Canaccord analyst Brian McNamara notes that Traeger (COOK) CEO Jeremy Andrus disclosed on Friday the purchase of about 727,000 shares of common stock, after which Andrus owns about 13.1% of the total stock outstanding. The firm, which adds that Traeger’s top four shareholders now collectively own about 69% of the company’s equity, notes that it has previously written that Traeger’s three largest shareholders could consider a take-private deal. The firm maintains a Buy rating and $3 price target on Traeger shares.
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