Traeger's (COOK) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Traeger (NYSE:COOK - Free Report) in a report issued on Monday,Benzinga reports. Telsey Advisory Group currently has a $2.50 price target on the stock.

Other research analysts have also recently issued reports about the company. Canaccord Genuity Group reduced their price target on Traeger from $7.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Robert W. Baird decreased their target price 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. Royal Bank of Canada dropped their price target 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. UBS Group set a $2.50 price objective on shares of Traeger in a research report on Friday, March 7th. Finally, Piper Sandler dropped their target price on Traeger from $3.75 to $2.50 and set a "neutral" rating on the stock in a research report on Friday, March 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 company's stock. Based on data from MarketBeat.com, Traeger currently has a consensus rating of "Hold" and a consensus price target of $2.79.

Traeger Stock Performance

NYSE COOK traded up $0.02 on Monday, reaching $1.41. 135,129 shares of the company's stock traded hands, compared to its average volume of 211,699. The stock has a 50 day moving average price of $1.97 and a 200-day moving average price of $2.59. The firm has a market cap of $183.56 million, a price-to-earnings ratio of -3.51 and a beta of 1.42. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.08 and a current ratio of 2.09. Traeger has a fifty-two week low of $1.32 and a fifty-two week high of $3.97.

Institutional Investors Weigh In On Traeger

Several large investors have recently bought and sold shares of COOK. Quadrature Capital Ltd purchased a new position in shares of Traeger in the third quarter worth about $50,000. Graham Capital Management L.P. acquired a new position in shares of Traeger during the 4th quarter worth approximately $37,000. Public Employees Retirement System of Ohio grew its position 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 valued at $62,000 after purchasing an additional 7,006 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Traeger in the third quarter valued at approximately $118,000. Finally, Two Sigma Advisers LP boosted its stake in Traeger by 202.8% during the fourth quarter. Two Sigma Advisers LP now owns 32,100 shares of the company's stock worth $77,000 after buying an additional 21,500 shares during the last quarter. 46.84% of the stock is currently owned by hedge funds and other institutional investors.

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.