Traeger (NYSE:COOK) Stock Price Up 0.9% - Here's Why

Traeger, Inc. (NYSE:COOK - Get Free Report)'s share price was up 0.9% during mid-day trading on Friday . The stock traded as high as $1.72 and last traded at $1.70. Approximately 129,965 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 213,166 shares. The stock had previously closed at $1.68.

Analyst Upgrades and Downgrades

COOK has been the subject of several research analyst reports. UBS Group set a $2.50 price objective on Traeger in a report on Friday, March 7th. Robert W. Baird cut their price target on shares of Traeger from $3.50 to $2.50 and set a "neutral" rating for the company in a report on Friday, March 7th. Morgan Stanley reduced their price objective on shares of Traeger from $3.00 to $2.50 and set an "underweight" rating for the company in a research report on Friday, March 7th. Telsey Advisory Group downgraded shares of Traeger from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $4.00 to $2.50 in a report on Friday, March 7th. Finally, Royal Bank of Canada reduced their target price on shares of Traeger from $2.75 to $2.00 and set a "sector perform" rating for the company in a report on Friday, March 7th. One investment 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $2.79.

Traeger Stock Down 0.3 %

The business's 50 day simple moving average is $2.19 and its 200 day simple moving average is $2.73. 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 capitalization of $218.84 million, a PE ratio of -4.19 and a beta of 1.32.

Remove Ads

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Graham Capital Management L.P. acquired a new stake in shares of Traeger during the 4th quarter valued at $37,000. Quadrature Capital Ltd acquired a new stake in Traeger in the 3rd quarter worth approximately $50,000. Public Employees Retirement System of Ohio grew its holdings in Traeger by 70.9% during the third quarter. Public Employees Retirement System of Ohio now owns 16,883 shares of the company's stock valued at $62,000 after purchasing an additional 7,006 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Traeger by 202.8% during the fourth quarter. Two Sigma Advisers LP now owns 32,100 shares of the company's stock valued at $77,000 after purchasing an additional 21,500 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of Traeger in the fourth quarter worth $78,000. 46.84% of the stock is 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.