25,000 Shares in Traeger, Inc. $COOK Bought by RFP Financial Group LLC

RFP Financial Group LLC acquired a new position in Traeger, Inc. (NYSE:COOK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,000 shares of the company’s stock, valued at approximately $27,000.

Several other large investors also recently modified their holdings of COOK. Lido Advisors LLC bought a new stake in shares of Traeger in the third quarter worth $27,000. Caz Investments LP grew its holdings in shares of Traeger by 100.0% in 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 period. XTX Topco Ltd bought a new stake in shares of Traeger in the second quarter worth $57,000. Bank of America Corp DE grew its holdings 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 during the period. Finally, Evergreen Capital Management LLC bought a new stake in shares of Traeger in the second quarter worth $93,000. Institutional investors own 46.84% of the company’s stock.

Traeger Stock Performance

NYSE:COOK opened at $69.95 on Monday. The stock has a 50-day simple moving average of $47.73 and a two-hundred day simple moving average of $45.50. Traeger, Inc. has a 52-week low of $20.91 and a 52-week high of $104.00. The company has a debt-to-equity ratio of 2.29, a quick ratio of 2.01 and a current ratio of 3.40. The firm has a market capitalization of $194.46 million, a PE ratio of -1.67 and a beta of 1.98.

Traeger (NYSE:COOK) last released its quarterly earnings results on Monday, May 11th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.36) by $4.85. Traeger had a negative return on equity of 13.76% and a negative net margin of 21.84%.The business had revenue of $94.07 million during the quarter, compared to analyst estimates of $95.05 million. Analysts forecast that Traeger, Inc. will post -2.29 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on COOK shares. Robert W. Baird set a $40.00 price objective on Traeger in a report on Tuesday, May 12th. Telsey Advisory Group lifted their price objective on Traeger from $43.00 to $45.00 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Canaccord Genuity Group cut their price objective on Traeger from $100.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. B. Riley Financial reissued a “neutral” rating and set a $40.00 price target (up from $30.00) on shares of Traeger in a report on Tuesday, May 12th. Finally, Wall Street Zen raised Traeger from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.08.

About Traeger

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.