Jacobs Levy Equity Management Inc. Has $950,000 Holdings in Traeger, Inc. (NYSE:COOK)

Jacobs Levy Equity Management Inc. boosted its stake in Traeger, Inc. (NYSE:COOK - Free Report) by 724.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 258,058 shares of the company's stock after buying an additional 226,750 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.20% of Traeger worth $950,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Drive Wealth Management LLC purchased a new position in Traeger during the third quarter worth approximately $118,000. Empowered Funds LLC boosted its stake in Traeger by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 145,763 shares of the company's stock valued at $536,000 after acquiring an additional 7,370 shares during the last quarter. Diversify Wealth Management LLC lifted its holdings in Traeger by 5.4% in the third quarter. Diversify Wealth Management LLC now owns 164,547 shares of the company's stock worth $606,000 after acquiring an additional 8,499 shares during the last quarter. SG Americas Securities LLC bought a new position in Traeger in the 3rd quarter worth about $51,000. Finally, AQR Capital Management LLC bought a new position in shares of Traeger in the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 46.84% of the company's stock.

Traeger Stock Performance

COOK stock traded up $0.01 during midday trading on Monday, reaching $3.16. 143,182 shares of the company's stock traded hands, compared to its average volume of 259,996. Traeger, Inc. has a 1-year low of $1.97 and a 1-year high of $3.97. The company has a current ratio of 2.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.42. The company has a 50-day simple moving average of $3.19 and a two-hundred day simple moving average of $2.93.

Traeger (NYSE:COOK - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $122.05 million during the quarter, compared to analysts' expectations of $118.74 million. Traeger had a negative net margin of 8.53% and a negative return on equity of 10.57%. Traeger's revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.16) EPS. As a group, research analysts predict that Traeger, Inc. will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on COOK. Canaccord Genuity Group boosted their target price on shares of Traeger from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Piper Sandler increased their price target on Traeger from $3.50 to $3.75 and gave the company a "neutral" rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price objective on shares of Traeger from $2.50 to $2.75 and gave the stock a "sector perform" rating in a report on Thursday, November 7th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $4.00 price target on shares of Traeger in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $4.00.

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.