Traeger, Inc. (NYSE:COOK) Receives $2.79 Average Price Target from Brokerages

Shares of Traeger, Inc. (NYSE:COOK) have been given an average recommendation of “Hold” by the six research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $2.79.

A number of equities analysts have weighed in on the stock. UBS Group set a $2.50 price target on shares of Traeger in a research report on Friday, March 7th. Robert W. Baird dropped their target price on shares of Traeger from $3.50 to $2.50 and set a “neutral” rating for the company in a report on Friday, March 7th. Royal Bank of Canada decreased their price target on Traeger from $2.75 to $2.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Canaccord Genuity Group cut their target price on Traeger from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Piper Sandler dropped their price target on Traeger from $3.75 to $2.50 and set a “neutral” rating for the company in a research note on Friday, March 7th.

Traeger Trading Up 2.0 %

Shares of NYSE:COOK opened at $1.52 on Tuesday. The stock has a 50 day moving average of $2.09 and a 200 day moving average of $2.67. The company has a market cap of $198.59 million, a PE ratio of -3.80 and a beta of 1.42. Traeger has a 12-month low of $1.37 and a 12-month 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.

Institutional Trading of Traeger

A number of large investors have recently added to or reduced their stakes in the company. Graham Capital Management L.P. purchased a new stake in shares of Traeger during the 4th quarter valued at about $37,000. Quadrature Capital Ltd purchased a new position in Traeger during the 3rd quarter valued at $50,000. Public Employees Retirement System of Ohio boosted its stake in shares of Traeger by 70.9% during the third quarter. Public Employees Retirement System of Ohio now owns 16,883 shares of the company’s stock valued at $62,000 after purchasing an additional 7,006 shares during the period. Two Sigma Advisers LP grew its stake in Traeger by 202.8% in the fourth quarter. Two Sigma Advisers LP now owns 32,100 shares of the company’s stock worth $77,000 after purchasing an additional 21,500 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of Traeger during the fourth quarter valued at $78,000. 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.