Dimensional Fund Advisors LP Increases Holdings in Traeger, Inc. (NYSE:COOK)

Dimensional Fund Advisors LP increased its stake in shares of Traeger, Inc. (NYSE:COOK) by 84.5% in the 4th quarter, HoldingsChannel reports. The firm owned 475,411 shares of the company’s stock after buying an additional 217,771 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Traeger were worth $1,136,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its holdings in Traeger by 15.9% in the 4th quarter. Barclays PLC now owns 51,987 shares of the company’s stock valued at $124,000 after acquiring an additional 7,126 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Traeger by 8.3% in the 4th quarter. American Century Companies Inc. now owns 53,950 shares of the company’s stock valued at $129,000 after purchasing an additional 4,153 shares in the last quarter. Bailard Inc. raised its stake in shares of Traeger by 76.5% in the 4th quarter. Bailard Inc. now owns 72,300 shares of the company’s stock valued at $173,000 after purchasing an additional 31,344 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Traeger by 758.1% in the 4th quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company’s stock valued at $325,000 after purchasing an additional 120,136 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Traeger by 5.3% during the fourth quarter. Empowered Funds LLC now owns 153,425 shares of the company’s stock worth $367,000 after acquiring an additional 7,662 shares during the period. 46.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COOK has been the topic of several analyst reports. Piper Sandler dropped their price target on shares of Traeger from $2.50 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Royal Bank of Canada dropped their price target on Traeger from $2.75 to $2.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. Canaccord Genuity Group lowered their price target on shares of Traeger from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. UBS Group set a $2.50 price objective on shares of Traeger in a research note on Friday, March 7th. Finally, Robert W. Baird cut their target price on shares of Traeger from $3.50 to $2.50 and set a “neutral” rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $2.44.

Traeger Stock Performance

Shares of COOK opened at $1.48 on Friday. The firm has a 50-day moving average of $1.56 and a 200-day moving average of $2.28. Traeger, Inc. has a one year low of $1.28 and a one year high of $3.97. The company has a market cap of $200.14 million, a PE ratio of -3.69 and a beta of 1.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.09 and a quick ratio of 1.08.

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.