Traeger (NYSE:COOK) Stock Price Up 0.9% – Here’s What Happened

Traeger, Inc. (NYSE:COOK)’s stock price rose 0.9% 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.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Royal Bank of Canada decreased their target price on Traeger from $2.75 to $2.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. Morgan Stanley decreased their price target on shares of Traeger from $3.00 to $2.50 and set an “underweight” rating on the stock in a 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. Canaccord Genuity Group cut their target price on shares of Traeger from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, Telsey Advisory Group downgraded shares of Traeger from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $4.00 to $2.50 in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.79.

Traeger Trading Up 0.9 %

The company has a current ratio of 2.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.42. The firm’s 50-day moving average is $2.20 and its 200 day moving average is $2.75. The firm has a market capitalization of $221.45 million, a price-to-earnings ratio of -4.24 and a beta of 1.32.

Institutional Trading of Traeger

Several institutional investors have recently modified their holdings of COOK. Geode Capital Management LLC lifted its holdings in Traeger by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,081,364 shares of the company’s stock worth $2,585,000 after buying an additional 4,445 shares during the period. State Street Corp lifted its stake in shares of Traeger by 2.4% in the third 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 period. Bridgeway Capital Management LLC boosted its holdings in Traeger by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 650,725 shares of the company’s stock valued at $1,555,000 after acquiring an additional 7,662 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Traeger by 84.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 475,411 shares of the company’s stock valued at $1,136,000 after purchasing an additional 217,771 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Traeger by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 446,943 shares of the company’s stock worth $1,068,000 after purchasing an additional 4,246 shares during the last quarter. Institutional investors own 46.84% of the company’s stock.

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.