Dimensional Fund Advisors LP Has $1.14 Million Stock Position in Traeger, Inc. (NYSE:COOK)

Dimensional Fund Advisors LP boosted its holdings in shares of Traeger, Inc. (NYSE:COOK - Free Report) by 84.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 475,411 shares of the company's stock after acquiring an additional 217,771 shares during the quarter. Dimensional Fund Advisors LP owned 0.36% of Traeger worth $1,136,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Barclays PLC grew its stake in 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 buying an additional 7,126 shares during the last quarter. American Century Companies Inc. increased its stake 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 worth $129,000 after purchasing an additional 4,153 shares during the period. Bailard Inc. lifted its position in shares of Traeger by 76.5% during the 4th quarter. Bailard Inc. now owns 72,300 shares of the company's stock worth $173,000 after purchasing an additional 31,344 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Traeger by 758.1% in the 4th quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company's stock valued at $325,000 after buying an additional 120,136 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Traeger by 5.3% in the 4th quarter. Empowered Funds LLC now owns 153,425 shares of the company's stock valued at $367,000 after buying an additional 7,662 shares during the last quarter. 46.84% of the stock is owned by hedge funds and other institutional investors.

Traeger Stock Down 5.8%

Traeger stock opened at $1.38 on Thursday. The firm has a market capitalization of $186.57 million, a price-to-earnings ratio of -3.44 and a beta of 1.43. The company's 50 day simple moving average is $1.53 and its 200 day simple moving average is $2.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.09 and a quick ratio of 1.08. Traeger, Inc. has a fifty-two week low of $1.28 and a fifty-two week high of $3.97.

Analysts Set New Price Targets

COOK has been the subject of several analyst reports. B. Riley restated a "buy" rating and set a $3.00 target price (down previously from $4.00) on shares of Traeger in a research report on Friday, May 2nd. UBS Group set a $2.50 target price on shares of Traeger in a research note on Friday, March 7th. Telsey Advisory Group dropped their target price on shares of Traeger from $2.50 to $2.00 and set a "market perform" rating for the company in a research report on Friday, May 2nd. Morgan Stanley cut their price target on shares of Traeger from $3.00 to $2.50 and set an "underweight" rating for the company in a report on Friday, March 7th. Finally, Piper Sandler decreased their price objective on shares of Traeger from $2.50 to $2.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Traeger has an average rating of "Hold" and an average target price of $2.44.

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.