money.

–Field Level Media

Furman, Kent State and popular NCAA Tournament underdogs


A pair of No. 13 seeds are among the underdogs drawing heavy action at sportsbooks ahead of the NCAA Tournament Round of 64 on Thursday.

Furman, the No. 13 seed in the South region with a first-round matchup with No. 4 seed Virgina, is first the most heavily bet team against the spread at BetMGM, leading in total handle and tickets.

Furman (+5.5) faces Virginia on Thursday afternoon. The public sees Virginia as an upset candidate due to analytics that pick at the Cavaliers’ slower pace of play and late-February losses to Boston College and North Carolina, two non-tournament teams.

The Paladins won the Southern Conference championship and enter March Madness having won 14 of their past 15 games. They raked in 73 percent of the total bets and 82 percent of the handle in their matchup with Virginia, according to BetMGM numbers.

It was a similar story at BetRivers, where Furman had drawn 78 percent of the money against the spread as of Tuesday.

Kent State, the No. 13 seed in the Midwest, is piquing the public’s interest in a matchup with No. 4 seed Indiana.

Kent State’s line opened at +6.5 at BetMGM before quickly moving to +4.5, as the Golden Flashes had amassed 72 percent of the tickets and 81 percent of the handle by Tuesday. BetRivers reported Kent State earning 58 percent of the tickets and 77 percent of the handle ATS, and DraftKings Sportsbook noted that 37 percent of the bets and 47 percent of the money had been placed on Kent State to pull off the upset in money line betting.

The Golden Flashes won the MAC title with a 93-78 thrashing of top-seeded Toledo and finished the season 28-6. On Friday night they’ll get a crack at Indiana, a strong team that nevertheless experienced an up-and-down season with a few blowout losses in Big Ten action.

BetRivers also noted Tuesday that No. 14 seed Kennesaw State (+11) was the most wagered-upon first-round play in terms of total handle. Kennesaw State is set to face No. 3 seed Xavier in the Midwest region Friday, and with the Musketeers allowing 74.1 points per game this season, the public bet nearly 87 percent of the money on the Owls to keep it within 11 points in their first NCAA Tournament appearance all-time.

–Field Level Media

Reports: Juan Dixon won’t return as Coppin State coach


Juan Dixon is out as the basketball coach at Coppin State.

Dixon told Stadium on Tuesday that the school had parted ways with him.

A Baltimore native, Dixon played at Maryland and led the Terrapins to the 2002 NCAA championship. Following seven NBA seasons, he transitioned to coaching, first as a special assistant to former Maryland coach Mark Turgeon. Then Dixon became the head coach of the University of the District of Columbia women’s team in 2016-17.

Coppin State, in Baltimore, hired Dixon in 2017. He compiled a 51-131 overall record (37-51 Mid-Eastern Athletic Conference). He never had a winning record in six seasons, and the Eagles finished 9-23 (4-10 MEAC) this past season.

Their season ended with 73-56 loss to Norfolk State in the MEAC tournament last Thursday.

Dixon, 44, also is featured on “The Real Housewives of Potomac” with his wife, Robyn.

–Field Level Media

Eastern Washington earns late win over Wazzu in NIT


Steele Venters’ 3-pointer with 16 seconds remaining proved to be the game-winner as Eastern Washington scored the final nine points en route to an 81-74 first-round NIT win over Washington State on Tuesday in Pullman, Wash.

Venters closed his game-high 27-point performance with a flourish, scoring seven points over the final 2:23, including the difference-making 3-pointer in the closing moments.

Eastern Washington (23-10), the regular-season Big Sky Conference champion, pulled ahead 77-74 on Venters’ bucket, but needed a stop against a Washington State side that was red-hot from beyond the arc most of the night.

The Cougars (17-17) connected on 14 of their 30 3-point attempts, with DJ Rodman, Jabe Mullins, TJ Bamba and Andrej Jakimovksi each making three.

But Washington State’s final two attempts by Rodman, preceding Venters’ successful triple, and Jakimovski with eight seconds remaining, both fell short.

The Cougars made one last furious effort, intentionally fouling to send Venters to the free-throw line. Despite no other Eagle being lined up at the key, Venters grabbed his own rebound on the missed front end of a one-and-one, forcing another Washington State foul and effectively closing out the win.

