Traeger (NYSE:COOK) Lowered to "Market Perform" Rating by Telsey Advisory Group

Telsey Advisory Group cut shares of Traeger (NYSE:COOK - Free Report) from an outperform rating to a market perform rating in a research report report published on Friday, MarketBeat reports. They currently have $2.50 price target on the stock, down from their previous price target of $4.00.

COOK has been the subject of a number of other research reports. Piper Sandler lifted their target price on shares of Traeger from $3.50 to $3.75 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Canaccord Genuity Group lifted their target price on shares of Traeger from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Traeger from $2.50 to $2.75 and gave the stock a "sector perform" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Traeger has an average rating of "Hold" and a consensus target price of $2.83.

Traeger Price Performance

Shares of NYSE:COOK traded up $0.03 during trading on Friday, reaching $2.19. The stock had a trading volume of 605,040 shares, compared to its average volume of 149,644. Traeger has a 52 week low of $1.82 and a 52 week high of $3.97. The business's 50-day moving average price is $2.38 and its 200 day moving average price is $2.94. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.09 and a quick ratio of 1.08. The stock has a market capitalization of $286.54 million, a PE ratio of -5.48 and a beta of 1.32.

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Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of COOK. Jacobs Levy Equity Management Inc. raised its position in Traeger by 724.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 258,058 shares of the company's stock worth $950,000 after purchasing an additional 226,750 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Traeger by 84.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 475,411 shares of the company's stock worth $1,136,000 after acquiring an additional 217,771 shares during the period. JPMorgan Chase & Co. grew its holdings in Traeger by 758.1% during the 4th quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company's stock worth $325,000 after acquiring an additional 120,136 shares during the period. Bosun Asset Management LLC grew its holdings in Traeger by 267.7% during the 4th quarter. Bosun Asset Management LLC now owns 95,235 shares of the company's stock worth $228,000 after acquiring an additional 69,335 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its holdings in Traeger by 36.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 232,052 shares of the company's stock worth $555,000 after acquiring an additional 61,923 shares during the period. Institutional investors own 46.84% of the company's stock.

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.