Traeger, Inc. (NYSE:COOK) Shares Bought by Barclays PLC

Barclays PLC increased its position in Traeger, Inc. (NYSE:COOK) by 271.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,861 shares of the company’s stock after acquiring an additional 32,793 shares during the period. Barclays PLC’s holdings in Traeger were worth $166,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of COOK. Quadrature Capital Ltd bought a new position in shares of Traeger during the 3rd quarter valued at about $50,000. SG Americas Securities LLC bought a new position in shares of Traeger during the 3rd quarter valued at about $51,000. Public Employees Retirement System of Ohio boosted 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 valued at $62,000 after purchasing an additional 7,006 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Traeger in the second quarter worth about $52,000. Finally, XTX Topco Ltd acquired a new position in shares of Traeger in the third quarter worth about $118,000. Institutional investors and hedge funds own 46.84% of the company’s stock.

Traeger Price Performance

Shares of COOK opened at $2.53 on Thursday. Traeger, Inc. has a 52-week low of $1.97 and a 52-week high of $3.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.08 and a current ratio of 2.09. The stock has a 50 day simple moving average of $2.75 and a 200 day simple moving average of $2.97. The firm has a market capitalization of $330.03 million, a PE ratio of -6.32 and a beta of 1.32.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on COOK. Canaccord Genuity Group increased their price target on shares of Traeger from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Piper Sandler increased their price target on shares of Traeger from $3.50 to $3.75 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $4.00 price target on shares of Traeger in a research report on Thursday, November 7th. Finally, Royal Bank of Canada raised their price objective 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Traeger currently has an average rating of “Hold” and a consensus target price of $4.10.

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.