The rebound was the third of Venters’ night to go along with three assists, a steal and a block. Venters’ rejection of Bamba on a driving layup attempt came with less than five minutes to go during a furious Eastern Washington rally.

Despite leading by nine points at halftime, the Eagles fell behind by nine at the 10:35 mark. Eastern Washington erased the deficit to retake the lead, but neither team led by more than two points for the ensuing nearly eight minutes until Venters’ game-winning 3-pointer.

Tyreese Davis and Angelo Allegri each scored 12 points for the Eagles.

Rodman led Washington State with 23 points. Bamba and Mullins each finished with 15, and Jakimovski scored 11. Rodman led all players with eight rebounds.

–Field Level Media

Colorado clips Seton Hall in NIT first round


Julian Hammond III hit a layup 20 seconds left and Colorado survived a poor-shooting night to defeat Seton Hall 65-64 in their first-round game of the NIT in Boulder, Colo., on Tuesday night.

Jalen Gabbidon drew a crowd and passed to Hammond, who had an easy path to the bucket for the third-seeded Buffaloes (18-16). Colorado shot only 38.9 percent, although it hit 10 of 18 3-pointers.

Ethan Wright scored a season-high 18 points, including 4 of 6 3-pointers, to lead the Buffaloes, who will play the winner of the New Mexico-Utah Valley game, which is set for Wednesday night.

Tristan da Silva finished with 15 points for Colorado, although he made just 5 of 16 from the field. Hammond scored 10 points, and Luke O’Brien had eight points and 14 rebounds.

KC Ndefo netted 18 points, also his season high, for Seton Hall (17-16). Ndefo’s three-point play gave the Pirates a 64-63 lead with 32 seconds left, but Colorado scored after a timeout. Seton Hall’s last gasp ended when Femi Odukale missed a layup with three seconds left and Wright ended up with the rebound.

The Pirates’ Tyrese Samuel scored 12 of his 16 points in the second half and finished with 11 rebounds, and Al-Amir Dawes added 13 points.

Seton Hall shot just 36.7 percent but couldn’t match Colorado’s long-range success, hitting just 4 of 18.

Colorado played its fourth straight game without its second-leading scorer, KJ Simpson (15.9 points per game), who was diagnosed with mononucleosis.

After trailing by six at halftime, Seton Hall found its shooting stroke, tying the game at 40-40 on Samuel’s dunk with 14:18 to play.

The Pirates opened up a five-point lead, but Colorado knotted the game at 51-51 on O’Brien’s layup with 8:09 left.

The Buffaloes warmed up enough in the first half to hit four of their final five 3-point attempts and lead 33-27 at the break. They shot 38.5 percent but 55.6 percent (5 of 9) from long range. Wright nailed 3 of 5 treys and led all scorers with 13 in the half.

Dawes scored eight to lead Seton Hall, which shot only 24.2 percent from the floor and 18.2 percent (2 of 11) from behind the arc.

–Field Level Media

Wolves’ Karl-Anthony Towns (calf) due back in ‘coming weeks’


The Minnesota Timberwolves provided a vague injury update on star forward/center Karl-Anthony Towns, saying Wednesday that the three-time All-Star is due back in the “coming weeks.”

Towns has been out with a right calf strain since Nov. 28. The regular season also ends in the coming weeks, April 9. The Timberwolves enter Wednesday’s action as the No. 7 seed in the Western Conference, which would put them in the postseason play-in tournament.

Towns was expected to miss four to six weeks when the injury occurred.

“Towns is continuing to progress in his rehabilitation program and has been participating in basketball activities,” the team said in a news release. “He is expected to return in the coming weeks and further updates to his playing status will be provided when available.”

In 21 games (all starts) this season, Towns is averaging 20.8 points on 50.5 percent shooting to go with 8.2 rebounds and 5.3 assists per game.

The first overall pick of the 2015 NBA Draft, Towns is in his eighth season with Minnesota. He has career averages of 23.1 points, 11.2 rebounds and 3.2 assists in 503 games (all starts).

–Field Level Media

Banged-up Mavs attempt to bounce back vs. Spurs


If the Dallas Mavericks could have selected a team to oppose as they attempt to end a three-game losing streak, they might have chosen the San Antonio Spurs, their host in a Wednesday night contest.

