Jane Street Group LLC Sells 33,617 Shares of Traeger, Inc. (NYSE:COOK)

Jane Street Group LLC cut its stake in shares of Traeger, Inc. (NYSE:COOK) by 51.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 31,766 shares of the company’s stock after selling 33,617 shares during the period. Jane Street Group LLC’s holdings in Traeger were worth $117,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of COOK. Empowered Funds LLC lifted its stake in Traeger by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 145,763 shares of the company’s stock worth $536,000 after purchasing an additional 7,370 shares in the last quarter. Diversify Wealth Management LLC raised its position in shares of Traeger by 5.4% in the third quarter. Diversify Wealth Management LLC now owns 164,547 shares of the company’s stock worth $606,000 after buying an additional 8,499 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Traeger during the third quarter valued at $50,000. SG Americas Securities LLC purchased a new position in Traeger during the third quarter worth about $51,000. Finally, State Street Corp increased its stake in Traeger by 2.4% in the 3rd quarter. State Street Corp now owns 789,912 shares of the company’s stock worth $2,907,000 after acquiring an additional 18,671 shares during the last quarter. Hedge funds and other institutional investors own 46.84% of the company’s stock.

Traeger Stock Up 0.9 %

Shares of NYSE:COOK opened at $2.30 on Wednesday. The stock has a market capitalization of $300.38 million, a P/E ratio of -5.75 and a beta of 1.32. The stock’s 50-day moving average price is $2.82 and its 200-day moving average price is $2.96. The company has a current ratio of 2.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.42. Traeger, Inc. has a 12-month low of $1.97 and a 12-month high of $3.97.

Traeger (NYSE:COOK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $122.05 million for the quarter, compared to analyst estimates of $118.74 million. Traeger had a negative return on equity of 10.57% and a negative net margin of 8.53%. Traeger’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned ($0.16) EPS. On average, equities analysts anticipate that Traeger, Inc. will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on COOK. Royal Bank of Canada boosted their price target on shares of Traeger from $2.50 to $2.75 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group upped their target price on shares of Traeger from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Telsey Advisory Group restated an “outperform” rating and set a $4.00 price target on shares of Traeger in a research report on Thursday, November 7th. Finally, Piper Sandler upped their price objective on Traeger from $3.50 to $3.75 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Traeger presently has a consensus rating of “Hold” and a consensus target price of $4.10.

Traeger 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.