Traeger, Inc. (NYSE:COOK) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in Traeger, Inc. (NYSE:COOK - Free Report) by 84.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 475,411 shares of the company's stock after purchasing an additional 217,771 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.36% of Traeger worth $1,136,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in COOK. Barclays PLC raised its position in shares of Traeger by 271.7% in the 3rd quarter. Barclays PLC now owns 44,861 shares of the company's stock worth $166,000 after acquiring an additional 32,793 shares in the last quarter. Empowered Funds LLC grew its stake in Traeger by 5.3% in the fourth quarter. Empowered Funds LLC now owns 153,425 shares of the company's stock valued at $367,000 after purchasing an additional 7,662 shares during the last quarter. Bailard Inc. raised its holdings in Traeger by 76.5% in the fourth quarter. Bailard Inc. now owns 72,300 shares of the company's stock worth $173,000 after purchasing an additional 31,344 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Traeger by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 446,943 shares of the company's stock valued at $1,068,000 after buying an additional 4,246 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Traeger by 8.3% in the 4th quarter. American Century Companies Inc. now owns 53,950 shares of the company's stock valued at $129,000 after buying an additional 4,153 shares in the last quarter. Hedge funds and other institutional investors own 46.84% of the company's stock.

Traeger Stock Performance

Traeger stock traded down $0.13 during mid-day trading on Monday, reaching $1.43. 320,048 shares of the company traded hands, compared to its average volume of 216,761. 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. The company has a market capitalization of $193.36 million, a price-to-earnings ratio of -3.56 and a beta of 1.43. The firm's fifty day moving average is $1.55 and its two-hundred day moving average is $2.26.

Wall Street Analysts Forecast Growth

Several research firms recently commented on COOK. Canaccord Genuity Group reduced their price objective on shares of Traeger from $5.00 to $3.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley decreased their price objective on Traeger from $3.00 to $2.50 and set an "underweight" rating for the company in a report on Friday, March 7th. UBS Group set a $2.50 target price on Traeger in a research note on Friday, March 7th. Telsey Advisory Group decreased their price target on Traeger from $2.50 to $2.00 and set a "market perform" rating for the company in a research note on Friday, May 2nd. Finally, Royal Bank of Canada dropped 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $2.44.

About Traeger

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.