Quadrature Capital Ltd Invests $50,000 in Traeger, Inc. (NYSE:COOK)

Quadrature Capital Ltd bought a new position in shares of Traeger, Inc. (NYSE:COOK) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,455 shares of the company’s stock, valued at approximately $50,000.

Other large investors have also modified their holdings of the company. Jacobs Levy Equity Management Inc. grew 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 worth $950,000 after buying an additional 226,750 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Traeger by 5.3% during the third quarter. Empowered Funds LLC now owns 145,763 shares of the company’s stock worth $536,000 after buying an additional 7,370 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Traeger during the second quarter worth $52,000. Panagora Asset Management Inc. grew its holdings in shares of Traeger by 19.4% during the second quarter. Panagora Asset Management Inc. now owns 182,484 shares of the company’s stock worth $438,000 after buying an additional 29,694 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Traeger by 712.1% during the second quarter. Squarepoint Ops LLC now owns 85,713 shares of the company’s stock worth $206,000 after buying an additional 75,159 shares in the last quarter. Hedge funds and other institutional investors own 46.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COOK. Telsey Advisory Group reissued an “outperform” rating and set a $4.00 price target on shares of Traeger in a research report on Thursday, November 7th. Piper Sandler upped their target price on shares of Traeger from $3.50 to $3.75 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their target price on shares of Traeger from $2.50 to $2.75 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group upped their target price on shares of Traeger from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Three 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 stock presently has a consensus rating of “Hold” and a consensus target price of $4.10.

Traeger Stock Performance

NYSE COOK opened at $3.05 on Friday. The firm has a 50 day simple moving average of $3.15 and a 200-day simple moving average of $2.95. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.08 and a current ratio of 2.09. Traeger, Inc. has a one year low of $1.97 and a one year high of $3.97. The firm has a market cap of $398.34 million, a price-to-earnings ratio of -7.63 and a beta of 1.25.

Traeger (NYSE:COOK) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). Traeger had a negative net margin of 8.53% and a negative return on equity of 10.57%. The business had revenue of $122.05 million during the quarter, compared to analyst estimates of $118.74 million. During the same quarter last year, the firm posted ($0.16) earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that Traeger, Inc. will post -0.12 EPS for the current fiscal year.

Traeger Profile

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.