Traeger (NYSE:COOK) Trading Up 3.1%

Traeger, Inc. (NYSE:COOK)’s stock price rose 3.1% during trading on Tuesday . The stock traded as high as $2.22 and last traded at $2.14. Approximately 249,636 shares changed hands during trading, a decline of 22% from the average daily volume of 320,252 shares. The stock had previously closed at $2.07.

Wall Street Analysts Forecast Growth

COOK has been the subject of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $4.50 target price (down from $5.00) on shares of Traeger in a research report on Monday, March 4th. Canaccord Genuity Group decreased their target price on shares of Traeger from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Traeger presently has a consensus rating of “Moderate Buy” and an average target price of $4.47.

Traeger Stock Up 3.1 %

The stock’s 50-day simple moving average is $2.26 and its 200-day simple moving average is $2.40. The firm has a market capitalization of $273.15 million, a P/E ratio of -3.88 and a beta of 1.04. The company has a current ratio of 1.62, a quick ratio of 0.90 and a debt-to-equity ratio of 1.36.

Traeger (NYSE:COOK) last released its earnings results on Thursday, March 7th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). Traeger had a negative net margin of 11.26% and a negative return on equity of 20.91%. The company had revenue of $163.48 million for the quarter, compared to the consensus estimate of $153.10 million. As a group, research analysts predict that Traeger, Inc. will post -0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of COOK. Victory Capital Management Inc. purchased a new stake in shares of Traeger during the 4th quarter valued at approximately $28,000. SG Americas Securities LLC purchased a new stake in shares of Traeger during the 3rd quarter valued at approximately $45,000. Quantbot Technologies LP purchased a new stake in shares of Traeger during the 3rd quarter valued at approximately $55,000. Dynamic Technology Lab Private Ltd lifted its stake in shares of Traeger by 96.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 28,643 shares of the company’s stock valued at $78,000 after buying an additional 14,054 shares in the last quarter. Finally, Norden Group LLC purchased a new stake in shares of Traeger during the 1st quarter valued at approximately $118,000. 46.84% of the stock is owned by institutional investors.

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.