RFP Financial Group LLC Makes New Investment in Traeger, Inc. $COOK

RFP Financial Group LLC bought a new position in Traeger, Inc. (NYSE:COOK) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,000 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds have also added to or reduced their stakes in COOK. JPMorgan Chase & Co. boosted its holdings in Traeger by 9,116.3% in the third quarter. JPMorgan Chase & Co. now owns 2,368,133 shares of the company’s stock worth $2,889,000 after acquiring an additional 2,342,438 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in Traeger in the third quarter worth $1,220,000. FreeGulliver LLC bought a new stake in Traeger in the fourth quarter worth $248,000. Bridgeway Capital Management LLC boosted its holdings in Traeger by 27.1% in the third quarter. Bridgeway Capital Management LLC now owns 866,761 shares of the company’s stock worth $1,057,000 after acquiring an additional 185,014 shares in the last quarter. Finally, MYDA Advisors LLC bought a new stake in Traeger in the fourth quarter worth $173,000. 46.84% of the stock is owned by institutional investors.

Traeger Stock Down 0.2%

Traeger stock opened at $69.95 on Monday. The firm has a market cap of $194.46 million, a price-to-earnings ratio of -1.67 and a beta of 1.98. The stock has a fifty day simple moving average of $47.73 and a two-hundred day simple moving average of $45.50. Traeger, Inc. has a 12 month low of $20.91 and a 12 month high of $104.00. The company has a current ratio of 3.40, a quick ratio of 2.01 and a debt-to-equity ratio of 2.29.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Telsey Advisory Group boosted their target price on Traeger from $43.00 to $45.00 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Piper Sandler reissued a “neutral” rating and issued a $38.00 target price on shares of Traeger in a report on Tuesday, May 12th. Robert W. Baird set a $40.00 target price on Traeger in a report on Tuesday, May 12th. B. Riley Financial reissued a “neutral” rating and issued a $40.00 target price (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 investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price 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.