D. E. Shaw & Co. Inc. Acquires 61,923 Shares of Traeger, Inc. (NYSE:COOK)

D. E. Shaw & Co. Inc. increased its holdings in Traeger, Inc. (NYSE:COOK) by 36.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 232,052 shares of the company’s stock after purchasing an additional 61,923 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.18% of Traeger worth $555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in COOK. Empowered Funds LLC increased its stake in Traeger by 5.3% in the 4th quarter. Empowered Funds LLC now owns 153,425 shares of the company’s stock worth $367,000 after purchasing an additional 7,662 shares during the period. Bailard Inc. grew its holdings in shares of Traeger by 76.5% in the fourth quarter. Bailard Inc. now owns 72,300 shares of the company’s stock worth $173,000 after purchasing an additional 31,344 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Traeger by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 446,943 shares of the company’s stock worth $1,068,000 after buying an additional 4,246 shares during the period. American Century Companies Inc. increased its stake in shares of Traeger by 8.3% in the fourth quarter. American Century Companies Inc. now owns 53,950 shares of the company’s stock worth $129,000 after buying an additional 4,153 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Traeger by 758.1% during the 4th quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company’s stock valued at $325,000 after buying an additional 120,136 shares during the last quarter. Institutional investors own 46.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on COOK. Royal Bank of Canada decreased their price objective on shares of Traeger from $2.75 to $2.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. Morgan Stanley reduced their price target on shares of Traeger from $3.00 to $2.50 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Robert W. Baird lowered their price objective 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. Telsey Advisory Group cut their price objective on Traeger from $2.50 to $2.00 and set a “market perform” rating on the stock in a research report on Friday, May 2nd. Finally, UBS Group set a $2.50 target price on Traeger in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.44.

Traeger Price Performance

NYSE:COOK opened at $1.31 on Monday. The firm has a market capitalization of $177.08 million, a price-to-earnings ratio of -3.26 and a beta of 1.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.09 and a quick ratio of 1.08. The business has a 50 day simple moving average of $1.51 and a 200-day simple moving average of $2.20. Traeger, Inc. has a 1 year low of $1.28 and a 1 year high of $3.97.

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.