Squarepoint Ops LLC Has $206,000 Stock Position in Traeger, Inc. (NYSE:COOK)

Squarepoint Ops LLC grew its holdings in shares of Traeger, Inc. (NYSE:COOK) by 712.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,713 shares of the company’s stock after purchasing an additional 75,159 shares during the quarter. Squarepoint Ops LLC owned about 0.07% of Traeger worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in Traeger in the 2nd quarter worth approximately $345,000. Dimensional Fund Advisors LP raised its position in shares of Traeger by 56.3% in the second 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 during the period. Panagora Asset Management Inc. lifted its stake 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 buying an additional 29,694 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Traeger during the 1st quarter worth $27,000. Finally, Empowered Funds LLC grew its stake in Traeger by 398.0% in the 1st quarter. Empowered Funds LLC now owns 128,493 shares of the company’s stock valued at $325,000 after buying an additional 102,689 shares during the last quarter. Institutional investors and hedge funds own 46.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on COOK. Robert W. Baird boosted their target price 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. Piper Sandler raised Traeger from a “hold” rating to a “strong-buy” 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 report on Wednesday, August 7th. Finally, Royal Bank of Canada upped their price target on Traeger from $2.00 to $2.50 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $3.30.

Traeger Stock Up 2.5 %

COOK stock 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 quick ratio of 1.21, a current ratio of 2.04 and a debt-to-equity ratio of 1.34. The company has a market cap of $432.43 million, a PE ratio of -8.15 and a beta of 1.23. The business’s 50-day simple moving average is $3.35 and its 200 day simple moving average is $2.68.

Traeger (NYSE:COOK) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $168.47 million for the quarter, compared to analyst estimates of $168.07 million. Traeger had a negative return on equity of 12.65% and a negative net margin of 8.50%. Traeger’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.23) EPS. On average, research analysts anticipate that Traeger, Inc. will post -0.12 earnings per share for the current year.

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.