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

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

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

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

Traeger Stock Up 26.9%

COOK stock traded up $0.40 on Monday, hitting $1.87. 7,377,689 shares of the company's stock were exchanged, compared to its average volume of 244,944. Traeger, Inc. has a 12-month low of $1.28 and a 12-month high of $3.97. The firm has a 50 day moving average price of $1.44 and a two-hundred day moving average price of $2.08. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.08 and a current ratio of 2.09. The stock has a market cap of $253.06 million, a P/E ratio of -4.66 and a beta of 1.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in Traeger by 84.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 475,411 shares of the company's stock worth $1,136,000 after buying an additional 217,771 shares during the last quarter. Two Sigma Advisers LP grew its stake in Traeger by 202.8% during the 4th quarter. Two Sigma Advisers LP now owns 32,100 shares of the company's stock worth $77,000 after buying an additional 21,500 shares during the last quarter. JPMorgan Chase & Co. grew its stake in 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. D. E. Shaw & Co. Inc. grew its stake in 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 buying an additional 61,923 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in Traeger by 61.0% during the 4th quarter. Squarepoint Ops LLC now owns 120,003 shares of the company's stock worth $287,000 after acquiring an additional 45,469 shares during the period. 46.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COOK. Piper Sandler cut their price target on Traeger from $2.50 to $2.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada cut their price target on Traeger from $2.75 to $2.00 and set a "sector perform" rating on the stock in a report on Friday, March 7th. B. Riley reiterated a "buy" rating and issued a $3.00 price target (down from $4.00) on shares of Traeger in a report on Friday, May 2nd. Telsey Advisory Group lowered their price target on shares of Traeger from $2.50 to $2.00 and set a "market perform" rating on the stock in a report on Friday, May 2nd. Finally, Robert W. Baird lowered their price target on shares of Traeger from $3.50 to $2.50 and set a "neutral" rating on the stock in a report on Friday, March 7th. One 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 stock. According to data from MarketBeat, Traeger presently has a consensus rating of "Hold" and an average 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.