Traeger, Inc. (NYSE:COOK) Shares Bought by Empowered Funds LLC

Empowered Funds LLC lifted its stake in Traeger, Inc. (NYSE:COOK) by 5.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 145,763 shares of the company’s stock after acquiring an additional 7,370 shares during the period. Empowered Funds LLC’s holdings in Traeger were worth $536,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Diversify Wealth Management LLC raised its stake in shares of Traeger by 5.4% during the third quarter. Diversify Wealth Management LLC now owns 164,547 shares of the company’s stock worth $606,000 after purchasing an additional 8,499 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Traeger in the third quarter valued at $51,000. AQR Capital Management LLC purchased a new stake in Traeger in the second quarter valued at approximately $52,000. Squarepoint Ops LLC boosted its holdings in Traeger by 712.1% in the second quarter. Squarepoint Ops LLC now owns 85,713 shares of the company’s stock valued at $206,000 after acquiring an additional 75,159 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Traeger during the second quarter valued at approximately $345,000. Institutional investors and hedge funds own 46.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of Traeger from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price objective on Traeger from $2.50 to $3.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $4.00 price target on shares of Traeger in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on Traeger from $2.50 to $2.75 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Finally, Piper Sandler raised their price objective on Traeger from $3.50 to $3.75 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $4.00.

Traeger Trading Up 1.4 %

NYSE COOK opened at $2.95 on Monday. The company has a market capitalization of $385.28 million, a PE ratio of -7.38 and a beta of 1.25. The firm’s fifty day simple moving average is $3.27 and its 200-day simple moving average is $2.87. Traeger, Inc. has a 1-year low of $1.97 and a 1-year high of $3.97. 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 (NYSE:COOK) last posted its earnings results on Wednesday, November 6th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $122.05 million during 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%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.16) EPS. As a group, sell-side analysts anticipate that Traeger, Inc. will post -0.12 earnings per share for the current fiscal year.

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.