Traeger, Inc. (NYSE:COOK) CEO Buys $345,000.00 in Stock

Traeger, Inc. (NYSE:COOK - Get Free Report) CEO Jeremy Andrus acquired 250,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was bought at an average cost of $1.38 per share, with a total value of $345,000.00. Following the acquisition, the chief executive officer now owns 14,052,354 shares in the company, valued at approximately $19,392,248.52. This trade represents a 1.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, June 6th, Jeremy Andrus acquired 176,425 shares of Traeger stock. The stock was bought at an average cost of $1.46 per share, with a total value of $257,580.50.
• On Wednesday, June 4th, Jeremy Andrus acquired 300,762 shares of Traeger stock. The stock was bought at an average cost 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 stock was bought at an average cost of $1.37 per share, with a total value of $4,384.00.

Traeger Price Performance

Traeger stock traded up $0.40 during trading on Monday, reaching $1.87. The company had a trading volume of 7,377,689 shares, compared to its average volume of 244,944. The firm's 50-day simple moving average is $1.44 and its 200 day simple moving average is $2.08. Traeger, Inc. has a 1-year low of $1.28 and a 1-year high of $3.97. The firm has a market capitalization of $253.06 million, a PE ratio of -4.66 and a beta of 1.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.08 and a current ratio of 2.09.

Institutional Investors Weigh In On Traeger

A number of institutional investors have recently added to or reduced their stakes in COOK. Empowered Funds LLC grew its stake 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 acquiring an additional 7,662 shares during the period. Bailard Inc. raised its holdings in shares of Traeger by 76.5% during the fourth quarter. Bailard Inc. now owns 72,300 shares of the company's stock valued at $173,000 after acquiring an additional 31,344 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Traeger by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 446,943 shares of the company's stock valued at $1,068,000 after acquiring an additional 4,246 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Traeger by 8.3% during the fourth quarter. American Century Companies Inc. now owns 53,950 shares of the company's stock valued at $129,000 after acquiring an additional 4,153 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Traeger by 758.1% during the fourth quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company's stock valued at $325,000 after acquiring an additional 120,136 shares during the last quarter. Institutional investors and hedge funds own 46.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Robert W. Baird decreased their price objective on Traeger from $3.50 to $2.50 and set a "neutral" rating for the company in a report on Friday, March 7th. Canaccord Genuity Group decreased 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. 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. Telsey Advisory Group decreased their price objective on Traeger from $2.50 to $2.00 and set a "market perform" rating for the company in a report on Friday, May 2nd. Finally, Royal Bank of Canada reduced their price target on Traeger from $2.75 to $2.00 and set a "sector perform" rating for the company in a report on Friday, March 7th. One equities 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 stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.