Traeger (NYSE:COOK) Price Target Lowered to $4.00 at Telsey Advisory Group

Traeger (NYSE:COOK - Free Report) had its target price cut by Telsey Advisory Group from $4.50 to $4.00 in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have an outperform rating on the stock.

Separately, Canaccord Genuity Group lowered their price objective on Traeger from $5.00 to $4.00 and set a buy rating for the company in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $4.38.

Traeger Price Performance

NYSE COOK traded up $0.12 during trading on Thursday, hitting $2.40. 287,922 shares of the company's stock were exchanged, compared to its average volume of 300,014. The company has a current ratio of 1.62, a quick ratio of 0.90 and a debt-to-equity ratio of 1.36. The company has a market cap of $307.54 million, a PE ratio of -4.13 and a beta of 1.07. Traeger has a fifty-two week low of $1.97 and a fifty-two week high of $6.70. The stock's 50 day moving average price is $2.27 and its two-hundred day moving average price is $2.36.

Traeger (NYSE:COOK - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.04). Traeger had a negative return on equity of 20.91% and a negative net margin of 11.26%. The business had revenue of $163.48 million for the quarter, compared to analyst estimates of $153.10 million. Research analysts expect that Traeger will post -0.15 EPS for the current year.

Institutional Trading of Traeger

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in Traeger by 5.0% in the third quarter. Bank of New York Mellon Corp now owns 121,540 shares of the company's stock valued at $332,000 after acquiring an additional 5,752 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Traeger in the fourth quarter valued at approximately $28,000. Blair William & Co. IL boosted its holdings in Traeger by 11.6% in the third quarter. Blair William & Co. IL now owns 98,447 shares of the company's stock valued at $269,000 after acquiring an additional 10,260 shares during the last quarter. SG Americas Securities LLC bought a new stake in Traeger in the first quarter valued at approximately $27,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in Traeger by 96.3% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 28,643 shares of the company's stock valued at $78,000 after acquiring an additional 14,054 shares during the last quarter. 46.84% of the stock is currently owned by institutional investors.

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.