Diversify Wealth Management LLC Sells 78,299 Shares of Traeger, Inc. (NYSE:COOK)

Diversify Wealth Management LLC decreased its position in shares of Traeger, Inc. (NYSE:COOK) by 47.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,248 shares of the company’s stock after selling 78,299 shares during the quarter. Diversify Wealth Management LLC’s holdings in Traeger were worth $196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrature Capital Ltd acquired a new stake in Traeger during the third quarter worth approximately $50,000. SG Americas Securities LLC bought a new position in shares of Traeger during the 3rd quarter worth approximately $51,000. Public Employees Retirement System of Ohio grew its position in shares of Traeger by 70.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,883 shares of the company’s stock worth $62,000 after buying an additional 7,006 shares during the period. AQR Capital Management LLC bought a new stake in shares of Traeger in the 2nd quarter valued at $52,000. Finally, XTX Topco Ltd acquired a new position in shares of Traeger during the 3rd quarter valued at $118,000. Institutional investors and hedge funds own 46.84% of the company’s stock.

Traeger Stock Performance

Shares of Traeger stock opened at $2.48 on Friday. Traeger, Inc. has a 52 week low of $1.97 and a 52 week high of $3.97. The company has a quick ratio of 1.08, a current ratio of 2.09 and a debt-to-equity ratio of 1.42. The business has a 50 day moving average price of $2.74 and a 200-day moving average price of $2.97. The company has a market cap of $323.24 million, a PE ratio of -6.19 and a beta of 1.32.

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

Analyst Upgrades and Downgrades

COOK has been the subject of several research analyst reports. Royal Bank of Canada lifted their price target on shares of Traeger from $2.50 to $2.75 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group upped their price target on Traeger from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler raised their price objective on Traeger from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $4.00 target price 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 two have assigned a buy rating to the company. According to MarketBeat, Traeger has a consensus rating of “Hold” and an average price target of $4.10.

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.