Traeger Inc (NYSE: COOK) stock jumped 2.55% on Friday to $2.41 against a previous-day closing price of $2.35. With 0.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. During the session, the Furnishings, Fixtures & Appliances company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.4100 whereas the lowest price it dropped to was $2.3200. The 52-week range on COOK shows that it touched its highest point at $6.70 and its lowest point at $2.05 during that stretch. It currently has a 1-year price target of $4.16. Beta for the stock currently stands at 0.97.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COOK was up-trending over the past week, with a rise of 16.43%, but this was down by -12.36% over a month. Three-month performance dropped to -49.79% while six-month performance fell -29.33%. The stock lost -37.73% in the past year, while it has lost -14.54% so far this year. A look at the trailing 12-month EPS for COOK yields -0.74 with Next year EPS estimates of 0.02. For the next quarter, that number is -0.05. This implies an EPS growth rate of 0.00% for this year and 120.56% for next year.
Float and Shares Shorts:
At present, 122.62 million COOK shares are outstanding with a float of 74.43 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.8 million, which was 2.26% higher than short shares on Sep 28, 2023. In addition to Mr. Jeremy Andrus as the firm’s Chairman of the Board & CEO, Mr. Dominic Blosil serves as its Chief Financial Officer.
Through their ownership of 85.32% of COOK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 4.93% of COOK, in contrast to 34.87% held by mutual funds. Shares owned by individuals account for 13.78%. As the largest shareholder in COOK with 19.92% of the stake, Ontario Teachers’ Pension Plan Bo holds 24,693,075 shares worth 24,693,075. A second-largest stockholder of COOK, Capital Research & Management Co, holds 6,195,000 shares, controlling over 5.00% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in COOK, holding 3,965,812 shares or 3.20% stake. With a 19.92% stake in COOK, the Ontario Teachers Pension Plan is the largest stakeholder. A total of 24,694,164 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 5.00% of COOK stock, is the second-largest Mutual Fund holder. It holds 6,195,000 shares valued at 16.29 million. Fidelity Small Cap Value Fund holds 2.42% of the stake in COOK, owning 3,005,000 shares worth 7.9 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COOK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With COOK analysts setting a high price target of $5.00 and a low target of $2.80, the average target price over the next 12 months is $4.16. Based on these targets, COOK could surge 107.47% to reach the target high and rise by 16.18% to reach the target low. Reaching the average price target will result in a growth of 72.61% from current levels.
Summary of Insider Activity:
Insiders traded COOK stock several times over the past three months with 5 Buys and 12 Sells. In these transactions, 585,664 shares were bought while 82,859 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 1,942,057 while 126,601 shares were sold.