Traeger (COOK) to Release Earnings on Wednesday

Traeger (NYSE:COOK) will release its earnings data after the market closes on Wednesday, November 8th. Analysts expect Traeger to post earnings of ($0.11) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Traeger Trading Up 7.4 %

NYSE:COOK opened at $2.91 on Monday. The company has a 50-day moving average price of $3.23 and a 200-day moving average price of $3.74. Traeger has a 12 month low of $2.33 and a 12 month high of $6.70. The company has a current ratio of 1.77, a quick ratio of 1.00 and a debt-to-equity ratio of 1.21. The stock has a market cap of $360.75 million, a price-to-earnings ratio of -1.33 and a beta of 1.09.

Insider Buying and Selling

In other Traeger news, CFO Dominic Blosil sold 7,180 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $4.37, for a total transaction of $31,376.60. Following the completion of the sale, the chief financial officer now directly owns 1,413,060 shares in the company, valued at approximately $6,175,072.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Traeger news, COO James H. Hardy, Jr. sold 6,525 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $4.24, for a total transaction of $27,666.00. Following the completion of the sale, the chief operating officer now directly owns 940,333 shares in the company, valued at approximately $3,987,011.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Dominic Blosil sold 7,180 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $4.37, for a total transaction of $31,376.60. Following the sale, the chief financial officer now owns 1,413,060 shares of the company’s stock, valued at $6,175,072.20. The disclosure for this sale can be found here. Insiders sold a total of 71,451 shares of company stock worth $315,693 in the last three months. 9.80% of the stock is owned by corporate insiders.

Institutional Trading of Traeger

A number of institutional investors and hedge funds have recently bought and sold shares of COOK. Moneta Group Investment Advisors LLC grew its stake in shares of Traeger by 133,627.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 139,892,199 shares of the company’s stock worth $394,496,000 after acquiring an additional 139,787,589 shares during the period. Millennium Management LLC grew its stake in shares of Traeger by 615.6% in the second quarter. Millennium Management LLC now owns 1,757,399 shares of the company’s stock worth $7,469,000 after acquiring an additional 1,511,821 shares during the period. FMR LLC grew its stake in shares of Traeger by 30.7% in the second quarter. FMR LLC now owns 6,103,139 shares of the company’s stock worth $25,939,000 after acquiring an additional 1,435,066 shares during the period. Renaissance Technologies LLC grew its stake in shares of Traeger by 320.6% in the second quarter. Renaissance Technologies LLC now owns 1,126,800 shares of the company’s stock worth $4,789,000 after acquiring an additional 858,900 shares during the period. Finally, Neuberger Berman Group LLC bought a new stake in shares of Traeger in the first quarter worth approximately $5,566,000. 42.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on COOK shares. Canaccord Genuity Group raised their target price on shares of Traeger from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Morgan Stanley cut shares of Traeger from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $4.75 to $3.00 in a research report on Wednesday, September 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $6.50 target price on shares of Traeger in a research report on Friday. BMO Capital Markets raised their target price on shares of Traeger from $5.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, Piper Sandler increased their price target on shares of Traeger from $4.00 to $5.00 in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Traeger currently has a consensus rating of “Hold” and an average target price of $4.95.

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.