But the Spurs — even though they already are eliminated from postseason consideration — have been playing better of late, winning four of their past seven games. Included in that stretch was a victory over the Western Conference-leading Denver Nuggets.

Dallas’ skid includes back-to-back losses to the short-handed Memphis Grizzlies in an away-home series on Saturday and Monday. The latest setback, 104-88, came with the Mavericks missing Kyrie Irving (right foot soreness), Luka Doncic (left thigh strain) and Christian Wood (right foot soreness).

Jaden Hardy led the Mavericks with 28 points while Josh Green had 23.

Doncic already was ruled out for Wednesday’s game, while Irving, Wood and Tim Hardaway Jr. (left calf contusion) were listed as questionable.

“Our health, this is what we have,” Dallas coach Jason Kidd said. “This is the cards we’re dealt, just like anybody in this league. We got to play with the cards we have. We’ll continue to keep fighting, continue to keep working.

“If we can get healthy, it puts us in a position to have success.”

The Mavericks are in a three-way tie for eighth place in the Western Conference, two games out of sixth place, the last position that avoids the play-in tournament.

The Spurs will play the second of a home back-to-back that began with a rousing 132-114 victory over the Orlando Magic on Tuesday.

Jeremy Sochan led the way with 29 points and 11 rebounds, but the real story was that San Antonio, which came into the game ranked 26th in the league in 3-point-shooting percentage, hit a franchise-record 22 treys on 41 attempts.

Zach Collins added 25 points for San Antonio, with Doug McDermott and Devonte’ Graham hitting for 15 each.

The Spurs had a season-high 39 assists, nine of them from Graham, and won for the second time in three games despite playing without starters Keldon Johnson (left foot soreness) and Tre Jones (illness).

“We had a lot of guys play well,” San Antonio coach Gregg Popovich said. “If you make 22 threes, you’re gonna have a pretty damn good night. That’s just the way the rules are. We don’t do that very often, but it was fun to watch.”

The Spurs led 98-89 heading into the fourth quarter after shooting 54.5 percent from the floor and 58.6 percent from 3-point range through the first three periods. Orlando got within six points with 6:28 to play before San Antonio scored the next seven points to clinch the win.

“I think it’s a little bit of good karma,” Collins said of the victory. “It’s a little bit of us continuing to stay in a gym to work and shoot. There’s a lot of not being afraid to shoot. You know, we’ve had a lot of games where we got the same looks we got tonight and we weren’t able to knock them down.”

The Mavericks won the first two games in the season series, 126-125 in San Antonio on Dec. 31 and 142-116 in Dallas on Feb. 23. The teams will face off in their regular-season finale at Dallas on April 9.

–Field Level Media

Ailing Anthony Davis (foot) will sit out Lakers’ game vs. Rockets


The Los Angeles Lakers will shoot for their fifth win in six games on Wednesday night when they visit the Houston Rockets, but the Lakers will be without both of their stars.

LeBron James, who hasn’t played since Feb. 26, remains sidelined for at least another week due to a right foot tendon injury.

Anthony Davis, who has been carrying the team in James’ absence, will sit out Wednesday as the Lakers complete a set of back-to-back games.

Davis paired 35 points with 17 rebounds in a 123-108 road victory over the New Orleans Pelicans on Tuesday. Afterward, Lakers coach Darvin Ham said the team would sit Davis for the Houston game due to lingering issues with a right foot ailment that kept Davis out from mid-December to late January.

“It’s just one of those things where even though he’s playing pain-free, it’s still an active injury, so we have to monitor it and stick to the plan, as we always have done,” Ham said. “And just go out there with our other guys and try to get a W and finish the trip the right way.”

Davis wasn’t thrilled by the team’s decision to give him a night off.

“I mean, it’s tough,” he said. “Especially because each game, obviously, you want to go out and play. But before I even came back, it’s something the doctors and the organization discussed that they thought it would be best for me not to play back-to-backs …

“It’s still a stress reaction, and we’re doing all the right things to make sure that I’m ready to go, and I still need that day break. Obviously it sucks.”

The Lakers are 9-4 since a series of acquisitions reshaped their roster at the trade deadline. They sank a franchise-record 15 first-half 3-pointers on Tuesday, and they led the Pelicans by as many as 40 points before easing off late in the third period and into the fourth.

