Traeger (NYSE:COOK) Price Target Cut to $2.00 by Analysts at Telsey Advisory Group

Traeger (NYSE:COOK - Get Free Report) had its price objective cut 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 presently has a "market perform" rating on the stock. Telsey Advisory Group's price target suggests a potential upside of 49.81% from the company's previous close.

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

Traeger Price Performance

Shares of NYSE COOK traded down $0.02 during midday trading on Friday, hitting $1.34. The company had a trading volume of 68,966 shares, compared to its average volume of 211,822. Traeger has a twelve month low of $1.29 and a twelve month high of $3.97. The company has a quick ratio of 1.08, a current ratio of 2.09 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $174.42 million, a price-to-earnings ratio of -3.34 and a beta of 1.43. The business has a 50-day simple moving average of $1.66 and a two-hundred day simple moving average of $2.35.

Institutional Trading of Traeger

Several large investors have recently bought and sold shares of the company. Barclays PLC grew its holdings in Traeger by 271.7% during the 3rd quarter. Barclays PLC now owns 44,861 shares of the company's stock valued at $166,000 after purchasing an additional 32,793 shares in the last quarter. Empowered Funds LLC boosted its holdings in Traeger by 5.3% in the fourth quarter. Empowered Funds LLC now owns 153,425 shares of the company's stock valued at $367,000 after purchasing an additional 7,662 shares during the last quarter. Bailard Inc. increased its holdings in Traeger by 76.5% during the 4th quarter. Bailard Inc. now owns 72,300 shares of the company's stock worth $173,000 after purchasing an additional 31,344 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Traeger by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 446,943 shares of the company's stock valued at $1,068,000 after purchasing an additional 4,246 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Traeger by 8.3% during the 4th quarter. American Century Companies Inc. now owns 53,950 shares of the company's stock valued at $129,000 after buying an additional 4,153 shares during the last quarter. Institutional investors and hedge funds 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.