Traeger, Inc. (NYSE:COOK) CFO Dominic Blosil Sells 2,530 Shares of Stock

Posted by Defense World Staff on Aug 8th, 2023

Traeger, Inc. (NYSE:COOK – Get Free Report) CFO Dominic Blosil sold 2,530 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $5.97, for a total transaction of $15,104.10. Following the transaction, the chief financial officer now owns 1,145,213 shares in the company, valued at $6,836,921.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Dominic Blosil also recently made the following trade(s):

On Thursday, August 3rd, Dominic Blosil sold 5,770 shares of Traeger stock. The shares were sold at an average price of $5.89, for a total value of $33,985.30.

Traeger Trading Down 3.1 %

NYSE:COOK opened at $5.77 on Tuesday. The company’s 50 day moving average is $4.17 and its 200-day moving average is $3.78. The company has a quick ratio of 1.10, a current ratio of 2.04 and a debt-to-equity ratio of 1.34. Traeger, Inc. has a 12 month low of $2.48 and a 12 month high of $6.70. The firm has a market cap 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 announced its earnings results on Wednesday, May 10th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $153.16 million for the quarter, compared to the consensus estimate of $151.53 million. Traeger had a negative net margin of 47.48% and a negative return on equity of 36.78%. Equities analysts anticipate that Traeger, Inc. will post -0.28 EPS for the current year.

Hedge Funds Weigh In On Traeger

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC grew its holdings in Traeger by 556.7% in the 4th quarter. Barclays PLC now owns 8,918 shares of the company’s stock valued at $25,000 after buying an additional 7,560 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in Traeger by 37.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 10,680 shares of the company’s stock valued at $30,000 after purchasing an additional 2,900 shares during the last quarter. Financial Advocates Investment Management bought a new stake in Traeger in the 4th quarter valued at $34,000. Alliancebernstein L.P. bought a new position in shares of Traeger during the 4th quarter worth about $40,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Traeger during the third quarter valued at about $42,000. 43.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on COOK. Canaccord Genuity Group upped their target price on Traeger from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. BMO Capital Markets raised their price objective on shares of Traeger from $5.00 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Morgan Stanley lifted 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. William Blair began coverage on shares of Traeger in a research note on Wednesday, June 14th. They set a “market perform” rating on the stock. Finally, Telsey Advisory Group raised shares of Traeger from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $3.50 to $6.50 in a research note on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.05.

Check Out Our Latest Research Report on Traeger

About Traeger

(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.