Traeger, Inc. (NYSE:COOK – Get Rating) has earned an average rating of "Hold" from the ten research firms that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $6.94.
COOK has been the topic of a number of recent analyst reports. Telsey Advisory Group cut their price target on shares of Traeger from $5.00 to $4.00 and set a "market perform" rating on the stock in a research note on Thursday, August 11th. William Blair downgraded shares of Traeger from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 11th. Royal Bank of Canada cut their price target on shares of Traeger from $12.00 to $7.00 and set an "outperform" rating on the stock in a research note on Thursday, August 11th. Credit Suisse Group downgraded shares of Traeger from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $9.00 to $4.00 in a research note on Tuesday, July 26th. Finally, Morgan Stanley cut their target price on shares of Traeger from $8.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Friday, August 19th.
Get Traeger alerts:Insider Buying and Selling
In other news, CEO Jeremy Andrus purchased 10,423 shares of the company's stock in a transaction that occurred on Wednesday, September 7th. The shares were purchased at an average price of $2.80 per share, with a total value of $29,184.40. Following the purchase, the chief executive officer now directly owns 8,916,500 shares of the company's stock, valued at approximately $24,966,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Traeger news, CFO Dominic Blosil sold 27,476 shares of the firm's stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $3.92, for a total transaction of $107,705.92. Following the completion of the transaction, the chief financial officer now directly owns 788,473 shares of the company's stock, valued at approximately $3,090,814.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeremy Andrus acquired 10,423 shares of the firm's stock in a transaction on Wednesday, September 7th. The shares were bought at an average cost of $2.80 per share, with a total value of $29,184.40. Following the completion of the acquisition, the chief executive officer now owns 8,916,500 shares in the company, valued at $24,966,200. The disclosure for this purchase can be found here. 8.70% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of COOK. Advisor Group Holdings Inc. boosted its holdings in shares of Traeger by 60.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,632 shares of the company's stock valued at $44,000 after buying an additional 1,373 shares during the period. Trexquant Investment LP acquired a new position in shares of Traeger in the 2nd quarter valued at about $47,000. Brown Advisory Inc. acquired a new position in shares of Traeger in the 2nd quarter valued at about $49,000. Arizona State Retirement System acquired a new position in shares of Traeger in the 2nd quarter valued at about $61,000. Finally, Legal & General Group Plc boosted its holdings in shares of Traeger by 89.1% in the 2nd quarter. Legal & General Group Plc now owns 15,848 shares of the company's stock valued at $68,000 after buying an additional 7,467 shares during the period. 43.01% of the stock is owned by institutional investors and hedge funds.Traeger Stock Down 2.4 %
Shares of NYSE COOK opened at $2.88 on Tuesday. Traeger has a 1 year low of $2.52 and a 1 year high of $23.54. The firm's 50 day moving average price is $3.21 and its 200 day moving average price is $4.93. The firm has a market cap of $340.52 million and a P/E ratio of -1.27. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 1.53.
Traeger (NYSE:COOK – Get Rating) last posted its quarterly earnings results on Wednesday, August 10th. The company reported ($0.06) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.06). The company had revenue of $200.27 million for the quarter, compared to the consensus estimate of $207.10 million. Traeger had a negative net margin of 34.64% and a negative return on equity of 13.60%. Traeger's revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. As a group, sell-side analysts anticipate that Traeger will post -0.5 earnings per share for the current year.
Traeger Company Profile
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Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbeque 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.
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