Cole Vandenakker Sells 2,750 Shares of Traeger (NYSE:COOK) Stock

Traeger, Inc. (NYSE:COOK) insider Cole Vandenakker sold 2,750 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $55.30, for a total value of $152,075.00. Following the sale, the insider owned 23,913 shares of the company’s stock, valued at approximately $1,322,388.90. The trade was a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Traeger Trading Up 0.5%

Traeger stock traded up $0.26 during midday trading on Monday, reaching $56.12. The stock had a trading volume of 17,142 shares, compared to its average volume of 44,915. The stock’s 50-day simple moving average is $65.11 and its 200 day simple moving average is $51.72. Traeger, Inc. has a twelve month low of $20.91 and a twelve month high of $86.59. The company has a debt-to-equity ratio of 2.39, a quick ratio of 2.29 and a current ratio of 3.49. The stock has a market capitalization of $157.14 million, a PE ratio of -1.33 and a beta of 1.97.

Traeger (NYSE:COOK) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of ($1.57) by $2.10. The company had revenue of $120.16 million for the quarter, compared to the consensus estimate of $133.20 million. Traeger had a negative return on equity of 13.76% and a negative net margin of 23.23%. Analysts expect that Traeger, Inc. will post -0.3 EPS for the current year.

Institutional Trading of Traeger

Several large investors have recently bought and sold shares of the company. Lido Advisors LLC purchased a new stake in shares of Traeger during the third quarter valued at approximately $27,000. RFP Financial Group LLC purchased a new position in shares of Traeger in the fourth quarter valued at $27,000. Caz Investments LP boosted its stake in shares of Traeger by 100.0% in the fourth quarter. Caz Investments LP now owns 40,000 shares of the company’s stock valued at $43,000 after purchasing an additional 20,000 shares during the period. XTX Topco Ltd acquired a new stake in Traeger during the 2nd quarter valued at $57,000. Finally, Bank of America Corp DE grew its holdings in Traeger by 36.6% during the 4th quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock valued at $80,000 after purchasing an additional 8,933 shares in the last quarter. Institutional investors and hedge funds own 46.84% of the company’s stock.

Wall Street Analysts Forecast Growth

COOK has been the subject of several research reports. Robert W. Baird set a $40.00 price objective on shares of Traeger in a research note on Tuesday, May 12th. Telsey Advisory Group raised their target price on shares of Traeger from $45.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Traeger from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group set a $77.00 price target on shares of Traeger and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, B. Riley Financial reissued a “neutral” rating on shares of Traeger in a research report on Friday, August 7th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Traeger presently has an average rating of “Hold” and an average price target of $50.50.

About Traeger

Traeger, trading on the NYSE under the ticker COOK, is a designer, manufacturer and marketer of wood pellet grills and outdoor cooking appliances. The company’s core product lineup features a range of hardwood-pellet grills that combine wood-fired flavor with digital temperature control. Beyond grills, Traeger offers a suite of accessories—such as grill covers, smoking woods, meat probes and recipe rubs—as well as outdoor kitchen solutions designed to serve both consumer and light-commercial segments.

Founded in 1985 by Joe Traeger, the brand pioneered the wood-pellet grilling category.