160,000 Shares in Traeger, Inc. $COOK Purchased by MYDA Advisors LLC

MYDA Advisors LLC acquired a new position in shares of Traeger, Inc. (NYSE:COOK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 160,000 shares of the company’s stock, valued at approximately $173,000. MYDA Advisors LLC owned approximately 0.12% of Traeger at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COOK. Artisan Partners Limited Partnership bought a new position in Traeger during the third quarter valued at approximately $1,220,000. GSA Capital Partners LLP lifted its position in Traeger by 18.1% during the third quarter. GSA Capital Partners LLP now owns 404,840 shares of the company’s stock valued at $494,000 after purchasing an additional 62,074 shares during the period. JPMorgan Chase & Co. lifted its position in Traeger by 9,116.3% during the third quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock valued at $2,889,000 after purchasing an additional 2,342,438 shares during the period. Bridgeway Capital Management LLC lifted its position in Traeger by 2.5% during the second quarter. Bridgeway Capital Management LLC now owns 681,747 shares of the company’s stock valued at $1,166,000 after purchasing an additional 16,751 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Traeger by 118.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 256,082 shares of the company’s stock valued at $312,000 after purchasing an additional 138,603 shares during the period. Institutional investors own 46.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on COOK. Canaccord Genuity Group lowered their target price on Traeger from $100.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Weiss Ratings raised Traeger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Telsey Advisory Group increased their target price on Traeger from $43.00 to $45.00 and gave the company a “market perform” rating in a report on Tuesday, May 12th. Robert W. Baird set a $40.00 target price on Traeger in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Traeger from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.08.

Traeger Stock Down 0.2%

COOK opened at $69.95 on Monday. The company has a current ratio of 3.40, a quick ratio of 2.01 and a debt-to-equity ratio of 2.29. Traeger, Inc. has a 1-year low of $20.91 and a 1-year high of $104.00. The company has a market capitalization of $194.46 million, a PE ratio of -1.67 and a beta of 1.98. The firm’s 50 day simple moving average is $47.73 and its two-hundred day simple moving average is $45.50.

Traeger (NYSE:COOK) last released its quarterly earnings results on Monday, May 11th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of ($3.36) by $4.85. Traeger had a negative net margin of 21.84% and a negative return on equity of 13.76%. The business had revenue of $94.07 million for the quarter, compared to the consensus estimate of $95.05 million. As a group, equities analysts forecast that Traeger, Inc. will post -2.29 EPS for the current year.

Traeger Company Profile

Traeger, trading on the NYSE under the ticker COOK, is a designer, manufacturer and marketer of wood pellet grills and outdoor cooking appliances. The company’s core product lineup features a range of hardwood-pellet grills that combine wood-fired flavor with digital temperature control. Beyond grills, Traeger offers a suite of accessories—such as grill covers, smoking woods, meat probes and recipe rubs—as well as outdoor kitchen solutions designed to serve both consumer and light-commercial segments.

Founded in 1985 by Joe Traeger, the brand pioneered the wood-pellet grilling category.