Traeger’s (COOK) Market Perform Rating Reiterated at Telsey Advisory Group

Traeger (NYSE:COOK)‘s stock had its “market perform” rating reissued by investment analysts at Telsey Advisory Group in a research report issued on Monday,Benzinga reports. They presently have a $2.50 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 67.22% from the stock’s previous close.

Several other research firms have also issued reports on COOK. UBS Group set a $2.50 price target on shares of Traeger in a research report on Friday, March 7th. Piper Sandler cut their target price on Traeger from $3.75 to $2.50 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada cut their price objective on Traeger from $2.75 to $2.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Morgan Stanley cut their price target on shares of Traeger from $3.00 to $2.50 and set an “underweight” rating on the stock in a report on Friday, March 7th. Finally, Robert W. Baird cut their target price on shares of Traeger from $3.50 to $2.50 and set a “neutral” rating on the stock in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.79.

Traeger Stock Down 1.6 %

COOK opened at $1.50 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.08 and a current ratio of 2.09. The company has a market capitalization of $195.32 million, a PE ratio of -3.74 and a beta of 1.42. The stock’s fifty day moving average is $2.11 and its 200-day moving average is $2.68. Traeger has a one year low of $1.44 and a one year high of $3.97.

Institutional Investors Weigh In On Traeger

A number of large investors have recently added to or reduced their stakes in COOK. American Century Companies Inc. raised its position in shares of Traeger by 8.3% in the fourth quarter. American Century Companies Inc. now owns 53,950 shares of the company’s stock valued at $129,000 after purchasing an additional 4,153 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Traeger by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 446,943 shares of the company’s stock worth $1,068,000 after acquiring an additional 4,246 shares during the period. Millennium Management LLC lifted its position in Traeger by 1.1% during the 4th quarter. Millennium Management LLC now owns 407,265 shares of the company’s stock worth $973,000 after acquiring an additional 4,433 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Traeger by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,081,364 shares of the company’s stock valued at $2,585,000 after acquiring an additional 4,445 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in shares of Traeger by 70.9% in the third quarter. Public Employees Retirement System of Ohio now owns 16,883 shares of the company’s stock valued at $62,000 after purchasing an additional 7,006 shares during the last quarter. Institutional investors own 46.84% of the company’s stock.

Traeger Company Profile

Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbecue grills for retailers, distributors, and direct to consumers in the United States. Its wood pellet grills are internet of things devices that allow owners to program, monitor, and control their grill through its Traeger app.