Traeger, Inc. (NYSE:COOK - Get Free Report) insider Cole Vandenakker sold 2,750 shares of the business's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $55.30, for a total value of $152,075.00. Following the sale, the insider owned 23,913 shares in the company, valued at $1,322,388.90. This represents a 10.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Traeger Price Performance
Shares of COOK opened at $56.12 on Tuesday. The business has a 50-day simple moving average of $65.11 and a two-hundred day simple moving average of $51.72. Traeger, Inc. has a 12-month low of $20.91 and a 12-month high of $86.59. The stock has a market cap of $157.14 million, a PE ratio of -1.33 and a beta of 1.97. The company has a quick ratio of 2.29, a current ratio of 3.49 and a debt-to-equity ratio of 2.39.
Traeger (NYSE:COOK - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of ($1.57) by $2.10. Traeger had a negative return on equity of 13.76% and a negative net margin of 23.23%.The company had revenue of $120.16 million for the quarter, compared to analysts' expectations of $133.20 million. Analysts anticipate that Traeger, Inc. will post -0.3 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have weighed in on COOK shares. Zacks Research lowered shares of Traeger from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th. B. Riley Financial reiterated a "neutral" rating on shares of Traeger in a report on Friday, August 7th. Telsey Advisory Group lifted their price target on shares of Traeger from $45.00 to $65.00 and gave the stock a "market perform" rating in a report on Thursday, August 6th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $43.00 price objective (up from $37.50) on shares of Traeger in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Traeger from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Traeger currently has a consensus rating of "Hold" and an average target price of $50.50.
Check Out Our Latest Stock Report on Traeger
Hedge Funds Weigh In On Traeger
A number of institutional investors and hedge funds have recently modified their holdings of COOK. Bank of America Corp DE grew its holdings in Traeger by 36.6% in the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company's stock worth $80,000 after purchasing an additional 8,933 shares during the period. Empowered Funds LLC raised its holdings in shares of 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 purchasing an additional 14,271 shares during the period. XTX Topco Ltd acquired a new position in shares of Traeger during the second quarter valued at about $57,000. Marshall Wace LLP raised its stake in Traeger by 371.7% during the 2nd quarter. Marshall Wace LLP now owns 130,666 shares of the company's stock worth $223,000 after buying an additional 102,967 shares during the period. Finally, Diversify Wealth Management LLC raised its stake in Traeger by 32.8% during the 2nd quarter. Diversify Wealth Management LLC now owns 114,561 shares of the company's stock worth $196,000 after buying an additional 28,313 shares during the period. 46.84% of the stock is currently owned by institutional investors.
Traeger Company Profile
(
Get Free Report)
Traeger, trading on the NYSE under the ticker COOK, is a designer, manufacturer and marketer of wood pellet grills and outdoor cooking appliances. The company's core product lineup features a range of hardwood-pellet grills that combine wood-fired flavor with digital temperature control. Beyond grills, Traeger offers a suite of accessories—such as grill covers, smoking woods, meat probes and recipe rubs—as well as outdoor kitchen solutions designed to serve both consumer and light-commercial segments.
Founded in 1985 by Joe Traeger, the brand pioneered the wood-pellet grilling category.
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