227,657 Shares in Traeger, Inc. $COOK Purchased by Drive Wealth Management LLC

Drive Wealth Management LLC bought a new stake in Traeger, Inc. (NYSE:COOK) in the second quarter, HoldingsChannel.com reports. The fund bought 227,657 shares of the company’s stock, valued at approximately $389,000.

Other institutional investors also recently made changes to their positions in the company. Norden Group LLC raised its position in shares of Traeger by 27.2% during the 2nd quarter. Norden Group LLC now owns 23,350 shares of the company’s stock worth $40,000 after purchasing an additional 5,000 shares during the period. Bank of America Corp DE grew its stake in Traeger by 36.6% during the 4th quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock worth $80,000 after buying an additional 8,933 shares during the last quarter. Nuveen LLC bought a new position in Traeger during the 1st quarter worth $122,000. Empowered Funds LLC increased its position in Traeger by 9.3% in the first quarter. Empowered Funds LLC now owns 167,696 shares of the company’s stock worth $282,000 after buying an additional 14,271 shares during the period. Finally, Strs Ohio bought a new stake in Traeger in the first quarter valued at $672,000. 46.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on COOK shares. Telsey Advisory Group lowered their price target on shares of Traeger from $2.00 to $1.75 and set a “market perform” rating for the company in a research report on Thursday, August 7th. B. Riley lowered shares of Traeger from a “buy” rating to a “neutral” rating and reduced their target price for the company from $3.00 to $1.50 in a research note on Wednesday, August 13th. Royal Bank Of Canada decreased their target price on shares of Traeger from $1.50 to $1.25 and set a “sector perform” rating for the company in a research report on Thursday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Traeger in a research note on Tuesday, October 14th. Finally, Wall Street Zen downgraded Traeger from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $2.13.

Traeger Price Performance

Traeger stock opened at $1.01 on Tuesday. Traeger, Inc. has a 52 week low of $0.98 and a 52 week high of $3.59. The stock has a market cap of $137.25 million, a price-to-earnings ratio of -3.74 and a beta of 1.43. The company’s 50-day moving average price is $1.25 and its two-hundred day moving average price is $1.49. The company has a current ratio of 2.92, a quick ratio of 1.38 and a debt-to-equity ratio of 1.45.

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.