Traeger (NYSE:COOK) Insider Cole Vandenakker Sells 2,750 Shares

Traeger, Inc. (NYSE:COOK) insider Cole Vandenakker sold 2,750 shares of Traeger stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $55.30, for a total transaction of $152,075.00. Following the sale, the insider directly owned 23,913 shares of the company’s stock, valued at $1,322,388.90. The trade was a 10.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Traeger Stock Up 0.5%

Traeger stock opened at $56.12 on Tuesday. The company’s 50-day moving average price is $65.11 and its two-hundred day moving average price is $51.72. The company has a quick ratio of 2.29, a current ratio of 3.49 and a debt-to-equity ratio of 2.39. The stock has a market cap of $157.14 million, a P/E ratio of -1.33 and a beta of 1.97. Traeger, Inc. has a twelve month low of $20.91 and a twelve month high of $86.59.

Traeger (NYSE:COOK) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.57) by $2.10. The company had revenue of $120.16 million during the quarter, compared to analysts’ expectations of $133.20 million. Traeger had a negative return on equity of 13.76% and a negative net margin of 23.23%. As a group, analysts expect that Traeger, Inc. will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Lido Advisors LLC bought a new stake in Traeger during the third quarter worth $27,000. RFP Financial Group LLC acquired a new position in Traeger during the fourth quarter worth about $27,000. Caz Investments LP lifted its holdings in shares of Traeger by 100.0% in the fourth quarter. Caz Investments LP now owns 40,000 shares of the company’s stock worth $43,000 after acquiring an additional 20,000 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Traeger in the second quarter worth about $57,000. Finally, Bank of America Corp DE boosted its stake 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 valued at $80,000 after purchasing an additional 8,933 shares in the last quarter. 46.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Traeger from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Traeger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. B. Riley Financial reiterated a “neutral” rating on shares of Traeger in a research note on Friday, August 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $43.00 price objective (up from $37.50) on shares of Traeger in a report on Friday, August 7th. Finally, Canaccord Genuity Group set a $77.00 target price on shares of Traeger and gave the stock a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.50.

About Traeger

Traeger, trading on the NYSE under the ticker COOK, is a designer, manufacturer and marketer of wood pellet grills and outdoor cooking appliances. The company’s core product lineup features a range of hardwood-pellet grills that combine wood-fired flavor with digital temperature control. Beyond grills, Traeger offers a suite of accessories—such as grill covers, smoking woods, meat probes and recipe rubs—as well as outdoor kitchen solutions designed to serve both consumer and light-commercial segments.

Founded in 1985 by Joe Traeger, the brand pioneered the wood-pellet grilling category.