Traeger (NYSE:COOK) Insider Sells $152,075.00 in Stock

Key Points

• Traeger insider Cole Vandenakker sold 2,750 shares at an average price of $55.30, generating $152,075. After the sale, he retained 23,913 shares valued at approximately $1.32 million, a 10.31% reduction in ownership.
• Traeger reported quarterly EPS of $0.53, beating estimates by $2.10, but revenue of $120.16 million fell short of the $133.20 million consensus. The company continues to report negative net margins and analysts expect a full-year loss.
• COOK recently traded at $56.12, while analysts maintain a consensus “Hold” rating with an average price target of $50.50; institutional investors own 46.84% of the company.

Traeger, Inc. (NYSE:COOK - Get Free Report) insider Cole Vandenakker sold 2,750 shares of Traeger 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 transaction, the insider directly owned 23,913 shares of the company's stock, valued at approximately $1,322,388.90. This represents a 10.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Traeger Price Performance

COOK traded up $0.26 during trading on Monday, reaching $56.12. 17,142 shares of the stock were exchanged, compared to its average volume of 44,915. The business's 50 day moving average price is $65.11 and its two-hundred day moving average price is $51.72. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.49 and a quick ratio of 2.29. The company has a market capitalization of $157.14 million, a price-to-earnings ratio of -1.33 and a beta of 1.97. Traeger, Inc. has a 1 year low of $20.91 and a 1 year high of $86.59.

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

Hedge Funds Weigh In On Traeger

Several institutional investors and hedge funds have recently modified their holdings of the company. MYDA Advisors LLC acquired a new position in Traeger in the fourth quarter valued at $173,000. RFP Financial Group LLC acquired a new position in shares of Traeger during the 4th quarter valued at about $27,000. Caz Investments LP lifted its holdings in shares of Traeger by 100.0% during the 4th quarter. Caz Investments LP now owns 40,000 shares of the company's stock worth $43,000 after acquiring an additional 20,000 shares during the period. Williams & Novak LLC boosted its position in shares of Traeger by 16.9% in the fourth quarter. Williams & Novak LLC now owns 95,000 shares of the company's stock worth $103,000 after acquiring an additional 13,700 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Traeger by 24.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 146,409 shares of the company's stock valued at $158,000 after purchasing an additional 28,447 shares during the period. Hedge funds and other institutional investors own 46.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on COOK shares. Piper Sandler restated a "neutral" rating and set a $38.00 price objective on shares of Traeger in a research report on Tuesday, May 12th. Weiss Ratings upgraded Traeger from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, June 8th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $43.00 price target (up from $37.50) on shares of Traeger in a report on Friday, August 7th. Wall Street Zen raised Traeger from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Finally, B. Riley Financial reaffirmed a "neutral" rating on shares of Traeger in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.

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