Turning Point Brands (TPB)
Markets Zig-Zag smoking accessories and Stoker's oral tobacco and nicotine products.
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Sells branded adult-consumer products through Zig-Zag smoking accessories and Stoker's oral tobacco and nicotine lines, with FRE and ALP extending the portfolio into modern oral nicotine. Continuing operations are concentrated in North America and shaped by wholesale distribution, outsourced production, and tobacco and nicotine regulation.
Markets and distributes Zig-Zag rolling papers, cones, wraps, tubes, lighters, finished cigars, and related accessories while manufacturing and marketing Stoker's moist snuff and loose-leaf chewing tobacco. FRE and ALP add modern oral nicotine pouch products inside the current portfolio.
Operations are concentrated in the United States and Canada through wholesale distributors, secondary wholesalers, retail outlets, and brand websites. Legacy Zig-Zag and Stoker's cash flows fund product support, distribution infrastructure, acquisitions, and investment in modern oral lines.
The portfolio now has two continuing reportable segments after the former Creative Distribution Solutions business was contributed to a joint venture and moved to discontinued operations. Demand is tied to adult-consumer tobacco and nicotine categories, FDA authorization pathways, and outsourced supply relationships.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 22, 2026 | Oppenheimer | Reiterate | Rating: —Target: $130 | Target: $90 |
| Aug 10, 2026 | Compass Point | Target | Target: $103 | Target: $116 |
| Jul 23, 2026 | Industrial Alliance Securities | Target | Target: $130 | Target: $115 |
| Jul 21, 2026 | BTIG | Initiate | Rating: — | |
| Jul 21, 2026 | Compass Point | Target | Target: — | Target: $103 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $268.3M · Total debt $310.7M · Total assets $855.2M · Shareholders' equity $430.1M
- Revenue
- $143.0M
- Operating income
- $16.7M
- Net income
- $3.6M
HistoryDividendAnnual yield
| Institutions | ≈ 101.65% | 20.38M shares | |
|---|---|---|---|
| 248 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 4.66% | 933.6K shares | |
| 15 holders · as of May 13, 2026 | |||
| Strategic holders | 40.79% | 8.18M shares | |
| 1 holder · as of Jul 15, 2020 | |||
| Adds to | 147.10% | ||
20.05M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 147.10%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Standard Diversified Inc.Strategic10 percent owner | 40.79% | 8.18M | filed Jul 15, 2020 |
BlackRock, Inc.Institution | 8.07% | 1.62M | as of Jun 30, 2026 |
Divisadero Street Capital Management, LPInstitution | 6.31% | 1.27M | as of Jun 30, 2026 |
Thrivent Financial for LutheransInstitution | 6.16% | 1.23M | as of Jun 30, 2026 |
Lord, Abbett & Co. LLCInstitution | 5.46% | 1.09M | filed Feb 11, 2022 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Brian Wigginton | officer: Sr VP Finance & CAO | −4,000 | $91.67 |
| Mar 4, 2026 | Andrew Flynn | officer: Chief Financial Officer | −2,000 | $97.57 |
| Dec 19, 2025 | David Edward Glazek | director, officer: Executive Chairman | −30,000 | $110.26 |
| Dec 15, 2025 | H.C. Charles Diao | director | −2,000 | $108.20 |
| Nov 21, 2025 | Gregory H.A. Baxter | director | −1,500 | $98.23 |
- Altria Group
U.S. oral tobacco, nicotine pouch, and cigar rival
- Philip Morris International
ZYN-led modern oral scale pressures FRE and ALP
- British American Tobacco (ADR)
VELO, Grizzly, and Kodiak pressure oral nicotine shelves
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Turning Point Brands | $60.28 | −0.17% | $1.19B | 26.3 | 55.5 | 2.3 | +22.6% |
| Altria Group | $68.64 | −0.01% | $114.44B | 14.5 | 11.9 | 5.2 | +1.3% |
| Philip Morris International | $190.06 | −0.09% | $292.21B | 26.9 | 21.7 | 6.9 | +10.4% |
| British American Tobacco (ADR) | $55.89 | +0.28% | $120.25B | 14.3 | — | 3.5 | −0.1% |
| Median | 14.5 | 16.8 | 5.2 | +1.3% |