Traeger, Inc. (NYSE:COOK) Receives Average Recommendation of “Hold” from Brokerages

Shares of Traeger, Inc. (NYSE:COOK) have been assigned an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $2.79.

A number of brokerages have weighed in on COOK. Robert W. Baird cut their price objective on shares of Traeger from $3.50 to $2.50 and set a “neutral” rating on the stock in a report on Friday, March 7th. Royal Bank of Canada cut their price target on Traeger from $2.75 to $2.00 and set a “sector perform” rating on the stock in a research note on Friday, March 7th. Telsey Advisory Group reiterated a “market perform” rating and set a $2.50 price objective on shares of Traeger in a research note on Monday. Canaccord Genuity Group cut their target price on Traeger from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Morgan Stanley lowered their price target on Traeger from $3.00 to $2.50 and set an “underweight” rating for the company in a research report on Friday, March 7th.

Hedge Funds Weigh In On Traeger

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Graham Capital Management L.P. purchased a new position in shares of Traeger during the fourth quarter valued at approximately $37,000. Quadrature Capital Ltd bought a new position in shares of Traeger during the 3rd quarter valued at $50,000. Public Employees Retirement System of Ohio boosted its stake in shares of Traeger by 70.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,883 shares of the company’s stock worth $62,000 after buying an additional 7,006 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Traeger by 202.8% in the fourth quarter. Two Sigma Advisers LP now owns 32,100 shares of the company’s stock worth $77,000 after acquiring an additional 21,500 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in Traeger during the fourth quarter valued at $78,000. Institutional investors own 46.84% of the company’s stock.

Traeger Trading Up 2.0 %

NYSE COOK opened at $1.52 on Tuesday. The firm has a market capitalization of $198.59 million, a PE ratio of -3.80 and a beta of 1.42. The stock’s 50 day moving average is $2.09 and its 200 day moving average is $2.67. Traeger has a twelve month low of $1.37 and a twelve month high of $3.97. The company has a quick ratio of 1.08, a current ratio of 2.09 and a debt-to-equity ratio of 1.42.

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.