Traeger, Inc. (NYSE:COOK) Receives $2.79 Average Price Target from Brokerages

Traeger, Inc. (NYSE:COOK - Get Free Report) has received an average recommendation of "Hold" from the six analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $2.79.

COOK has been the topic of several research reports. Morgan Stanley dropped their target price on Traeger from $3.00 to $2.50 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada cut their price objective on shares of Traeger from $2.75 to $2.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. Canaccord Genuity Group reduced their target price on shares of Traeger from $7.00 to $5.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Piper Sandler dropped their price target on shares of Traeger from $3.75 to $2.50 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, Robert W. Baird reduced their price objective on shares of Traeger from $3.50 to $2.50 and set a "neutral" rating for the company in a research note on Friday, March 7th.

Traeger Stock Down 1.6 %

Shares of Traeger stock traded down $0.03 on Tuesday, hitting $1.50. 289,860 shares of the company traded hands, compared to its average volume of 211,588. Traeger has a 12-month low of $1.44 and a 12-month high of $3.97. 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 company has a market cap of $195.32 million, a PE ratio of -3.74 and a beta of 1.42. The company has a 50-day moving average price of $2.11 and a 200 day moving average price of $2.69.

Institutional Trading of Traeger

A number of institutional investors and hedge funds have recently modified their holdings of the company. Graham Capital Management L.P. bought a new position in Traeger in the 4th quarter worth $37,000. Quadrature Capital Ltd acquired a new stake in shares of Traeger in the third quarter valued at about $50,000. Public Employees Retirement System of Ohio increased its stake in shares of Traeger by 70.9% in the third quarter. Public Employees Retirement System of Ohio now owns 16,883 shares of the company's stock worth $62,000 after purchasing an additional 7,006 shares during the period. Two Sigma Advisers LP lifted its position in shares of Traeger by 202.8% during the 4th quarter. Two Sigma Advisers LP now owns 32,100 shares of the company's stock worth $77,000 after purchasing an additional 21,500 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in Traeger during the 4th quarter valued at approximately $78,000. 46.84% of the stock is currently owned by institutional investors and hedge funds.

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.