Cole Vandenakker Sells 2,750 Shares of Traeger (NYSE:COOK) Stock

Traeger, Inc. (NYSE:COOK) insider Cole Vandenakker sold 2,750 shares of Traeger stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $55.30, for a total value of $152,075.00. Following the completion of the transaction, the insider directly owned 23,913 shares in the company, valued at $1,322,388.90. This represents a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Traeger Stock Down 4.7%

Shares of NYSE:COOK opened at $53.43 on Wednesday. The stock has a 50-day simple moving average of $64.83 and a 200-day simple moving average of $51.80. The stock has a market capitalization of $149.60 million, a P/E ratio of -1.27 and a beta of 1.93. Traeger, Inc. has a 1 year low of $20.91 and a 1 year high of $86.59. The company has a debt-to-equity ratio of 2.39, a quick ratio of 2.29 and a current ratio of 3.49.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on COOK shares. Royal Bank Of Canada restated a “sector perform” rating and set a $43.00 price objective (up from $37.50) on shares of Traeger in a research note on Friday, August 7th. Telsey Advisory Group increased their target price on Traeger from $45.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded Traeger from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded Traeger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Finally, Canaccord Genuity Group set a $77.00 price target on Traeger and gave the stock a “buy” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $50.50.

Institutional Investors Weigh In On Traeger

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC purchased a new position in Traeger in the 3rd quarter valued at about $27,000. RFP Financial Group LLC purchased a new stake in shares of Traeger during the fourth quarter worth about $27,000. Caz Investments LP increased its position in shares of Traeger by 100.0% during the fourth quarter. Caz Investments LP now owns 40,000 shares of the company’s stock worth $43,000 after acquiring an additional 20,000 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Traeger in the second quarter worth about $57,000. Finally, Bank of America Corp DE lifted its stake in shares of Traeger by 36.6% in the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock worth $80,000 after acquiring an additional 8,933 shares in the last quarter. Hedge funds and other institutional investors 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.