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

Traeger, Inc. (NYSE:COOK - Get Free Report) CEO Jeremy Andrus acquired 176,425 shares of Traeger stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average cost of $1.46 per share, with a total value of $257,580.50. Following the acquisition, the chief executive officer now directly owns 14,228,779 shares of the company's stock, valued at approximately $20,774,017.34. This trade represents a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, June 5th, Jeremy Andrus purchased 250,000 shares of Traeger stock. The stock was acquired at an average price of $1.38 per share, for a total transaction of $345,000.00.
• On Wednesday, June 4th, Jeremy Andrus purchased 300,762 shares of Traeger stock. The stock was purchased at an average price of $1.34 per share, with a total value of $403,021.08.
• On Monday, June 2nd, Jeremy Andrus bought 3,200 shares of Traeger stock. The shares were bought at an average cost of $1.37 per share, with a total value of $4,384.00.

Traeger Price Performance

Shares of NYSE:COOK traded up $0.40 during midday trading on Monday, reaching $1.87. The company's stock had a trading volume of 7,377,689 shares, compared to its average volume of 244,944. Traeger, Inc. has a fifty-two week low of $1.28 and a fifty-two week high of $3.97. The company has a market capitalization of $253.06 million, a P/E ratio of -4.66 and a beta of 1.38. 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 fifty day simple moving average is $1.44 and its 200-day simple moving average is $2.08.

Wall Street Analyst Weigh In

Several research analysts recently commented on COOK shares. B. Riley reiterated a "buy" rating and issued a $3.00 target price (down previously from $4.00) on shares of Traeger in a report on Friday, May 2nd. Telsey Advisory Group dropped their price objective 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. Canaccord Genuity Group dropped their price target on shares of Traeger from $5.00 to $3.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Piper Sandler cut their price target on shares of Traeger from $2.50 to $2.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Robert W. Baird lowered their price objective on Traeger from $3.50 to $2.50 and set a "neutral" 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 assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $2.44.

Hedge Funds Weigh In On Traeger

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in Traeger by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,081,364 shares of the company's stock valued at $2,585,000 after acquiring an additional 4,445 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Traeger by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 650,725 shares of the company's stock valued at $1,555,000 after acquiring an additional 7,662 shares during the period. Dimensional Fund Advisors LP increased its position 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 period. Charles Schwab Investment Management Inc. grew its holdings 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 worth $1,068,000 after purchasing an additional 4,246 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Traeger by 1.1% during the 4th quarter. Millennium Management LLC now owns 407,265 shares of the company's stock worth $973,000 after purchasing an additional 4,433 shares in the last quarter. 46.84% of the stock is currently owned by institutional investors and hedge funds.

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.