Jane Street Group LLC Sells 33,617 Shares of Traeger, Inc. (NYSE:COOK)

Jane Street Group LLC cut its stake in shares of Traeger, Inc. (NYSE:COOKFree Report) by 51.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,766 shares of the company’s stock after selling 33,617 shares during the period. Jane Street Group LLC’s holdings in Traeger were worth $117,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in shares of Traeger in the third quarter valued at about $50,000. SG Americas Securities LLC bought a new stake in Traeger in the 3rd quarter worth about $51,000. AQR Capital Management LLC purchased a new stake in Traeger in the 2nd quarter valued at about $52,000. Drive Wealth Management LLC bought a new position in shares of Traeger during the 3rd quarter worth approximately $118,000. Finally, Squarepoint Ops LLC boosted its stake in shares of Traeger by 712.1% in the 2nd quarter. Squarepoint Ops LLC now owns 85,713 shares of the company’s stock worth $206,000 after buying an additional 75,159 shares during the last quarter. 46.84% of the stock is owned by hedge funds and other institutional investors.

Traeger Stock Up 0.9 %

COOK stock opened at $2.30 on Wednesday. Traeger, Inc. has a fifty-two week low of $1.97 and a fifty-two week high of $3.97. The stock has a fifty day moving average of $2.82 and a 200-day moving average of $2.96. The company has a market capitalization of $300.38 million, a price-to-earnings ratio of -5.75 and a beta of 1.32. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.08 and a current ratio of 2.09.

Traeger (NYSE:COOKGet Free Report) last posted its earnings results on Wednesday, November 6th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $122.05 million during the quarter, compared to the consensus estimate of $118.74 million. Traeger had a negative net margin of 8.53% and a negative return on equity of 10.57%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.16) earnings per share. As a group, equities research analysts predict that Traeger, Inc. will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

COOK has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on Traeger from $2.50 to $2.75 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Piper Sandler lifted their target price on Traeger from $3.50 to $3.75 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $4.00 price target on shares of Traeger in a report on Thursday, November 7th. Finally, Canaccord Genuity Group raised their price objective on shares of Traeger from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.10.

Get Our Latest Report on COOK

Traeger Company 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.

See Also

Institutional Ownership by Quarter for Traeger (NYSE:COOK)

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