Strs Ohio Makes New $672,000 Investment in Traeger, Inc. $COOK

Strs Ohio acquired a new position in shares of Traeger, Inc. (NYSE:COOK) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 400,000 shares of the company’s stock, valued at approximately $672,000. Strs Ohio owned approximately 0.29% of Traeger as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new position in Traeger during the first quarter worth $122,000. D. E. Shaw & Co. Inc. grew its position in shares of Traeger by 36.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 232,052 shares of the company’s stock valued at $555,000 after acquiring an additional 61,923 shares during the period. Squarepoint Ops LLC increased its stake in shares of Traeger by 61.0% during the 4th quarter. Squarepoint Ops LLC now owns 120,003 shares of the company’s stock worth $287,000 after purchasing an additional 45,469 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Traeger by 32.7% in the 4th quarter. Two Sigma Investments LP now owns 123,931 shares of the company’s stock valued at $296,000 after purchasing an additional 30,539 shares during the period. Finally, Deutsche Bank AG lifted its stake in Traeger by 231.8% in the 4th quarter. Deutsche Bank AG now owns 41,344 shares of the company’s stock valued at $99,000 after purchasing an additional 28,883 shares during the last quarter. 46.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on COOK. Royal Bank Of Canada reduced their price target on Traeger from $1.50 to $1.25 and set a “sector perform” rating for the company in a report on Thursday, August 7th. B. Riley downgraded Traeger from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $3.00 to $1.50 in a research note on Wednesday, August 13th. Telsey Advisory Group dropped their price target on Traeger from $2.00 to $1.75 and set a “market perform” rating on the stock in a research note on Thursday, August 7th. Finally, Wall Street Zen downgraded Traeger from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $2.13.

Traeger Stock Down 3.7%

COOK stock opened at $1.30 on Friday. The firm has a 50-day moving average price of $1.51 and a 200-day moving average price of $1.59. Traeger, Inc. has a 12 month low of $1.20 and a 12 month high of $3.97. The company has a current ratio of 2.92, a quick ratio of 1.38 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $176.66 million, a P/E ratio of -4.81 and a beta of 1.44.

Traeger 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.