Traeger, Inc. (NYSE:COOK) Insider James H. Hardy, Jr. Sells 2,472 Shares

Posted by Defense World Staff on Aug 8th, 2023

Traeger, Inc. (NYSE:COOK – Get Free Report) insider James H. Hardy, Jr. sold 2,472 shares of Traeger stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $5.89, for a total value of $14,560.08. Following the completion of the transaction, the insider now directly owns 697,005 shares in the company, valued at $4,105,359.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Traeger Stock Performance

Shares of NYSE:COOK opened at $5.77 on Tuesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.04 and a quick ratio of 1.10. The business’s fifty day moving average price is $4.17 and its two-hundred day moving average price is $3.78. Traeger, Inc. has a fifty-two week low of $2.48 and a fifty-two week high of $6.70. The stock has a market capitalization of $714.34 million, a price-to-earnings ratio of -2.72 and a beta of 0.92.

Traeger (NYSE:COOK – Get Free Report) last posted its earnings results on Wednesday, May 10th. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). Traeger had a negative net margin of 47.48% and a negative return on equity of 36.78%. The business had revenue of $153.16 million for the quarter, compared to analyst estimates of $151.53 million. As a group, analysts predict that Traeger, Inc. will post -0.28 EPS for the current fiscal year.

Institutional Trading of Traeger

Several hedge funds have recently modified their holdings of the company. Caz Investments LP boosted its holdings in shares of Traeger by 100.0% in the 4th quarter. Caz Investments LP now owns 40,000 shares of the company’s stock worth $113,000 after acquiring an additional 20,000 shares in the last quarter. HRT Financial LP bought a new position in Traeger in the 4th quarter valued at $509,000. GSA Capital Partners LLP acquired a new position in Traeger in the fourth quarter worth $361,000. Barclays PLC boosted its stake in Traeger by 327.9% in the second quarter. Barclays PLC now owns 71,953 shares of the company’s stock worth $305,000 after purchasing an additional 55,136 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Traeger during the second quarter worth $183,000. Institutional investors and hedge funds own 43.47% of the company’s stock.

Analyst Upgrades and Downgrades

COOK has been the topic of a number of research reports. Telsey Advisory Group raised shares of Traeger from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $3.50 to $6.50 in a research report on Thursday, August 3rd. Piper Sandler upped their price objective on shares of Traeger from $4.00 to $5.00 in a research report on Thursday, August 3rd. Morgan Stanley increased their target price on shares of Traeger from $4.50 to $4.75 and gave the company an “equal weight” rating in a research note on Thursday, August 3rd. BMO Capital Markets boosted their price objective on Traeger from $5.00 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Finally, William Blair assumed coverage on Traeger in a research report on Wednesday, June 14th. They issued a “market perform” rating for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.05.

Read Our Latest Analysis on Traeger

Traeger Company Profile

(Get 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.