Traeger, Inc. (NYSE:COOK) CEO Purchases $257,580.50 in Stock

Traeger, Inc. (NYSE:COOK - Get Free Report) CEO Jeremy Andrus bought 176,425 shares of the business's stock in a transaction dated Friday, June 6th. The shares were bought at an average cost of $1.46 per share, for a total transaction of $257,580.50. Following the completion of the transaction, the chief executive officer now directly owns 14,228,779 shares of the company's stock, valued at $20,774,017.34. This trade represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, June 5th, Jeremy Andrus acquired 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 Wednesday, June 4th, Jeremy Andrus purchased 300,762 shares of Traeger stock. The stock was acquired at an average cost of $1.34 per share, for a total transaction of $403,021.08.
• On Monday, June 2nd, Jeremy Andrus bought 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 NYSE:COOK traded up $0.13 during midday trading on Friday, reaching $1.48. The company had a trading volume of 744,101 shares, compared to its average volume of 216,154. Traeger, Inc. has a 52-week low of $1.28 and a 52-week high of $3.97. The company's 50 day moving average price is $1.45 and its 200 day moving average price is $2.11. The stock has a market cap of $200.14 million, a P/E ratio of -3.69 and a beta of 1.38. The company has a current ratio of 2.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.42.

Wall Street Analyst Weigh In

COOK has been the subject of several research analyst reports. Piper Sandler cut their price objective on Traeger from $2.50 to $2.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Telsey Advisory Group reduced their target price on Traeger from $2.50 to $2.00 and set a "market perform" rating for the company in a research note on Friday, May 2nd. Royal Bank of Canada reduced their target price on Traeger from $2.75 to $2.00 and set a "sector perform" rating on the stock in a report on Friday, March 7th. Canaccord Genuity Group reduced 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. Finally, Morgan Stanley dropped their price objective on Traeger from $3.00 to $2.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $2.44.

Hedge Funds Weigh In On Traeger

Several large investors have recently modified their holdings of COOK. Empowered Funds LLC lifted its stake in Traeger by 5.3% in the 4th quarter. Empowered Funds LLC now owns 153,425 shares of the company's stock worth $367,000 after purchasing an additional 7,662 shares in the last quarter. Bailard Inc. raised its stake in shares of Traeger by 76.5% during the fourth quarter. Bailard Inc. now owns 72,300 shares of the company's stock valued at $173,000 after acquiring an additional 31,344 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Traeger by 1.0% during 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. American Century Companies Inc. grew its position in shares of Traeger by 8.3% in the 4th quarter. American Century Companies Inc. now owns 53,950 shares of the company's stock worth $129,000 after buying an additional 4,153 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Traeger by 758.1% during the 4th 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 in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.