Traeger, Inc. (NYSE:COOK) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its stake in shares of Traeger, Inc. (NYSE:COOK) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,785 shares of the company’s stock after selling 7,711 shares during the period. GSA Capital Partners LLP owned about 0.15% of Traeger worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC grew its stake in shares of Traeger by 398.0% during the 1st quarter. Empowered Funds LLC now owns 128,493 shares of the company’s stock worth $325,000 after purchasing an additional 102,689 shares during the period. SG Americas Securities LLC purchased a new position in Traeger in the first quarter valued at $27,000. Panagora Asset Management Inc. raised its position in shares of Traeger by 19.4% in the second quarter. Panagora Asset Management Inc. now owns 182,484 shares of the company’s stock worth $438,000 after acquiring an additional 29,694 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Traeger by 56.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 201,562 shares of the company’s stock worth $484,000 after acquiring an additional 72,637 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Traeger during the 2nd quarter valued at about $345,000. 46.84% of the stock is currently owned by hedge funds and other institutional investors.

Traeger Stock Up 0.7 %

COOK stock opened at $2.97 on Monday. 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 firm has a 50-day moving average of $3.32 and a two-hundred day moving average of $2.84. Traeger, Inc. has a 12 month low of $1.97 and a 12 month high of $3.97. The company has a market cap of $387.88 million, a price-to-earnings ratio of -7.42 and a beta of 1.25.

Traeger (NYSE:COOK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). The firm had revenue of $122.05 million during the quarter, compared to analysts’ expectations of $118.74 million. Traeger had a negative return on equity of 10.57% and a negative net margin of 8.53%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.16) earnings per share. As a group, analysts forecast that Traeger, Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on COOK shares. 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 report on Thursday, November 7th. Piper Sandler lifted their price target on shares of Traeger from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird upped their price objective on shares of Traeger from $2.50 to $3.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their target price on shares of 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 restated an “outperform” rating and set a $4.00 price target on shares of Traeger in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Traeger has a consensus rating of “Moderate Buy” and an average price target of $4.00.

Traeger 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.