XTX Topco Ltd Purchases Shares of 32,011 Traeger, Inc. (NYSE:COOK)

XTX Topco Ltd acquired a new stake in Traeger, Inc. (NYSE:COOK) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 32,011 shares of the company’s stock, valued at approximately $118,000.

Other large investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. boosted its stake in shares of Traeger by 724.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 258,058 shares of the company’s stock valued at $950,000 after purchasing an additional 226,750 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Traeger by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 145,763 shares of the company’s stock valued at $536,000 after purchasing an additional 7,370 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Traeger during the 2nd quarter worth approximately $52,000. Panagora Asset Management Inc. increased its stake in Traeger by 19.4% in the second 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, Squarepoint Ops LLC increased its position in Traeger by 712.1% in the 2nd quarter. Squarepoint Ops LLC now owns 85,713 shares of the company’s stock valued at $206,000 after buying an additional 75,159 shares in the last quarter. Institutional investors own 46.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COOK. Piper Sandler increased their price target on Traeger from $3.50 to $3.75 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $4.00 target price on shares of Traeger in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price objective on Traeger from $2.50 to $2.75 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group raised their price target on Traeger from $6.00 to $7.00 and gave the company a “buy” 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.10.

Traeger Stock Performance

NYSE:COOK opened at $2.59 on Friday. The business has a 50 day moving average price of $3.09 and a 200-day moving average price of $2.96. Traeger, Inc. has a fifty-two week low of $1.97 and a fifty-two week high of $3.97. The firm has a market cap of $338.26 million, a PE ratio of -6.47 and a beta of 1.25. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.08 and a current ratio of 2.09.

Traeger (NYSE:COOK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). Traeger had a negative return on equity of 10.57% and a negative net margin of 8.53%. The company had revenue of $122.05 million for the quarter, compared to the consensus estimate of $118.74 million. During the same quarter in the previous year, the business earned ($0.16) EPS. Traeger’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that Traeger, Inc. will post -0.12 earnings per share for the current year.

Traeger Company 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.