StockNews.com research analysts have launched coverage on the shares of Tootsie Roll Industries (NYSE:TR – Get Note) in a research note published Wednesday. The brokerage has set a “hold” rating on the stock.
Tootsie Roll Industries stock up 1.3%
TR stock opened at $35.34 on Wednesday. Tootsie Roll Industries has a 12-month low of $30.93 and a 12-month high of $39.20. The company has a market capitalization of $2.44 billion and a PE ratio of 35.68. The company has a 50-day moving average of $35.05 and a 200-day moving average of $34.60.
Tootsie Roll Industries (NYSE:TR – Get Rating) last released quarterly earnings data on Tuesday, July 26. The company reported earnings per share of $0.17 for the quarter. Tootsie Roll Industries had a return on equity of 8.98% and a net margin of 10.90%. The company had revenue of $142.08 million in the quarter.
Institutional entries and exits
A number of institutional investors and hedge funds have recently increased or reduced their stakes in TR. Captrust Financial Advisors increased its stake in Tootsie Roll Industries by 86.2% during the second quarter. Captrust Financial Advisors now owns 797 shares of the company valued at $28,000 after buying 369 additional shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Tootsie Roll Industries by 170.3% in Q1. Nisa Investment Advisors LLC now owns 1,027 shares of the company valued at $36,000 after buying 647 additional shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Tootsie Roll Industries during Q2, valued at $36,000. KBC Group NV acquired a new stake in Tootsie Roll Industries during the 2nd quarter for a value of $51,000. Finally, Cyrus J. Lawrence LLC acquired a new stake in Tootsie Roll Industries during Q1 for $80,000. Institutional investors hold 17.13% of the company’s shares.
Tootsie Roll Industries Company Profile
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Tootsie Roll Industries, Inc, together with its subsidiaries, is engaged in the manufacture and sale of confectionery products in the United States, Canada, Mexico and overseas. It sells its products under the brands Tootsie Roll, Tootsie Pops, Child’s Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella’s, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff , Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP and Tutsi Pop brands.
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