Cubist Systematic Strategies LLC Invests $141,000 in Traeger, Inc. (NYSE:COOK)

Cubist Systematic Strategies LLC bought a new position in Traeger, Inc. (NYSE:COOK) in the 4th quarter, Holdings Channel.com reports. The firm bought 59,156 shares of the company’s stock, valued at approximately $141,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Traeger by 84.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 475,411 shares of the company’s stock worth $1,136,000 after buying an additional 217,771 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Traeger by 758.1% in the fourth quarter. JPMorgan Chase & Co. now owns 135,984 shares of the company’s stock worth $325,000 after buying an additional 120,136 shares during the period. Barclays PLC boosted its position in shares of Traeger by 271.7% in the third quarter. Barclays PLC now owns 44,861 shares of the company’s stock worth $166,000 after buying an additional 32,793 shares during the period. Empowered Funds LLC lifted its stake in shares of Traeger by 5.3% in 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 in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Traeger by 18.4% in the fourth quarter. Renaissance Technologies LLC now owns 248,196 shares of the company’s stock worth $593,000 after acquiring an additional 38,559 shares in the last quarter. Hedge funds and other institutional investors own 46.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on COOK. Canaccord Genuity Group cut their price target on Traeger from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. B. Riley reiterated a “buy” rating and issued a $3.00 price target (down previously from $4.00) on shares of Traeger in a research note on Friday, May 2nd. Piper Sandler cut their price target on 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 cut their price target on Traeger from $2.75 to $2.00 and set a “sector perform” rating on the stock in a research note on Friday, March 7th. Finally, Telsey Advisory Group cut their price target on Traeger from $2.50 to $2.00 and set a “market perform” rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $2.44.

Traeger Trading Up 4.4%

Shares of NYSE COOK opened at $1.55 on Monday. The stock’s 50 day moving average price is $1.55 and its two-hundred day moving average price is $2.26. Traeger, Inc. has a 52-week low of $1.28 and a 52-week high of $3.97. The stock has a market capitalization of $209.64 million, a P/E ratio of -3.86 and a beta of 1.43. The company has a quick ratio of 1.08, a current ratio of 2.09 and a debt-to-equity ratio of 1.42.

About Traeger

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.