Traeger, Inc. (NYSE:COOK) Stock Holdings Lifted by Bailard Inc.

Bailard Inc. grew its stake in shares of Traeger, Inc. (NYSE:COOK) by 76.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 72,300 shares of the company’s stock after buying an additional 31,344 shares during the quarter. Bailard Inc.’s holdings in Traeger were worth $173,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Empowered Funds LLC boosted its position in shares of Traeger by 5.3% in 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 during the period. Drive Wealth Management LLC purchased a new position in shares of Traeger in the third quarter worth approximately $118,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of Traeger by 724.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 258,058 shares of the company’s stock valued at $950,000 after acquiring an additional 226,750 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Traeger in the 3rd quarter valued at approximately $50,000. Finally, State Street Corp boosted its stake in Traeger by 2.4% in the 3rd quarter. State Street Corp now owns 789,912 shares of the company’s stock worth $2,907,000 after purchasing an additional 18,671 shares during the period. 46.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on COOK shares. Royal Bank of Canada increased their target price on Traeger from $2.50 to $2.75 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Piper Sandler raised their price objective on Traeger from $3.50 to $3.75 and gave the stock 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 report on Friday, February 28th. Finally, 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.10.

Traeger Stock Down 1.1 %

COOK opened at $2.25 on Thursday. The company has a market capitalization of $293.20 million, a PE ratio of -5.61 and a beta of 1.32. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.09 and a quick ratio of 1.08. Traeger, Inc. has a fifty-two week low of $1.97 and a fifty-two week high of $3.97. The business has a 50-day moving average of $2.39 and a 200-day moving average of $2.95.

About Traeger

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.