Charles Schwab Investment Management Inc. Sells 19,300 Shares of Traeger, Inc. (NYSE:COOK)

Charles Schwab Investment Management Inc. lessened its position in Traeger, Inc. (NYSE:COOK) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 442,697 shares of the company’s stock after selling 19,300 shares during the period. Charles Schwab Investment Management Inc. owned about 0.34% of Traeger worth $1,629,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of COOK. Renaissance Technologies LLC acquired a new position in shares of Traeger during the second quarter valued at $345,000. Squarepoint Ops LLC increased its holdings in Traeger by 712.1% during the second quarter. Squarepoint Ops LLC now owns 85,713 shares of the company’s stock worth $206,000 after buying an additional 75,159 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 buying an additional 72,637 shares during the last quarter. Drive Wealth Management LLC acquired a new stake in shares of Traeger during the 3rd quarter worth about $118,000. Finally, Panagora Asset Management Inc. increased its stake in shares of Traeger by 19.4% during the second quarter. Panagora Asset Management Inc. now owns 182,484 shares of the company’s stock worth $438,000 after purchasing an additional 29,694 shares during the period. 46.84% of the stock is currently owned by institutional investors.

Traeger Stock Up 0.3 %

COOK opened at $3.04 on Tuesday. 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 1.08, a current ratio of 2.09 and a debt-to-equity ratio of 1.42. The company’s 50-day moving average price is $3.14 and its two-hundred day moving average price is $2.96. The stock has a market cap of $397.03 million, a price-to-earnings ratio of -7.60 and a beta of 1.25.

Traeger (NYSE:COOK) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). Traeger had a negative net margin of 8.53% and a negative return on equity of 10.57%. The company had revenue of $122.05 million during the quarter, compared to the consensus estimate of $118.74 million. During the same period last year, the firm earned ($0.16) EPS. Traeger’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts expect that Traeger, Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

COOK has been the topic of a number of recent research reports. Canaccord Genuity Group raised their price objective on Traeger from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their target price on Traeger from $2.50 to $2.75 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $4.00 target price on shares of Traeger in a research note on Thursday, November 7th. Finally, Piper Sandler upped their price target on Traeger from $3.50 to $3.75 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Traeger presently 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.