Turning Point Brands, Inc. (NYSE:TPB) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Analysts have set a one year consensus target price of $18.00 for the company and are predicting that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also given Turning Point Brands an industry rank of 96 out of 265 based on the ratings given to its competitors.

A number of brokerages recently issued reports on TPB. FBR & Co reaffirmed a “buy” rating and set a $17.00 target price on shares of Turning Point Brands in a research report on Friday, May 12th. Cowen and Company reaffirmed a “buy” rating and set a $19.00 target price on shares of Turning Point Brands in a research report on Thursday. Finally, Zacks Investment Research raised shares of Turning Point Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th.

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In related news, insider Lawrence Wexler sold 1,858 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $16.42, for a total transaction of $30,508.36. Following the transaction, the insider now owns 219,137 shares of the company’s stock, valued at $3,598,229.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George Hebard bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average cost of $15.59 per share, for a total transaction of $46,770.00. Following the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $46,770. The disclosure for this purchase can be found here.

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC raised its stake in shares of Turning Point Brands by 351.0% in the first quarter. Acadian Asset Management LLC now owns 6,530 shares of the company’s stock valued at $102,000 after buying an additional 5,082 shares during the period. Bessemer Group Inc. acquired a new stake in shares of Turning Point Brands during the second quarter valued at about $143,000. potrero capital research llc acquired a new stake in shares of Turning Point Brands during the first quarter valued at about $356,000. Spark Investment Management LLC raised its stake in shares of Turning Point Brands by 33.7% in the first quarter. Spark Investment Management LLC now owns 23,400 shares of the company’s stock valued at $365,000 after buying an additional 5,900 shares during the period. Finally, Steinberg Global Asset Management acquired a new stake in shares of Turning Point Brands during the first quarter valued at about $458,000. 68.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Turning Point Brands (TPB) traded up 2.58% on Friday, reaching $15.10. 7,443 shares of the company’s stock traded hands. Turning Point Brands has a 52 week low of $8.67 and a 52 week high of $18.05. The company’s 50-day moving average is $15.34 and its 200-day moving average is $14.96. The firm has a market capitalization of $284.56 million, a P/E ratio of 11.44 and a beta of 0.51.

Turning Point Brands (NYSE:TPB) last issued its quarterly earnings data on Thursday, May 11th. The company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.03. Turning Point Brands had a return on equity of 131.39% and a net margin of 11.90%. The firm had revenue of $66.80 million during the quarter, compared to analyst estimates of $64.90 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Turning Point Brands’s quarterly revenue was up 33.9% compared to the same quarter last year. Equities research analysts anticipate that Turning Point Brands will post $1.32 earnings per share for the current fiscal year.

About Turning Point Brands

Turning Point Brands, Inc is an independent provider of Other Tobacco Products (OTP) in the United States. The Company operates in three segments smokeless products, smoking products and NewGen products. The smokeless products segment manufactures and markets moist snuff; and contracts for and markets chewing tobacco products.

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