Traeger, Inc. (NYSE:COOK) Given Consensus Rating of “Hold” by Analysts

Shares of Traeger, Inc. (NYSE:COOK) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $2.1250.

Several equities analysts recently commented on the company. Wall Street Zen lowered Traeger from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Royal Bank Of Canada cut their price objective on shares of Traeger from $1.50 to $1.25 and set a “sector perform” rating on the stock in a report on Thursday, August 7th. Telsey Advisory Group lowered their target price on Traeger from $2.00 to $1.75 and set a “market perform” rating for the company in a research note on Thursday, August 7th. Finally, B. Riley cut Traeger from a “buy” rating to a “neutral” rating and cut their price target for the stock from $3.00 to $1.50 in a research note on Wednesday, August 13th.

Traeger Trading Up 0.4%

Shares of COOK stock opened at $1.27 on Tuesday. Traeger has a fifty-two week low of $1.20 and a fifty-two week high of $3.97. The firm’s 50 day moving average price is $1.44 and its two-hundred day moving average price is $1.56. The stock has a market cap of $171.90 million, a price-to-earnings ratio of -4.69 and a beta of 1.44. The company has a quick ratio of 1.38, a current ratio of 2.92 and a debt-to-equity ratio of 1.45.

Institutional Investors Weigh In On Traeger

A number of institutional investors have recently made changes to their positions in COOK. Norden Group LLC lifted its holdings in shares of Traeger by 27.2% in the 2nd quarter. Norden Group LLC now owns 23,350 shares of the company’s stock worth $40,000 after purchasing an additional 5,000 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Traeger during the 2nd quarter valued at about $57,000. Two Sigma Advisers LP grew its position in Traeger by 202.8% in 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. Bank of America Corp DE grew its holdings in shares of Traeger by 36.6% in the 4th quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock worth $80,000 after acquiring an additional 8,933 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in Traeger during the 2nd quarter worth about $93,000. 46.84% of the stock is currently owned by institutional investors.

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.