5 Best Tobacco and Cigarette Stocks To Buy

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

Number of Hedge Fund Holders: 17

Turning Point Brands, Inc. (NYSE:TPB) produces, markets, and distributes adult consumer products. They operate through three segments – Zig-Zag Products, Stoker’s Products, and NewGen Products. The Zig-Zag segment offers rolling papers, cigars, and related accessories under the Zig-Zag brand. Stoker’s manufactures moist snuff and chewing tobacco products, and the NewGen segment distributes vapor products and non-tobacco/nicotine items directly to consumers through VaporFi and VaporBeast brands. Turning Point Brands, Inc. (NYSE:TPB) is one of the best tobacco stocks to buy. The company reported a Q2 non-GAAP EPS of $0.79 and a revenue of $105.6 million, with Zig-Zag and Stoker’s net sales increasing by 1.1% and 7.3%, respectively. 

According to Insider Monkey’s second quarter database, 17 hedge funds were bullish on Turning Point Brands, Inc. (NYSE:TPB), compared to 15 funds in the last quarter. Nathaniel August’s Mangrove Partners is a significant position holder in the company, with 855,723 shares worth $20.5 million.