Analysts Set Traeger, Inc. (NYSE:COOK) Target Price at $2.79

Traeger, Inc. (NYSE:COOK - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $2.50.

Several equities analysts have recently issued reports on COOK shares. UBS Group set a $2.50 target price on Traeger in a report on Friday, March 7th. Piper Sandler dropped their price target on shares of Traeger from $3.75 to $2.50 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Telsey Advisory Group restated a "market perform" rating and issued a $2.50 target price on shares of Traeger in a research note on Monday, April 7th. Morgan Stanley decreased their price target on shares of Traeger from $3.00 to $2.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. Finally, Royal Bank of Canada dropped their target price on shares of Traeger from $2.75 to $2.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Traeger by 84.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 475,411 shares of the company's stock worth $1,136,000 after purchasing an additional 217,771 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Traeger by 758.1% during the fourth quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company's stock valued at $325,000 after purchasing an additional 120,136 shares in the last quarter. Bosun Asset Management LLC grew its stake in shares of Traeger by 267.7% during the 4th quarter. Bosun Asset Management LLC now owns 95,235 shares of the company's stock valued at $228,000 after acquiring an additional 69,335 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Traeger by 36.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 232,052 shares of the company's stock valued at $555,000 after purchasing an additional 61,923 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Traeger during the fourth quarter valued at about $141,000. 46.84% of the stock is owned by hedge funds and other institutional investors.

Traeger Stock Up 1.4 %

Shares of NYSE:COOK traded up $0.02 during trading on Friday, reaching $1.48. 32,732 shares of the stock were exchanged, compared to its average volume of 208,670. The firm has a market cap of $193.36 million, a price-to-earnings ratio of -3.70 and a beta of 1.42. The stock has a fifty day moving average of $1.73 and a two-hundred day moving average of $2.41. Traeger has a 1-year low of $1.32 and a 1-year high of $3.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.09 and a quick ratio of 1.08.

About Traeger

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.