Traeger (NYSE:COOK) Price Target Raised to $2.75

Traeger (NYSE:COOK) had its target price increased by Royal Bank of Canada from $2.50 to $2.75 in a research report released on Thursday morning,Benzinga reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages also recently issued reports on COOK. Robert W. Baird upped their price objective on Traeger from $2.50 to $3.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Canaccord Genuity Group increased their price target on Traeger from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler increased their price target on Traeger from $3.50 to $3.75 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $4.00 price target on shares of Traeger in a research note on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Traeger presently has a consensus rating of “Moderate Buy” and an average target price of $4.00.

Traeger Stock Down 4.0 %

Shares of NYSE:COOK opened at $3.14 on Thursday. The company has a market capitalization of $406.54 million, a PE ratio of -7.85 and a beta of 1.25. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.04 and a quick ratio of 1.21. The business has a fifty day moving average price of $3.37 and a two-hundred day moving average price of $2.81. Traeger has a 1 year low of $1.97 and a 1 year high of $3.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Traeger in the 1st quarter worth about $27,000. AQR Capital Management LLC bought a new position in Traeger in the 2nd quarter worth about $52,000. Norden Group LLC bought a new position in Traeger in the 1st quarter worth about $59,000. Drive Wealth Management LLC bought a new position in Traeger in the 3rd quarter worth about $118,000. Finally, Squarepoint Ops LLC boosted its stake in Traeger by 712.1% in the 2nd quarter. Squarepoint Ops LLC now owns 85,713 shares of the company’s stock worth $206,000 after purchasing an additional 75,159 shares during the period. Institutional investors own 46.84% of the company’s stock.

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.