10 Best Tobacco and Cigarette Stocks to Buy Now

3. Turning Point Brands, Inc. (NYSE:TPB)

Number of Hedge Fund Holders: 30

In the United States, Turning Point Brands, Inc. (NYSE:TPB) manufactures, markets, and distributes consumer goods, including other tobacco products (OTP). The company provides a wide range of items across the OTP spectrum, such as premium cigarette papers, make-your-own cigar wraps, cigars, liquid vapor products, tobacco vaporizers, and moist snuff tobacco. It is divided into two business segments: Stoker’s products and Zig-Zag products. The Zig-Zag product category brings in the majority of revenue for the business. The stock soared by more than 108% in the past year, making it on our list of the Best Tobacco Stocks. 

Turning Point Brands, Inc. (NYSE:TPB) had a strong Q4 2024 due to strong core business execution. The firm’s management gave encouraging advice and unveiled new metrics that showed the expansion of its tobacco-free nicotine pouches, a promising market-share-gaining area.

Alliance Global Partners maintained its Buy rating on Turning Point Brands, Inc. (NYSE:TPB) shares and increased its price objective from $80 to $85 for the company. In a research note, the analyst informs investors that the company’s Q4 sales and EBITDA figures were at the upper end of its tentative range. According to the company, net-for-net, the results are encouraging, and it anticipates that 2025 will be the firm’s statement year in the pouch category, giving investors confidence that it can repeat its strategy of acquiring market share in a large tobacco-dominated category, as it did with Stoker’s.