Insider Selling: Traeger (NYSE:COOK) Insider Sells $152,075.00 in Stock

Traeger, Inc. (NYSE:COOK) insider Cole Vandenakker sold 2,750 shares of Traeger stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $55.30, for a total value of $152,075.00. Following the sale, the insider directly owned 23,913 shares in the company, valued at $1,322,388.90. The trade was a 10.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Traeger Stock Performance

Shares of NYSE COOK opened at $51.62 on Thursday. The firm has a market capitalization of $144.52 million, a price-to-earnings ratio of -1.23 and a beta of 1.93. Traeger, Inc. has a one year low of $20.91 and a one year high of $86.59. The business has a fifty day simple moving average of $64.30 and a 200 day simple moving average of $51.86. The company has a current ratio of 3.49, a quick ratio of 2.29 and a debt-to-equity ratio of 2.39.

Traeger (NYSE:COOK) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.57) by $2.10. The firm had revenue of $120.16 million for the quarter, compared to the consensus estimate of $133.20 million. Traeger had a negative net margin of 23.23% and a negative return on equity of 13.76%. Sell-side analysts expect that Traeger, Inc. will post -0.3 EPS for the current year.

Wall Street Analyst Weigh In

COOK has been the subject of several recent research reports. Wall Street Zen raised shares of Traeger from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research lowered Traeger from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Canaccord Genuity Group set a $77.00 target price on Traeger and gave the stock a “buy” rating in a report on Thursday, August 6th. Piper Sandler restated a “neutral” rating and set a $38.00 target price on shares of Traeger in a research report on Tuesday, May 12th. Finally, Robert W. Baird set a $40.00 price target on Traeger in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $50.50.

Institutional Trading of Traeger

Several hedge funds have recently modified their holdings of the company. Caz Investments LP bought a new position in shares of Traeger in the second quarter valued at approximately $47,000. Empowered Funds LLC increased its holdings in Traeger by 9.2% during the 4th quarter. Empowered Funds LLC now owns 227,741 shares of the company’s stock valued at $246,000 after purchasing an additional 19,280 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in Traeger by 100.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,000,000 shares of the company’s stock valued at $2,160,000 after purchasing an additional 1,000,000 shares in the last quarter. Blair William & Co. IL raised its position in Traeger by 19.9% in the 4th quarter. Blair William & Co. IL now owns 92,680 shares of the company’s stock valued at $100,000 after purchasing an additional 15,400 shares during the last quarter. Finally, RFP Financial Group LLC bought a new position in Traeger in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 46.84% of the company’s stock.

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.