Waratah Capital Advisors Ltd. Purchases 78,016 Shares of Traeger, Inc. (NYSE:COOK)

Waratah Capital Advisors Ltd. raised its position in shares of Traeger, Inc. (NYSE:COOKGet Rating) by 12.8% in the first quarter, HoldingsChannel reports. The firm owned 686,245 shares of the company’s stock after acquiring an additional 78,016 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Traeger were worth $5,106,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Advisor Group Holdings Inc. raised its position in shares of Traeger by 60.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,632 shares of the company’s stock worth $44,000 after acquiring an additional 1,373 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Traeger in the 4th quarter worth $46,000. Allspring Global Investments Holdings LLC bought a new position in shares of Traeger in the 4th quarter worth $123,000. D.A. Davidson & CO. bought a new position in shares of Traeger in the 4th quarter worth $229,000. Finally, Blair William & Co. IL bought a new position in shares of Traeger in the 4th quarter worth $433,000. 59.28% of the stock is owned by institutional investors.

Traeger Stock Performance

Traeger stock traded down $0.02 during trading hours on Friday, hitting $3.40. 743,315 shares of the stock traded hands, compared to its average volume of 786,768. Traeger, Inc. has a 1 year low of $2.88 and a 1 year high of $32.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.75 and a quick ratio of 0.93. The stock has a market capitalization of $401.91 million and a price-to-earnings ratio of -2.86. The firm’s 50 day moving average price is $4.13 and its 200-day moving average price is $6.59.

Traeger (NYSE:COOKGet Rating) last issued its earnings results on Wednesday, May 11th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Traeger had a negative return on equity of 10.48% and a negative net margin of 17.60%. The firm had revenue of $223.71 million for the quarter, compared to the consensus estimate of $210.44 million. As a group, equities analysts expect that Traeger, Inc. will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on COOK. Piper Sandler reduced their price target on Traeger from $10.00 to $7.00 in a research report on Thursday, May 12th. Robert W. Baird dropped their target price on Traeger from $12.00 to $9.00 in a research note on Thursday, May 12th. Telsey Advisory Group downgraded Traeger from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $9.00 to $5.00 in a research note on Thursday, July 21st. Finally, Credit Suisse Group downgraded Traeger from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $9.00 to $4.00 in a research note on Tuesday, July 26th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.28.

Traeger Profile

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Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbeque 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.

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Institutional Ownership by Quarter for Traeger (NYSE:COOK)

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