143,746 Shares in Traeger, Inc. (NYSE:COOK) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new position in shares of Traeger, Inc. (NYSE:COOK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 143,746 shares of the company’s stock, valued at approximately $345,000. Renaissance Technologies LLC owned approximately 0.11% of Traeger as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COOK. Empowered Funds LLC lifted its position in 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 acquiring an additional 102,689 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Traeger by 56.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 201,562 shares of the company’s stock valued at $484,000 after purchasing an additional 72,637 shares in the last quarter. Norden Group LLC acquired a new position in shares of Traeger in the 1st quarter valued at approximately $118,000. Panagora Asset Management Inc. raised its position in shares of Traeger by 19.4% in the 2nd quarter. Panagora Asset Management Inc. now owns 182,484 shares of the company’s stock valued at $438,000 after purchasing an additional 29,694 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Traeger in the 1st quarter valued at approximately $27,000. 46.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COOK has been the topic of a number of recent analyst reports. Piper Sandler raised Traeger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Robert W. Baird upped their target price on Traeger from $2.50 to $3.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $4.00 target price on shares of Traeger in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada upped their target price on Traeger from $2.00 to $2.50 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3.30.

Traeger Price Performance

Shares of NYSE COOK opened at $3.34 on Friday. Traeger, Inc. has a twelve month low of $1.97 and a twelve month high of $3.97. The company has a current ratio of 2.04, a quick ratio of 1.21 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $432.43 million, a price-to-earnings ratio of -8.15 and a beta of 1.23. The business has a 50 day simple moving average of $3.35 and a 200-day simple moving average of $2.68.

Traeger (NYSE:COOK) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $168.47 million during the quarter, compared to the consensus estimate of $168.07 million. Traeger had a negative return on equity of 12.65% and a negative net margin of 8.50%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.23) EPS. As a group, equities research analysts expect that Traeger, Inc. will post -0.12 earnings per share for the current year.

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.