Traeger, Inc. (NYSE:COOK) Given Consensus Rating of "Hold" by Brokerages

Traeger, Inc. (NYSE:COOK - Get Free Report) has received an average rating of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $2.44.

Several brokerages recently issued reports on COOK. B. Riley reiterated a "buy" rating and issued a $3.00 price target (down from $4.00) on shares of Traeger in a research note on Friday, May 2nd. Morgan Stanley cut their price target on Traeger from $3.00 to $2.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. UBS Group set a $2.50 target price on Traeger in a research note on Friday, March 7th. Royal Bank of Canada cut their target price on Traeger from $2.75 to $2.00 and set a "sector perform" rating for the company in a research note on Friday, March 7th. Finally, Piper Sandler cut their target price on Traeger from $2.50 to $2.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd.

Institutional Investors Weigh In On Traeger

Several institutional investors and hedge funds have recently added to or reduced their stakes in COOK. Dimensional Fund Advisors LP lifted its stake 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 valued at $1,136,000 after acquiring an additional 217,771 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Traeger by 758.1% in the 4th quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company's stock valued at $325,000 after acquiring an additional 120,136 shares during the last quarter. Nuveen LLC bought a new position in shares of Traeger in the 1st quarter valued at $122,000. Bosun Asset Management LLC lifted its stake in shares of Traeger by 267.7% in 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 last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Traeger by 36.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 232,052 shares of the company's stock valued at $555,000 after acquiring an additional 61,923 shares during the last quarter. 46.84% of the stock is currently owned by institutional investors.

Traeger Price Performance

Shares of COOK stock traded down $0.04 during trading on Wednesday, hitting $1.31. The company had a trading volume of 386,079 shares, compared to its average volume of 214,798. 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 firm has a market capitalization of $177.08 million, a P/E ratio of -3.26 and a beta of 1.43. The stock's 50-day moving average price is $1.50 and its 200 day moving average price is $2.18. Traeger has a one year low of $1.28 and a one year high of $3.97.

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.