Telsey Advisory Group Reiterates Outperform Rating for Traeger (NYSE:COOK)

Traeger (NYSE:COOK)‘s stock had its “outperform” rating reissued by Telsey Advisory Group in a research note issued on Friday,Benzinga reports. They presently have a $4.00 target price on the stock. Telsey Advisory Group’s price objective points to a potential upside of 72.79% from the company’s current price.

Several other research analysts have also issued reports on the company. Piper Sandler increased 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. Royal Bank of Canada increased their target price on shares of Traeger from $2.50 to $2.75 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group lifted their price target on shares of Traeger from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Traeger presently has a consensus rating of “Hold” and an average target price of $4.10.

Traeger Trading Up 2.4 %

Shares of COOK opened at $2.32 on Friday. 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 stock has a market cap of $302.34 million, a PE ratio of -5.79 and a beta of 1.32. Traeger has a 1 year low of $1.97 and a 1 year high of $3.97. The stock has a 50 day simple moving average of $2.41 and a 200-day simple moving average of $2.96.

Institutional Trading of Traeger

A number of hedge funds and other institutional investors have recently made changes to their positions in COOK. Geode Capital Management LLC lifted its position 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 in the last quarter. State Street Corp raised 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 last quarter. Bridgeway Capital Management LLC lifted its position in shares of Traeger by 1.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 650,725 shares of the company’s stock worth $1,555,000 after purchasing an additional 7,662 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Traeger by 84.5% during the fourth 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 last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Traeger by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 446,943 shares of the company’s stock valued at $1,068,000 after purchasing an additional 4,246 shares in the last quarter. 46.84% of the stock is currently owned by institutional investors and hedge funds.

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.