MYDA Advisors LLC Takes $173,000 Position in Traeger, Inc. $COOK

MYDA Advisors LLC acquired a new stake in shares of Traeger, Inc. (NYSE:COOK) during the 4th quarter, Holdings Channel reports. The fund acquired 160,000 shares of the company’s stock, valued at approximately $173,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Traeger by 9,116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock valued at $2,889,000 after purchasing an additional 2,342,438 shares during the period. Artisan Partners Limited Partnership bought a new stake in shares of Traeger during the 3rd quarter valued at $1,220,000. Bridgeway Capital Management LLC raised its position in shares of Traeger by 27.1% during the 3rd quarter. Bridgeway Capital Management LLC now owns 866,761 shares of the company’s stock valued at $1,057,000 after purchasing an additional 185,014 shares during the period. Millennium Management LLC raised its position in shares of Traeger by 20.2% during the 3rd quarter. Millennium Management LLC now owns 498,259 shares of the company’s stock valued at $608,000 after purchasing an additional 83,796 shares during the period. Finally, GSA Capital Partners LLP raised its position in shares of Traeger by 18.1% during the 3rd quarter. GSA Capital Partners LLP now owns 404,840 shares of the company’s stock valued at $494,000 after purchasing an additional 62,074 shares during the period. 46.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on COOK shares. B. Riley Financial restated a “neutral” rating and set a $40.00 price objective (up from $30.00) on shares of Traeger in a research report on Tuesday, May 12th. Weiss Ratings upgraded shares of Traeger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Canaccord Genuity Group reduced their price target on shares of Traeger from $100.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Robert W. Baird set a $40.00 price target on shares of Traeger in a report on Tuesday, May 12th. Finally, Telsey Advisory Group lifted their price target on shares of Traeger from $43.00 to $45.00 and gave the company a “market perform” rating in a report on Tuesday, May 12th. One 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’s stock. Based on data from MarketBeat, Traeger presently has an average rating of “Hold” and an average target price of $50.08.

Traeger Stock Performance

Shares of NYSE COOK opened at $69.95 on Monday. 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 company has a market cap of $194.46 million, a P/E ratio of -1.67 and a beta of 1.98. The firm’s fifty day moving average is $47.73 and its two-hundred day moving average is $45.50. Traeger, Inc. has a 52-week low of $20.91 and a 52-week high of $104.00.

Traeger (NYSE:COOK) last issued its quarterly earnings data on Monday, May 11th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of ($3.36) by $4.85. Traeger had a negative net margin of 21.84% and a negative return on equity of 13.76%. The business had revenue of $94.07 million during the quarter, compared to analysts’ expectations of $95.05 million. As a group, analysts anticipate that Traeger, Inc. will post -2.29 EPS for the current fiscal year.

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.