Turning Point Brands (TPB)

• Market cap: $1.32B
• 1 day: 2.33%
• 5 days: -0.85%
• 1 month: 28.56%
• 3 months: 4.74%
• 6 months: 21.29%
• Year to date: 21.43%
• 1 year: 118.29%
• 5 years: 240.50%
• 10 years: 627.77%
• Sector: Consumer Staples
• Industry: Tobacco

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 two segments namely Zig-Zag products and Stoker's products segment. The company generates maximum revenue from the Zig-Zag products segment.

Employees: 310

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

627% more call options, than puts

Call options by funds: $15.2M | Put options by funds: $2.09M

318% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 11

150% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 5 (+3) [Q4]

43% more capital invested

Capital invested by funds: $619M [Q3] → $888M (+$269M) [Q4]

21% more funds holding

Funds holding: 164 [Q3] → 198 (+34) [Q4]

15% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 59

2.33% more ownership

Funds ownership: 81.03% [Q3] → 83.36% (+2.33%) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $85 15% upside
• Avg. target: $85 15% upside
• High target: $85 15% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Oppenheimer Ian Zaffino 50% 1-year accuracy 13 / 26 met price target

15% upside $85

Outperform Maintained

8 May 2025