Nuveen Asset Management LLC Has $721,000 Stock Holdings in Traeger, Inc. (NYSE:COOK)

Nuveen Asset Management LLC decreased its position in Traeger, Inc. (NYSE:COOK - Free Report) by 65.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,636 shares of the company's stock after selling 581,097 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.23% of Traeger worth $721,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Traeger by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,081,364 shares of the company's stock valued at $2,585,000 after purchasing an additional 4,445 shares during the period. Bridgeway Capital Management LLC increased its position in Traeger by 1.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 650,725 shares of the company's stock worth $1,555,000 after acquiring an additional 7,662 shares during the period. Dimensional Fund Advisors LP increased its position in Traeger by 84.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 475,411 shares of the company's stock worth $1,136,000 after acquiring an additional 217,771 shares during the period. Charles Schwab Investment Management Inc. increased its position in Traeger by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 446,943 shares of the company's stock worth $1,068,000 after acquiring an additional 4,246 shares during the period. Finally, Millennium Management LLC increased its position in Traeger by 1.1% during the fourth quarter. Millennium Management LLC now owns 407,265 shares of the company's stock worth $973,000 after acquiring an additional 4,433 shares during the period. Institutional investors own 46.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on COOK shares. Telsey Advisory Group lowered their price target on shares of Traeger from $2.50 to $2.00 and set a "market perform" rating on the stock in a report on Friday, May 2nd. B. Riley reissued a "buy" rating and issued a $3.00 price target (down previously from $4.00) on shares of Traeger in a report on Friday, May 2nd. Morgan Stanley lowered their price target on shares of Traeger from $3.00 to $2.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. Piper Sandler lowered their price target on shares of Traeger from $2.50 to $2.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Royal Bank of Canada reduced their target price on shares of 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 research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $2.44.

Traeger Trading Up 1.1%

NYSE:COOK opened at $1.36 on Friday. Traeger, Inc. has a twelve month low of $1.28 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. The business has a 50 day moving average price of $1.45 and a two-hundred day moving average price of $2.11. The company has a market cap of $183.86 million, a P/E ratio of -3.39 and a beta of 1.38.

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.

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