Traeger (NYSE:COOK) Receives “Sell (D-)” Rating from Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of Traeger (NYSE:COOK) in a research note issued to investors on Tuesday,Weiss Ratings reports.

COOK has been the topic of a number of other reports. Telsey Advisory Group lowered their target price on shares of Traeger from $2.00 to $1.75 and set a “market perform” rating on the stock in a report on Thursday, August 7th. Royal Bank Of Canada lowered their target price on shares of Traeger from $1.50 to $1.25 and set a “sector perform” rating on the stock in a report on Thursday, August 7th. B. Riley downgraded shares of Traeger from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $3.00 to $1.50 in a report on Wednesday, August 13th. Finally, Wall Street Zen downgraded shares of Traeger from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $2.13.

Traeger Price Performance

Shares of COOK opened at $1.06 on Tuesday. The company has a market cap of $143.36 million, a price-to-earnings ratio of -3.91 and a beta of 1.43. Traeger has a 1-year low of $0.98 and a 1-year high of $3.59. The company’s fifty day simple moving average is $1.28 and its 200 day simple moving average is $1.51. The company has a current ratio of 2.92, a quick ratio of 1.38 and a debt-to-equity ratio of 1.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COOK. Strs Ohio acquired a new position in shares of Traeger in the first quarter valued at approximately $672,000. Fortitude Financial LLC acquired a new position in shares of Traeger in the second quarter valued at approximately $422,000. Drive Wealth Management LLC acquired a new position in shares of Traeger in the second quarter valued at approximately $389,000. Marshall Wace LLP increased its stake in shares of Traeger by 371.7% in the second quarter. Marshall Wace LLP now owns 130,666 shares of the company’s stock valued at $223,000 after buying an additional 102,967 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Traeger during the 2nd quarter valued at approximately $163,000. Institutional investors and hedge funds own 46.84% of the company’s stock.

About Traeger

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.