Traeger, Inc. (NYSE:COOK) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Traeger, Inc. (NYSE:COOK - Get Free Report) have been given an average recommendation of "Hold" by the seven analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $2.44.

Several research analysts have recently commented on the company. Piper Sandler lowered their price target on Traeger from $2.50 to $2.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. B. Riley reissued a "buy" rating and set a $3.00 target price (down from $4.00) on shares of Traeger in a research note on Friday, May 2nd. Canaccord Genuity Group decreased their price objective on Traeger from $5.00 to $3.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley cut their target price on shares of Traeger from $3.00 to $2.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Finally, Telsey Advisory Group reduced their target price 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.

Insider Transactions at Traeger

In other news, CEO Jeremy Andrus bought 300,762 shares of the stock in a transaction dated Wednesday, June 4th. The shares were acquired at an average price of $1.34 per share, with a total value 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 approximately $18,499,442.36. The trade was a 2.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders acquired 730,387 shares of company stock worth $1,009,986. Company insiders own 14.70% of the company's stock.

Institutional Investors Weigh In On Traeger

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Traeger by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,081,364 shares of the company's stock worth $2,585,000 after buying an additional 4,445 shares in the last quarter. Bridgeway Capital Management LLC raised its position in Traeger by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 650,725 shares of the company's stock worth $1,555,000 after acquiring an additional 7,662 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Traeger by 84.5% in the fourth 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 period. Charles Schwab Investment Management Inc. lifted its holdings in Traeger by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 446,943 shares of the company's stock valued at $1,068,000 after acquiring an additional 4,246 shares during the period. Finally, Millennium Management LLC boosted its position 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. Hedge funds and other institutional investors own 46.84% of the company's stock.

Traeger Price Performance

Shares of COOK stock traded up $0.09 during trading hours on Friday, reaching $1.89. The company had a trading volume of 41,144 shares, compared to its average volume of 252,728. Traeger has a 12-month low of $1.28 and a 12-month high of $3.97. 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 fifty day moving average of $1.47 and a 200-day moving average of $2.04. The company has a market capitalization of $256.45 million, a price-to-earnings ratio of -4.71 and a beta of 1.38.

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.