Still, the Lakers achieved their foremost goal and moved into a tie for eighth place in the Western Conference alongside the Oklahoma City Thunder and Dallas Mavericks.

The last-place Rockets already are eliminated from playoff contention, but they are getting strong late-season production from rookie forward Jabari Smith Jr.

On Monday, Smith became the first Houston rookie since Hakeem Olajuwon to record three consecutive 20-point, 10-rebound double-doubles when he had 24 points and 11 rebounds in a 111-109 home victory over the Boston Celtics.

Smith matched his career high with five 3-pointers and is averaging 24.7 points and 11 rebounds during his double-double streak. His stretch of improved play extends to the resumption of the season following the All-Star break, as Smith is averaging 14.6 points and 7.6 rebounds in the past 10 games after averaging 12 points an seven boards in the first 55 contests.

“I’m happy for him,” Rockets guard Jalen Green said. “We know the real Jabari, and he’s showing it right now to everybody. To everyone who doubted him — the haters, everyone — he’s showing it right now.”

The Rockets have won three of their past six games following an 11-game losing streak, but they still might finish with the worst record in the NBA for a third consecutive season.

“We’re a work in progress, right?” coach Stephen Silas said. “But when we understand the moment, it’s gratifying as a coach for sure because we’re constantly teaching them. But they need to feel it. As much as we can watch film, as much as we can talk about it, as much as we can write it on the board, there’s no better teaching method than going through it and finding some success at the end like we did (against Boston).”

–Field Level Media

Sixers open trip at Cleveland looking for 6th straight win


The surging Philadelphia 76ers will look for their sixth consecutive victory when they visit the Cleveland Cavaliers on Wednesday.

The Sixers handily defeated the Washington Wizards 112-93 on Sunday, and they will open a three-game road trip in Cleveland.

Joel Embiid registered his sixth straight game with at least 30 points as he accumulated 34 points, eight rebounds, four assists and four blocked shots.

Philadelphia’s James Harden added 18 points and 14 assists for his 31st points-assists double-double this season.

Embiid continued his dominance on the defensive end and also received some much-needed rest by sitting out the fourth quarter with the victory sealed early.

“I’m healthier. It helps a lot,” Embiid said. “And we’re getting to that point in the season where you have to be on point when it comes to everything offensively and defensively. In the past, my defense from the regular season to the playoffs has always gone to another level, so it’s all about trying to build it.

“Like I always say, I’m just working on my game and seeing what works and what doesn’t, but we need that intensity defensively as a team.”

Sixers forward Jalen McDaniels sustained a right hip contusion in the Washington game. He sat out practice on Tuesday, and it was unclear if he would be able to play against the Cavaliers.

“I don’t think it’s serious,” Philadelphia coach Doc Rivers said. “I think he’ll be fine. It’s scary. It looked like he when he first hit it, it was a little scary bump, but it looks like he’ll be OK.”

The Cavaliers will shoot for their third straight win, as they are coming off consecutive road victories over the Charlotte Hornets.

Cleveland won 114-108 on Sunday and followed with a 120-104 triumph on Tuesday.

Evan Mobley put up 26 points in the rematch for the Cavaliers, who were without Donovan Mitchell (finger sprain) and Jarrett Allen (eye contusion).

Cedi Osman scored 24 points, Caris LeVert had 22 and Darius Garland added 19 for Cleveland, which shot 51.1 percent from the floor and 46.7 percent (14 of 30) from 3-point range.

Despite the lack of depth, the Cavaliers had little trouble dispatching the reeling Hornets, though the task will be much tougher against the Sixers.

“Understanding the value of every possession, that’s one of the things that we’ve been talking to the guys about,” Cavaliers coach J.B. Bickerstaff said. “As the games become bigger, more critical, every possession matters. Being able to get a shot on goal matters. When you have guys who can create, who can score, it’s important to put it up on the rim. At least give yourself a chance.”

The Cavaliers should be deeper on Wednesday, as Mitchell is expected to play. Allen has missed two games in a row since getting hurt on Friday against the Miami Heat. He is considered day-to-day, according to Bickerstaff.

“With Jarrett, it is just a matter of how quickly it recovers,” Bickerstaff said. “With eyes, it’s difficult to put a timetable on it.”

–Field Level Media