GSA Capital Partners LLP Trims Stock Position in Traeger, Inc. (NYSE:COOK)

GSA Capital Partners LLP decreased its holdings in shares of Traeger, Inc. (NYSE:COOK) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 187,785 shares of the company’s stock after selling 7,711 shares during the quarter. GSA Capital Partners LLP’s holdings in Traeger were worth $691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diversify Wealth Management LLC increased its position in shares of Traeger by 5.4% during the 3rd quarter. Diversify Wealth Management LLC now owns 164,547 shares of the company’s stock worth $606,000 after purchasing an additional 8,499 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Traeger in the 1st quarter valued at approximately $27,000. AQR Capital Management LLC purchased a new position in shares of Traeger during the 2nd quarter worth approximately $52,000. Panagora Asset Management Inc. increased its holdings in 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in 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. Hedge funds and other institutional investors own 46.84% of the company’s stock.

Traeger Stock Up 0.7 %

Traeger stock opened at $2.97 on Monday. The stock has a market cap of $387.88 million, a PE ratio of -7.42 and a beta of 1.25. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.09 and a quick ratio of 1.08. The stock’s fifty day moving average is $3.32 and its two-hundred day moving average is $2.84. Traeger, Inc. has a 1-year low of $1.97 and a 1-year high of $3.97.

Traeger (NYSE:COOK) last issued its earnings results on Wednesday, November 6th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $122.05 million for the quarter, compared to analyst estimates of $118.74 million. Traeger had a negative return on equity of 10.57% and a negative net margin of 8.53%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.16) EPS. On average, sell-side analysts expect that Traeger, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

COOK has been the subject of a number of research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $4.00 price objective on shares of Traeger in a research note on Thursday, November 7th. Canaccord Genuity Group increased their price target on shares of Traeger from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Piper Sandler lifted their price objective on shares of Traeger from $3.50 to $3.75 and gave the company a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price target on shares of Traeger from $2.50 to $2.75 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird upped their price objective on Traeger from $2.50 to $3.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.00.

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.