Traeger (COOK) Scheduled to Post Earnings on Thursday

Traeger (NYSE:COOK – Get Rating) will be posting its quarterly earnings results after the market closes on Thursday, March 16th. Analysts expect Traeger to post earnings of ($0.17) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Traeger Stock Performance

COOK stock opened at $3.72 on Thursday. The stock has a market capitalization of $439.85 million, a PE ratio of -1.15 and a beta of 0.74. Traeger has a 12-month low of $2.48 and a 12-month high of $9.91. The company has a current ratio of 2.13, a quick ratio of 0.66 and a debt-to-equity ratio of 1.19. The stock’s 50 day simple moving average is $3.48 and its 200 day simple moving average is $3.31.

Institutional Investors Weigh In On Traeger

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC increased its stake in shares of Traeger by 133,627.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 139,892,199 shares of the company’s stock worth $394,496,000 after purchasing an additional 139,787,589 shares in the last quarter. FMR LLC increased its stake in Traeger by 30.7% in the 2nd quarter. FMR LLC now owns 6,103,139 shares of the company’s stock worth $25,939,000 after buying an additional 1,435,066 shares in the last quarter. Vanguard Group Inc. increased its stake in Traeger by 19.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,060,681 shares of the company’s stock worth $8,632,000 after buying an additional 498,380 shares in the last quarter. BlackRock Inc. increased its stake in Traeger by 23.1% in the 3rd quarter. BlackRock Inc. now owns 2,714,493 shares of the company’s stock worth $7,654,000 after buying an additional 510,156 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Traeger by 615.6% in the 2nd quarter. Millennium Management LLC now owns 1,757,399 shares of the company’s stock worth $7,469,000 after buying an additional 1,511,821 shares in the last quarter. 45.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Canaccord Genuity Group assumed coverage on Traeger in a research report on Thursday, November 17th. They issued a “buy” rating and a $6.00 price objective on the stock. Telsey Advisory Group lowered their price target on Traeger from $4.00 to $3.50 and set a “market perform” rating on the stock in a report on Thursday, November 10th. William Blair reissued a “market perform” rating on shares of Traeger in a report on Friday, December 16th. Canaccord Genuity Group began coverage on Traeger in a report on Wednesday, November 16th. They set a “buy” rating and a $6.00 price target on the stock. Finally, Credit Suisse Group lowered their price target on Traeger to $3.15 in a report on Tuesday, November 15th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.29.

Traeger Company Profile

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Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbeque 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.