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

Traeger, Inc. (NYSE:COOK) has earned a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $2.1250.

Several equities research analysts recently commented on COOK shares. Wall Street Zen cut Traeger from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. B. Riley cut Traeger from a “buy” rating to a “neutral” rating and lowered their price target for the company from $3.00 to $1.50 in a research note on Wednesday, August 13th. Telsey Advisory Group cut their target price on Traeger from $2.00 to $1.75 and set a “market perform” rating on the stock in a report on Thursday, August 7th. Finally, Royal Bank Of Canada cut their target price on Traeger from $1.50 to $1.25 and set a “sector perform” rating on the stock in a report on Thursday, August 7th.

Insider Buying and Selling at Traeger

In related news, CEO Jeremy Andrus acquired 250,000 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were acquired at an average cost of $1.38 per share, with a total value of $345,000.00. Following the purchase, the chief executive officer owned 14,052,354 shares of the company’s stock, valued at approximately $19,392,248.52. The trade was a 1.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 14.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Millennium Management LLC raised its stake in shares of Traeger by 1.1% in the 4th quarter. Millennium Management LLC now owns 407,265 shares of the company’s stock valued at $973,000 after acquiring an additional 4,433 shares in the last quarter. Norden Group LLC raised its stake in shares of Traeger by 27.2% in the 2nd quarter. Norden Group LLC now owns 23,350 shares of the company’s stock valued at $40,000 after acquiring an additional 5,000 shares in the last quarter. Barclays PLC raised its stake in shares of Traeger by 15.9% in the 4th quarter. Barclays PLC now owns 51,987 shares of the company’s stock valued at $124,000 after acquiring an additional 7,126 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Traeger by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 650,725 shares of the company’s stock valued at $1,555,000 after acquiring an additional 7,662 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Traeger by 36.6% in the 4th quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock valued at $80,000 after acquiring an additional 8,933 shares in the last quarter. 46.84% of the stock is owned by institutional investors.

Traeger Trading Down 1.2%

Shares of NYSE COOK opened at $1.25 on Friday. The stock has a market cap of $169.18 million, a price-to-earnings ratio of -4.61 and a beta of 1.44. The business has a 50 day simple moving average of $1.64 and a 200 day simple moving average of $1.67. Traeger has a 52 week low of $1.24 and a 52 week high of $3.97. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.38 and a current ratio of 2.92.

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.