Turning Point Brands
TPB
Market cap $765M

43.20 USD

-0.37

0.85%

At close Oct 17, 4:00 PM EDT

1 day

-0.85%

5 days

4.00%

1 month

11.69%

3 months

15.60%

6 months

62.47%

Year to date

65.71%

1 year

95.92%

5 years

83.52%

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

Consumer Staples Tobacco Products

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

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

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Research analyst outlook

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

Low target

$45

4%

upside

Avg. target

$48

10%

upside

High target

$50

16%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Roth MKM Scott Fortune 54% 1-year accuracy 7 / 13 met price target	16%upside $50	Buy Initiated	19 Sept 2024
Benchmark Michael Legg 47% 1-year accuracy 16 / 34 met price target	4%upside $45	Buy Reiterated	2 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about TPB published over the past 30 days

Turning Point Brands: Growth In Disguise (Rating Upgrade)

Turning Point Brands' underlying growth, aided by nicotine pouch brands and Zig-Zag's cannabis positioning, has been clouded by the weak CDS segment. The FRE brand's rapid growth and potential Alp collaboration with Tucker Carlson could significantly boost revenues. Wall Street's Q3 expectations are conservative, but the company's underlying growth prospects suggest potential undervaluation.

Turning Point Brands: Growth In Disguise (Rating Upgrade)

Turning Point Brands: Why This Tobacco Stock Winner Has More Room To Run

Turning Point Brands has surged over 87.5%, thanks to the company's refocus on its smokeless tobacco and rolling paper businesses. Even after this incredible run-up in price, shares have more room to run, as factors like Turning Point's move into the nicotine pouch space point to a further growth resurgence. In the coming years, TPB stock could hit prices topping $90 per share, thanks to earnings growth, as well as possible multiple expansion.

Turning Point Brands: Why This Tobacco Stock Winner Has More Room To Run

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ZIG-ZAG LAUNCHES FOUR NEW FLAVORS OF 100% TOBACCO-FREE HEMP WRAPS

Innovative Hemp Wraps Available in Sour Squeeze, Georgia Peach, Summer Slice, and Mellow Haze SANTA MONICA, Calif. , Aug. 13, 2024 /PRNewswire/ -- Zig-Zag, a leader in the rolling papers industry, is thrilled to announce the expansion of the hemp wrap line, featuring 100% tobacco-free hemp wraps in four exciting flavors: Sour Squeeze, Georgia Peach, Summer Slice, and Mellow Haze.

ZIG-ZAG LAUNCHES FOUR NEW FLAVORS OF 100% TOBACCO-FREE HEMP WRAPS

Turning Point Brands (TPB) Q2 2024 Earnings Call Transcript

Turning Point Brands (NYSE:TPB ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Andrew Flynn - Chief Financial Officer Graham Purdy - Chief Executive Officer Summer Frein - Chief Revenue Officer Conference Call Participants Michael Legg - The Benchmark Company Eric Des Lauriers - Craig-Hallum Capital Group Operator Thank you for standing by. My name is Sully, and I will be your conference operator today.

Turning Point Brands (TPB) Q2 2024 Earnings Call Transcript

Turning Point Brands Q2: Great Underlying Growth Goes Unnoticed

Turning Point Brands reported a Q2 earnings beat, showing a return to positive revenue growth after 10 out of 11 prior quarters showing a decline. The Stoker's segment drove incredible growth with MST and FRE brands, while other segments showed quite predictable performances, with solid Zig-Zag momentum and a wide CDS sales decline. The stock's underlying potential is still largely unnoticed by the market, represented by the stock's continued undervaluation.

Turning Point Brands Q2: Great Underlying Growth Goes Unnoticed

Turning Point Brands Announces Second Quarter 2024 Results

LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, today announced financial results for the second quarter ended June 30, 2024. Q2 2024 vs. Q2 2023 Total consolidated net sales increased 2.8% to $108.5 million Zig-Zag Products net sales increased 8.0% Stoker's Products net sales increased 18.5%.

Turning Point Brands Announces Second Quarter 2024 Results

Turning Point Brands to Host Second Quarter 2024 Conference Call

LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review second quarter 2024 results. The conference call will be on Thursday, August 1st, 2024, at 10:00 a.m. Eastern to discuss results with the investment community. Interested analysts and professional investors can register and participate through one of these call-in numbers: (888) 330-2502 (U.S., toll-free) (240) 789-2713 (International) Event ID: 6640134 Particip.

Turning Point Brands to Host Second Quarter 2024 Conference Call

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Turning Point Brands: Stable Business With Great Cash Flow Yield

Turning Point Brands manufactures and sells tobacco-related products such as rolling papers, chewing tobacco, and has more recently started selling nicotine pouches. The company has had negative revenue growth in recent years, but the scaling FRE nicotine pouch brand could revitalize growth. The CDS segment's revenues have turned dire, but as the segment scales down, it will drag down total revenues less in the future.

Turning Point Brands: Stable Business With Great Cash Flow Yield

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