Goldman Sachs Group Inc. Cuts Stock Holdings in Traeger, Inc. $COOK

Goldman Sachs Group Inc. trimmed its position in shares of Traeger, Inc. (NYSE:COOK) by 24.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,999 shares of the company’s stock after selling 25,166 shares during the quarter. Goldman Sachs Group Inc. owned 0.06% of Traeger worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Traeger during the first quarter valued at about $672,000. Empowered Funds LLC lifted its position in Traeger by 9.3% during the first quarter. Empowered Funds LLC now owns 167,696 shares of the company’s stock valued at $282,000 after buying an additional 14,271 shares during the period. Nuveen LLC purchased a new position in shares of Traeger in the 1st quarter worth about $122,000. Squarepoint Ops LLC increased its holdings in Traeger by 61.0% in the 4th quarter. Squarepoint Ops LLC now owns 120,003 shares of the company’s stock worth $287,000 after buying an additional 45,469 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Traeger by 202.8% during the 4th quarter. Two Sigma Advisers LP now owns 32,100 shares of the company’s stock valued at $77,000 after purchasing an additional 21,500 shares during the period. 46.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen downgraded Traeger from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. B. Riley lowered Traeger from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $3.00 to $1.50 in a research note on Wednesday, August 13th. Telsey Advisory Group decreased their target price on Traeger from $2.00 to $1.75 and set a “market perform” rating for the company in a report on Thursday, August 7th. Finally, Royal Bank Of Canada cut their price objective on Traeger from $1.50 to $1.25 and set a “sector perform” rating for the company in a research report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.13.

Traeger Price Performance

COOK stock opened at $1.24 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.92 and a quick ratio of 1.38. The firm has a market capitalization of $167.82 million, a P/E ratio of -4.57 and a beta of 1.44. The business’s 50-day moving average is $1.43 and its two-hundred day moving average is $1.55. Traeger, Inc. has a 1 year low of $1.20 and a 1 year high of $3.95.

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.