Traeger, Inc. (NYSE:COOK) CEO Jeremy Andrus Buys 300,762 Shares

Traeger, Inc. (NYSE:COOK - Get Free Report) CEO Jeremy Andrus acquired 300,762 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was acquired at an average cost of $1.34 per share, with a total value of $403,021.08. Following the completion of the purchase, the chief executive officer now owns 13,805,554 shares of the company's stock, valued at $18,499,442.36. This trade represents a 2.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, June 6th, Jeremy Andrus bought 176,425 shares of Traeger stock. The shares were acquired at an average cost of $1.46 per share, for a total transaction of $257,580.50.
• On Thursday, June 5th, Jeremy Andrus purchased 250,000 shares of Traeger stock. The stock was acquired at an average cost of $1.38 per share, with a total value of $345,000.00.
• On Monday, June 2nd, Jeremy Andrus acquired 3,200 shares of Traeger stock. The shares were acquired at an average price of $1.37 per share, for a total transaction of $4,384.00.

Traeger Stock Performance

Shares of Traeger stock traded up $0.13 on Friday, reaching $1.48. 744,101 shares of the stock were exchanged, compared to its average volume of 216,154. The company has a quick ratio of 1.08, a current ratio of 2.09 and a debt-to-equity ratio of 1.42. Traeger, Inc. has a twelve month low of $1.28 and a twelve month high of $3.97. The business has a 50 day moving average price of $1.45 and a two-hundred day moving average price of $2.11. The firm has a market capitalization of $200.14 million, a price-to-earnings ratio of -3.69 and a beta of 1.38.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of COOK. Empowered Funds LLC grew its position in shares of Traeger by 5.3% during 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. boosted its holdings in shares of 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. grew its holdings in 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 buying an additional 4,246 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Traeger by 8.3% in the fourth quarter. American Century Companies Inc. now owns 53,950 shares of the company's stock valued at $129,000 after purchasing an additional 4,153 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Traeger by 758.1% during the 4th quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company's stock worth $325,000 after buying an additional 120,136 shares during the last quarter. 46.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on COOK shares. Royal Bank of Canada lowered their target price on Traeger from $2.75 to $2.00 and set a "sector perform" rating for the company in a report on Friday, March 7th. 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 research note on Friday, March 7th. Canaccord Genuity Group dropped their price objective on Traeger from $5.00 to $3.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Telsey Advisory Group reduced their target price on shares of Traeger from $2.50 to $2.00 and set a "market perform" rating for the company in a report on Friday, May 2nd. Finally, B. Riley reaffirmed a "buy" rating and set a $3.00 price target (down from $4.00) on shares of Traeger in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.

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