Jeremy Andrus Purchases 250,000 Shares of Traeger, Inc. (NYSE:COOK) Stock

Traeger, Inc. (NYSE:COOK - Get Free Report) CEO Jeremy Andrus acquired 250,000 shares of the company's stock in a transaction on Thursday, June 5th. The shares were acquired at an average cost of $1.38 per share, for a total transaction of $345,000.00. Following the completion of the acquisition, the chief executive officer now owns 14,052,354 shares of the company's stock, valued at approximately $19,392,248.52. The trade was a 1.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jeremy Andrus also recently made the following trade(s):

• On Friday, June 6th, Jeremy Andrus acquired 176,425 shares of Traeger stock. The shares were bought at an average cost of $1.46 per share, for a total transaction of $257,580.50.
• On Wednesday, June 4th, Jeremy Andrus acquired 300,762 shares of Traeger stock. The stock was purchased at an average price of $1.34 per share, with a total value of $403,021.08.
• On Monday, June 2nd, Jeremy Andrus acquired 3,200 shares of Traeger stock. The shares were purchased at an average cost of $1.37 per share, with a total value of $4,384.00.

Traeger Stock Up 9.3%

COOK traded up $0.13 on Friday, hitting $1.48. The company had a trading volume of 744,101 shares, compared to its average volume of 216,154. Traeger, Inc. has a 52-week low of $1.28 and a 52-week high of $3.97. The stock has a fifty day simple moving average of $1.45 and a 200-day simple moving average of $2.11. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.09 and a quick ratio of 1.08. The firm has a market capitalization of $200.14 million, a P/E ratio of -3.69 and a beta of 1.38.

Wall Street Analysts Forecast Growth

COOK has been the topic of several recent analyst reports. Robert W. Baird cut their price target on shares of Traeger from $3.50 to $2.50 and set a "neutral" rating for the company in a report on Friday, March 7th. Piper Sandler lowered their price objective on Traeger from $2.50 to $2.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Royal Bank of Canada lowered their price target on Traeger from $2.75 to $2.00 and set a "sector perform" rating on the stock in a report on Friday, March 7th. Canaccord Genuity Group cut their price objective on Traeger from $5.00 to $3.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, UBS Group set a $2.50 target price on shares of Traeger in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $2.44.

Hedge Funds Weigh In On Traeger

A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in Traeger by 84.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 475,411 shares of the company's stock valued at $1,136,000 after acquiring an additional 217,771 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Traeger by 758.1% in the fourth quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company's stock worth $325,000 after acquiring an additional 120,136 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Traeger by 36.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 232,052 shares of the company's stock worth $555,000 after purchasing an additional 61,923 shares during the last quarter. Empowered Funds LLC raised its holdings in Traeger by 5.3% in the fourth quarter. Empowered Funds LLC now owns 153,425 shares of the company's stock worth $367,000 after buying an additional 7,662 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Traeger by 15.9% during the fourth 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. Institutional investors own 46.84% of the company's stock.

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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