Artisan Partners Limited Partnership Invests $1.22 Million in Traeger, Inc. $COOK

Artisan Partners Limited Partnership purchased a new position in Traeger, Inc. (NYSE:COOK) in the third quarter, Holdings Channel reports. The fund purchased 1,000,000 shares of the company’s stock, valued at approximately $1,220,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd bought a new position in Traeger during the 2nd quarter worth approximately $57,000. Bank of America Corp DE raised its position in shares of Traeger by 36.6% during the 4th quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock valued at $80,000 after acquiring an additional 8,933 shares in the last quarter. Evergreen Capital Management LLC bought a new position in Traeger during the second quarter worth $93,000. Williams & Novak LLC lifted its stake in Traeger by 46.3% during the third quarter. Williams & Novak LLC now owns 81,300 shares of the company’s stock worth $99,000 after purchasing an additional 25,730 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in Traeger by 9.8% in the third quarter. Diversify Wealth Management LLC now owns 125,755 shares of the company’s stock worth $153,000 after purchasing an additional 11,194 shares during the period. Institutional investors and hedge funds own 46.84% of the company’s stock.

Traeger Stock Down 0.2%

COOK opened at $0.86 on Friday. The stock’s 50 day moving average price is $0.99 and its 200 day moving average price is $1.06. The company has a debt-to-equity ratio of 2.15, a current ratio of 2.96 and a quick ratio of 1.39. The stock has a market cap of $117.29 million, a P/E ratio of -1.08 and a beta of 1.38. Traeger, Inc. has a 12 month low of $0.71 and a 12 month high of $2.42.

Wall Street Analysts Forecast Growth

COOK has been the topic of a number of research reports. Zacks Research raised shares of Traeger from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Traeger in a research report on Monday, December 29th. Telsey Advisory Group cut their target price on shares of Traeger from $1.75 to $1.50 and set a “market perform” rating on the stock in a report on Thursday, November 6th. Finally, Wall Street Zen upgraded Traeger from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $2.09.

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.