Swiss National Bank Sells 14,100 Shares of Traeger, Inc. (NYSE:COOK)

Swiss National Bank lowered its position in Traeger, Inc. (NYSE:COOKFree Report) by 10.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 122,100 shares of the company’s stock after selling 14,100 shares during the period. Swiss National Bank owned about 0.10% of Traeger worth $333,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. bought a new position in shares of Traeger in the fourth quarter worth about $28,000. Sherbrooke Park Advisers LLC bought a new position in shares of Traeger during the 3rd quarter valued at approximately $161,000. Glendon Capital Management LP bought a new position in Traeger during the third quarter valued at $983,000. Blair William & Co. IL increased its holdings in shares of Traeger by 11.6% in the 3rd quarter. Blair William & Co. IL now owns 98,447 shares of the company’s stock worth $269,000 after buying an additional 10,260 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Traeger during the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 46.84% of the company’s stock.

Traeger Trading Down 1.9 %

Shares of NYSE COOK opened at $2.59 on Monday. Traeger, Inc. has a fifty-two week low of $1.97 and a fifty-two week high of $6.70. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.74. The company has a market cap of $333.77 million, a price-to-earnings ratio of -3.92 and a beta of 1.07. The business’s 50 day moving average price is $2.28 and its 200-day moving average price is $2.32.

Traeger (NYSE:COOKGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported ($0.05) earnings per share for the quarter. Traeger had a negative return on equity of 22.43% and a negative net margin of 13.54%. The business had revenue of $144.91 million during the quarter, compared to analysts’ expectations of $143.41 million. On average, sell-side analysts expect that Traeger, Inc. will post -0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

COOK has been the topic of several analyst reports. Telsey Advisory Group reduced their price objective on Traeger from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Canaccord Genuity Group decreased their price target on Traeger from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Traeger has a consensus rating of “Moderate Buy” and a consensus target price of $4.38.

View Our Latest Research Report on COOK

Insider Buying and Selling

In related news, CEO Jeremy Andrus acquired 165,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was bought at an average cost of $2.17 per share, with a total value of $358,050.00. Following the transaction, the chief executive officer now directly owns 7,428,887 shares in the company, valued at $16,120,684.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.80% of the stock is currently owned by insiders.

Traeger Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Traeger (NYSE:COOK)

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