Robert W. Baird Cuts Traeger (NYSE:COOK) Price Target to $2.50

Traeger (NYSE:COOK - Get Free Report) had its price target cut by equities researchers at Robert W. Baird from $3.50 to $2.50 in a report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Robert W. Baird's price target would suggest a potential upside of 13.95% from the company's current price.

COOK has been the topic of several other reports. Canaccord Genuity Group reduced their target price on Traeger from $7.00 to $5.00 and set a "buy" rating on the stock in a report on Friday. Royal Bank of Canada boosted their target price on Traeger from $2.50 to $2.75 and gave the stock a "sector perform" rating in a report on Thursday, November 7th. Piper Sandler boosted their target price on Traeger from $3.50 to $3.75 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, Telsey Advisory Group downgraded Traeger from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $4.00 to $2.50 in a report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Traeger presently has an average rating of "Hold" and an average target price of $2.83.

Traeger Price Performance

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

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Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Traeger by 8.3% during the 4th quarter. American Century Companies Inc. now owns 53,950 shares of the company's stock worth $129,000 after buying an additional 4,153 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Traeger by 1.0% during 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 during the last quarter. Millennium Management LLC raised its position in shares of Traeger by 1.1% during the 4th quarter. Millennium Management LLC now owns 407,265 shares of the company's stock valued at $973,000 after acquiring an additional 4,433 shares during the last quarter. Geode Capital Management LLC raised its position 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 valued at $2,585,000 after acquiring an additional 4,445 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Traeger by 70.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,883 shares of the company's stock valued at $62,000 after acquiring an additional 7,006 shares during 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.