Artisan Partners Limited Partnership Purchases New Stake in Traeger, Inc. $COOK

Artisan Partners Limited Partnership purchased a new stake in shares of Traeger, Inc. (NYSE:COOK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,000,000 shares of the company’s stock, valued at approximately $1,220,000. Artisan Partners Limited Partnership owned approximately 0.73% of Traeger as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in shares of Traeger in the 2nd quarter valued at $57,000. Bank of America Corp DE raised its position in Traeger by 36.6% in the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company’s stock valued at $80,000 after purchasing an additional 8,933 shares during the period. Evergreen Capital Management LLC purchased a new position in Traeger in the second quarter valued at about $93,000. Williams & Novak LLC lifted its stake in shares of 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 in the last quarter. Finally, Diversify Wealth Management LLC boosted its position in shares of 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 buying an additional 11,194 shares during the period. Institutional investors and hedge funds own 46.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on COOK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Traeger in a report on Monday, December 29th. Telsey Advisory Group dropped their price objective on shares of Traeger from $1.75 to $1.50 and set a “market perform” rating on the stock in a research note on Thursday, November 6th. Zacks Research upgraded shares of Traeger from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, Wall Street Zen raised shares of Traeger from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $2.09.

Traeger Stock Performance

Shares of COOK opened at $0.86 on Friday. The firm has a market cap of $117.29 million, a price-to-earnings ratio of -1.08 and a beta of 1.38. The company has a quick ratio of 1.39, a current ratio of 2.96 and a debt-to-equity ratio of 2.15. The business’s 50 day moving average is $0.99 and its two-hundred day moving average is $1.06. Traeger, Inc. has a 52-week low of $0.71 and a 52-week high of $2.42.

Traeger 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.