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

Bailard Inc. lifted its stake in shares of Traeger, Inc. (NYSE:COOK) by 76.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,300 shares of the company’s stock after purchasing an additional 31,344 shares during the quarter. Bailard Inc. owned about 0.06% of Traeger worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Empowered Funds LLC lifted its stake in Traeger by 5.3% in the fourth quarter. Empowered Funds LLC now owns 153,425 shares of the company’s stock valued at $367,000 after buying an additional 7,662 shares during the last quarter. Barclays PLC increased its holdings in shares of Traeger by 271.7% in the 3rd quarter. Barclays PLC now owns 44,861 shares of the company’s stock worth $166,000 after acquiring an additional 32,793 shares during the period. Public Employees Retirement System of Ohio lifted its position in Traeger by 70.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,883 shares of the company’s stock valued at $62,000 after purchasing an additional 7,006 shares during the last quarter. XTX Topco Ltd acquired a new position in Traeger during the 3rd quarter valued at about $118,000. Finally, State Street Corp grew its position 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 last quarter. Institutional investors own 46.84% of the company’s stock.

Traeger Stock Down 1.1 %

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

Analysts Set New Price Targets

COOK has been the topic of a number of recent analyst reports. Canaccord Genuity Group lifted their price target on Traeger from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their target price on Traeger from $2.50 to $2.75 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Piper Sandler increased their price target on Traeger from $3.50 to $3.75 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $4.00 price objective on shares of Traeger in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.10.

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.