Traeger, Inc. (NYSE:COOK) Given Average Rating of "Hold" by Analysts

Shares of Traeger, Inc. (NYSE:COOK - Get Free Report) have received an average recommendation of "Hold" from the six ratings firms that are presently covering the stock, MarketBeat.com 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 target price among brokerages that have issued a report on the stock in the last year is $2.83.

A number of equities analysts recently commented on COOK shares. Telsey Advisory Group downgraded Traeger from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $4.00 to $2.50 in a research note on Friday. Royal Bank of Canada reduced their price objective on Traeger from $2.75 to $2.00 and set a "sector perform" rating for the company in a research report on Friday. Canaccord Genuity Group cut their target price on Traeger from $7.00 to $5.00 and set a "buy" rating on the stock in a research note on Friday. Piper Sandler decreased their price target on Traeger from $3.75 to $2.50 and set a "neutral" rating for the company in a research note on Friday. Finally, Robert W. Baird cut their price objective on shares of Traeger from $3.50 to $2.50 and set a "neutral" rating on the stock in a research note on Friday.

Institutional Trading of Traeger

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted 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 acquiring an additional 4,445 shares in the last quarter. State Street Corp boosted its holdings in shares of Traeger by 2.4% in the third quarter. State Street Corp now owns 789,912 shares of the company's stock worth $2,907,000 after buying an additional 18,671 shares during the period. Bridgeway Capital Management LLC increased its position in shares of 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 raised its holdings in shares of Traeger by 84.5% during 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. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Traeger by 1.0% in the 4th 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 in the last quarter. 46.84% of the stock is owned by institutional investors and hedge funds.

Traeger Stock Up 0.5 %

Shares of Traeger stock traded up $0.01 during trading hours on Friday, hitting $2.17. 505,817 shares of the company's stock traded hands, compared to its average volume of 147,294. Traeger has a twelve month low of $1.82 and a twelve month high of $3.97. The company has a market cap of $283.41 million, a PE ratio of -5.42 and a beta of 1.32. The company has a quick ratio of 1.08, a current ratio of 2.09 and a debt-to-equity ratio of 1.42. The stock has a 50 day simple moving average of $2.39 and a 200-day simple moving average of $2.95.

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.

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