Turning Point BrandsTPB
About: Turning Point Brands Inc operates as manufacturer, marketer, provider of consumer products that include Other Tobacco Products (OTP) in the U.S. The company offers a wide variety across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in three segments namely Zig-Zag products; Stoker's products and NewGen products. The company generates maximum revenue from the Zig-Zag products segment.
Employees: 373
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
123% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 13
12% more funds holding
Funds holding: 133 [Q1] → 149 (+16) [Q2]
12% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 50
3% more capital invested
Capital invested by funds: $461M [Q1] → $475M (+$14.5M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
5.19% less ownership
Funds ownership: 89.19% [Q1] → 84.0% (-5.19%) [Q2]
73% less call options, than puts
Call options by funds: $221K | Put options by funds: $808K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Roth MKM Scott Fortune 60% 1-year accuracy 6 / 10 met price target | 13%upside $50 | Buy Initiated | 19 Sept 2024 |
Benchmark Michael Legg 40% 1-year accuracy 17 / 42 met price target | 2%upside $45 | Buy Reiterated | 2 Aug 2024 |
Financial journalist opinion
Based on 3 articles about TPB published over the past 30 days