Traeger (NYSE:COOK) Given "Outperform" Rating at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Traeger (NYSE:COOK - Free Report) in a research report report published on Wednesday morning, Benzinga reports. Telsey Advisory Group currently has a $4.00 price objective on the stock.

COOK has been the subject of a number of other research reports. Royal Bank of Canada boosted their target price on shares of Traeger from $2.00 to $2.50 and gave the stock a "sector perform" rating in a research note on Thursday, August 8th. Robert W. Baird upped their target price on shares of Traeger from $2.50 to $3.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. Finally, Piper Sandler raised shares of Traeger from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Traeger has an average rating of "Moderate Buy" and a consensus price target of $3.30.

Traeger Trading Up 1.9 %

Shares of COOK stock traded up $0.06 during trading on Wednesday, hitting $3.16. 166,585 shares of the stock traded hands, compared to its average volume of 270,616. The firm has a market capitalization of $409.11 million, a P/E ratio of -7.71 and a beta of 1.23. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.04 and a quick ratio of 1.21. The firm's fifty day moving average price is $3.43 and its 200-day moving average price is $2.76. Traeger has a 52-week low of $1.97 and a 52-week high of $3.97.

Traeger (NYSE:COOK - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. The company had revenue of $168.47 million for the quarter, compared to analyst estimates of $168.07 million. Traeger had a negative return on equity of 12.65% and a negative net margin of 8.50%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.23) earnings per share. As a group, research analysts forecast that Traeger will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Traeger

A number of hedge funds have recently bought and sold shares of the company. Norden Group LLC purchased a new position in Traeger during the first quarter worth approximately $118,000. Empowered Funds LLC raised its stake in shares of Traeger by 398.0% in the 1st quarter. Empowered Funds LLC now owns 128,493 shares of the company's stock valued at $325,000 after acquiring an additional 102,689 shares during the period. SG Americas Securities LLC purchased a new position in shares of Traeger in the 1st quarter valued at $27,000. Panagora Asset Management Inc. raised its stake in shares of Traeger by 19.4% in the 2nd quarter. Panagora Asset Management Inc. now owns 182,484 shares of the company's stock valued at $438,000 after acquiring an additional 29,694 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Traeger by 56.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 201,562 shares of the company's stock valued at $484,000 after purchasing an additional 72,637 shares in the last quarter. Institutional investors and hedge funds own 46.84% of the company's stock.

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.