Traeger (NYSE:COOK) Price Target Lowered to $2.50 at Robert W. Baird

Traeger (NYSE:COOK) had its price objective decreased by Robert W. Baird from $3.50 to $2.50 in a research report sent to investors on Friday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Piper Sandler raised their price objective on Traeger from $3.50 to $3.75 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Canaccord Genuity Group dropped their target price on Traeger from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank of Canada lifted their target price on Traeger from $2.50 to $2.75 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Finally, Telsey Advisory Group downgraded Traeger from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $4.00 to $2.50 in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Traeger currently has a consensus rating of “Hold” and a consensus target price of $2.83.

Traeger Stock Up 1.6 %

Shares of NYSE:COOK opened at $2.19 on Friday. The business has a 50-day moving average price of $2.39 and a 200 day moving average price of $2.95. The company has a current ratio of 2.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $286.54 million, a price-to-earnings ratio of -5.48 and a beta of 1.32. Traeger has a 12-month low of $1.82 and a 12-month high of $3.97.

Hedge Funds Weigh In On Traeger

Several hedge funds and other institutional investors have recently made changes to their positions in COOK. Jacobs Levy Equity Management Inc. boosted its stake in shares of Traeger by 724.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 258,058 shares of the company’s stock valued at $950,000 after buying an additional 226,750 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Traeger by 84.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 475,411 shares of the company’s stock valued at $1,136,000 after buying an additional 217,771 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Traeger by 758.1% in the 4th quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company’s stock valued at $325,000 after buying an additional 120,136 shares during the period. Bosun Asset Management LLC boosted its stake in shares of Traeger by 267.7% in the 4th quarter. Bosun Asset Management LLC now owns 95,235 shares of the company’s stock valued at $228,000 after buying an additional 69,335 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Traeger by 36.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 232,052 shares of the company’s stock valued at $555,000 after buying an additional 61,923 shares during the period. Hedge funds and other institutional investors 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.