Tootsie Roll Industries (NYSE:TR) Given Buy (B-) Rating at Weiss Ratings

Key Points

• Tootsie Roll Industries (NYSE:TR) received a reissued "buy (B-)" rating from Weiss Ratings, indicating positive sentiment from equity analysts.
• The company's stock recently traded down to $37.47, with a market cap of $2.73 billion and a P/E ratio of 30.04.
• Tootsie Roll reported $0.24 EPS and $153.19 million in revenue for its latest quarter, showcasing solid financial performance.

Tootsie Roll Industries (NYSE:TR - Get Free Report)'s stock had its "buy (b-)" rating reissued by equities research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Tootsie Roll Industries Price Performance

NYSE:TR traded down $2.15 on Friday, hitting $37.47. 390,504 shares of the company's stock were exchanged, compared to its average volume of 179,638. The firm has a 50-day moving average price of $41.17 and a 200-day moving average price of $36.92. Tootsie Roll Industries has a 52 week low of $28.32 and a 52 week high of $44.27. The company has a market cap of $2.73 billion, a P/E ratio of 30.04 and a beta of 0.45.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.24 EPS for the quarter. The firm had revenue of $153.19 million for the quarter. Tootsie Roll Industries had a net margin of 12.72% and a return on equity of 10.36%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TR. Evermay Wealth Management LLC acquired a new position in shares of Tootsie Roll Industries during the 1st quarter worth about $58,000. CWM LLC increased its stake in shares of Tootsie Roll Industries by 42.0% during the 3rd quarter. CWM LLC now owns 1,394 shares of the company's stock worth $58,000 after purchasing an additional 412 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Tootsie Roll Industries during the 2nd quarter worth about $60,000. Quantbot Technologies LP increased its stake in shares of Tootsie Roll Industries by 105.5% during the 1st quarter. Quantbot Technologies LP now owns 2,207 shares of the company's stock worth $69,000 after purchasing an additional 1,133 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Tootsie Roll Industries by 14.1% during the 2nd quarter. Signaturefd LLC now owns 2,262 shares of the company's stock worth $76,000 after purchasing an additional 280 shares during the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini 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 trademarks.

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