Turning Point Brands
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
123% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 13
19% more capital invested
Capital invested by funds: $526M [Q2] → $624M (+$98.4M) [Q3]
10% more funds holding
Funds holding: 149 [Q2] → 164 (+15) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
4% less call options, than puts
Call options by funds: $3M | Put options by funds: $3.12M
11.28% less ownership
Funds ownership: 93.01% [Q2] → 81.73% (-11.28%) [Q3]
13% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 60
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$65
13%
upside
Avg. target
$69
19%
upside
High target
$75
30%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Roth MKM Scott Fortune 25% 1-year accuracy 4 / 16 met price target | 22%upside $70 | Buy Reiterated | 10 Jan 2025 |
Craig-Hallum Eric Des Lauriers 30% 1-year accuracy 3 / 10 met price target | 30%upside $75 | Buy Maintained | 5 Dec 2024 |
Oppenheimer Ian Zaffino 68% 1-year accuracy 21 / 31 met price target | 13%upside $65 | Outperform Initiated | 14 Nov 2024 |
Benchmark Michael Legg 43% 1-year accuracy 20 / 46 met price target | 13%upside $65 | Buy Maintained | 12 Nov 2024 |
Financial journalist opinion
Positive
Seeking Alpha
3 weeks ago
Turning Point Brands: Scaling An Alp With Tucker Carlson
Turning Point Brands has seen a significant turnaround, driven by reduced reliance on vaping products, and entrance into the nicotine pouch category. The company's nicotine pouch brand FRĒ, relaunched in 2023, has shown impressive growth, with further potential for a similar product called Alp sold through joint venture with Tucker Carlson Media. Zig-Zag's performance has been underwhelming due to increased competition and a shift in demand, but efforts to reposition the brand are paying off.
Neutral
PRNewsWire
4 weeks ago
ALP Pre-orders Demolish Expectations as ALP Officially Launches Online
MIAMI , Dec. 23, 2024 /PRNewswire/ -- After weeks of rousing pre-launch sales to a select group of nicotine connoisseurs, the whole grain goodness of ALP pouches is finally available to the general public. As of today, ALP can be purchased by the tin, sleeve or pallet and delivered directly to the doorsteps of discriminating users.
Positive
Seeking Alpha
1 month ago
Turning Point Brands: Alp Is Off To A Fast Start
Turning Point Brands' joint venture with Tucker Carlson for Alp nicotine pouches has launched, with pre-orders shipping during December. Initial web traffic data shows quite strong demand for Alp. TPB also intriguingly filed an at-the-market sales agreement to support nicotine pouch growth investments. TPB's Q3 performance shows solid underlying growth in Zig-Zag and FRE nicotine pouches.
Neutral
Business Wire
2 months ago
Tucker Carlson Introduces ALP, A Revolutionary New Nicotine Pouch Company
MIAMI--(BUSINESS WIRE)--Tucker Carlson has announced the launch of ALP, the first nicotine pouch brand made by and for adults who unapologetically love nicotine. ALP will be sold, marketed and distributed through ALP Supply Co. LLC, a newly formed 50/50 joint venture between the Tucker Carlson Network and Turning Point Brands (NYSE: TPB). The product is launching with three nicotine strengths — 3mg, 6mg, and 9mg — and in four distinct styles, including Chilled Mint, Mountain Wintergreen, Refres.
Neutral
PRNewsWire
2 months ago
Tucker Carlson Introduces ALP, A Revolutionary New Nicotine Pouch Company
MIAMI , Nov. 14, 2024 /PRNewswire/ -- Tucker Carlson has announced the launch of ALP, the first nicotine pouch brand made by and for adults who unapologetically love nicotine. ALP will be sold, marketed and distributed through ALP Supply Co. LLC, a newly formed 50/50 joint venture between the Tucker Carlson Network and Turning Point Brands (NYSE: TPB).
Neutral
Seeking Alpha
2 months ago
Turning Point Brands (TPB) Q3 2024 Earnings Call Transcript
Turning Point Brands (NYSE:TPB ) Q3 2024 Earnings Call Transcript November 7, 2024 10:00 AM ET Company Participants Andrew Flynn - Chief Financial Officer Graham Purdy - President and Chief Executive Officer Summer Frein - Chief Revenue Officer Conference Call Participants Eric Lauriers - Craig Hallum Capital Group Michael Legg - The Benchmark Company Nick Anderson - ROTH MKM Operator Good day, and welcome to the Turning Point Brands Third Quarter 2024 Conference Call. [Operator Instructions] And finally, I would like to advise all participants that this call is being recorded.
Neutral
Business Wire
2 months ago
Turning Point Brands Announces Third 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 third quarter ended September 30, 2024. Q3 2024 vs. Q3 2023 Total consolidated net sales increased 3.8% to $105.6 million Zig-Zag Products net sales increased 5.5% Stoker's Products net sales increased 12.
Neutral
Business Wire
2 months ago
Turning Point Brands Declares Common Stock Dividend
LOUISVILLE, Ky.--(BUSINESS WIRE)--The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.07 per common share. The dividend is payable on January 10, 2025, to shareholders of record on the close of business on December 20, 2024. About Turning Point Brands, Inc. Turning Point Brands (.
Neutral
Business Wire
2 months ago
Turning Point Brands to Host Third Quarter 2024 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its third quarter conference call to review results. The conference call will be on Thursday, November 7, 2024 at 10:00 a.m. Eastern. Interested analysts and professional investors can register and participate through one of these call-in numbers: (800) 715-9871 (U.S., toll-free) (646) 307-1963 (International) Event ID: 6640134 Participants should dial in at least 10 minutes in advance and f.
Positive
Seeking Alpha
3 months ago
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.
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