Jeremy Andrus Purchases 165,000 Shares of Traeger, Inc. (NYSE:COOK) Stock

Traeger, Inc. (NYSE:COOKGet Free Report) CEO Jeremy Andrus bought 165,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was purchased at an average cost of $2.17 per share, for a total transaction of $358,050.00. Following the completion of the acquisition, the chief executive officer now owns 7,428,887 shares in the company, valued at $16,120,684.79. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Traeger Price Performance

Shares of COOK traded down $0.03 during mid-day trading on Thursday, reaching $2.16. The company had a trading volume of 506,171 shares, compared to its average volume of 294,726. The company’s 50 day simple moving average is $2.28 and its 200 day simple moving average is $2.33. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.74. Traeger, Inc. has a 1-year low of $1.97 and a 1-year high of $6.70. The company has a market capitalization of $277.71 million, a price-to-earnings ratio of -3.27 and a beta of 1.07.

Traeger (NYSE:COOKGet Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.04). Traeger had a negative return on equity of 22.43% and a negative net margin of 13.54%. The business had revenue of $163.48 million for the quarter, compared to analyst estimates of $153.10 million. Analysts expect that Traeger, Inc. will post -0.21 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on COOK. Telsey Advisory Group reduced their price target on shares of Traeger from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Canaccord Genuity Group reduced their price target on shares of Traeger from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Traeger currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.38.

View Our Latest Stock Analysis on COOK

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Glendon Capital Management LP acquired a new position in shares of Traeger in the 3rd quarter worth approximately $983,000. Swiss National Bank increased its stake in shares of Traeger by 14.4% in the 3rd quarter. Swiss National Bank now owns 136,200 shares of the company’s stock valued at $372,000 after acquiring an additional 17,100 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Traeger by 5.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 121,540 shares of the company’s stock valued at $332,000 after acquiring an additional 5,752 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in shares of Traeger in the 3rd quarter valued at $326,000. Finally, Blair William & Co. IL increased its stake in shares of Traeger by 11.6% in the 3rd quarter. Blair William & Co. IL now owns 98,447 shares of the company’s stock valued at $269,000 after acquiring an additional 10,260 shares in the last quarter. Institutional investors and hedge funds own 46.84% of the company’s stock.

About Traeger

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter for Traeger (NYSE:COOK)

Receive News & Ratings for Traeger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Traeger and related companies with MarketBeat.com's FREE daily email newsletter.