Telsey Advisory Group Cuts Traeger (NYSE:COOK) Price Target to $2.00

Traeger (NYSE:COOK - Get Free Report) had its price target lowered by equities research analysts at Telsey Advisory Group from $2.50 to $2.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm currently has a "market perform" rating on the stock. Telsey Advisory Group's price objective would suggest a potential upside of 36.13% from the stock's previous close.

A number of other analysts have also issued reports on the company. Robert W. Baird cut their target price on Traeger from $3.50 to $2.50 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada cut their price objective on Traeger from $2.75 to $2.00 and set a "sector perform" rating on the stock in a report on Friday, March 7th. Morgan Stanley lowered their target price on Traeger from $3.00 to $2.50 and set an "underweight" rating for the company in a report on Friday, March 7th. UBS Group set a $2.50 price target on shares of Traeger in a research note on Friday, March 7th. Finally, Canaccord Genuity Group lowered their price objective on shares of Traeger from $5.00 to $3.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $2.44.

Traeger Trading Down 0.7 %

COOK traded down $0.01 during trading hours on Friday, reaching $1.47. The company's stock had a trading volume of 559,810 shares, compared to its average volume of 211,026. The stock has a market cap of $191.95 million, a PE ratio of -3.67 and a beta of 1.42. Traeger has a fifty-two week low of $1.32 and a fifty-two week high of $3.97. 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 business's 50-day moving average is $1.70 and its 200-day moving average is $2.37.

Traeger (NYSE:COOK - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The business had revenue of $143.28 million during the quarter, compared to analyst estimates of $140.63 million. Traeger had a negative net margin of 8.53% and a negative return on equity of 10.57%. As a group, equities research analysts predict that Traeger will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Traeger by 84.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 475,411 shares of the company's stock valued at $1,136,000 after purchasing an additional 217,771 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Traeger by 758.1% in the fourth quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company's stock valued at $325,000 after buying an additional 120,136 shares during the last quarter. Bosun Asset Management LLC lifted its holdings in Traeger by 267.7% during the 4th quarter. Bosun Asset Management LLC now owns 95,235 shares of the company's stock worth $228,000 after buying an additional 69,335 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Traeger by 36.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 232,052 shares of the company's stock worth $555,000 after acquiring an additional 61,923 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Traeger in the 4th quarter valued at about $141,000. Hedge funds and other 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.