Tootsie Roll Industries, Inc. (TR) Raised to “Buy” at BidaskClub

Tootsie Roll Industries, Inc. (NYSE:TR) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday, July 11th.

Tootsie Roll Industries (NYSE:TR) traded down 1.10% during mid-day trading on Tuesday, reaching $36.10. The company’s stock had a trading volume of 137,350 shares. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 34.09 and a beta of 0.70. The firm’s 50 day moving average price is $36.00 and its 200 day moving average price is $36.72. Tootsie Roll Industries has a 12-month low of $33.19 and a 12-month high of $40.44.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Markets Daily and is owned by of Markets Daily. If you are viewing this news story on another site, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this news story can be read at https://www.themarketsdaily.com/2017/08/08/tootsie-roll-industries-inc-tr-lifted-to-buy-at-bidaskclub-updated-updated-updated.html.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Marble Harbor Investment Counsel LLC boosted its position in shares of Tootsie Roll Industries by 2.9% in the second quarter. Marble Harbor Investment Counsel LLC now owns 38,713 shares of the company’s stock worth $1,349,000 after buying an additional 1,099 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Tootsie Roll Industries by 1.8% in the second quarter. Principal Financial Group Inc. now owns 78,384 shares of the company’s stock worth $2,732,000 after buying an additional 1,351 shares during the last quarter. Canandaigua National Bank & Trust Co. raised its stake in shares of Tootsie Roll Industries by 2.9% in the second quarter. Canandaigua National Bank & Trust Co. now owns 6,994 shares of the company’s stock worth $244,000 after buying an additional 200 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Tootsie Roll Industries by 1.3% in the second quarter. Prudential Financial Inc. now owns 12,097 shares of the company’s stock worth $422,000 after buying an additional 150 shares during the last quarter. Finally, Royce & Associates LP raised its stake in shares of Tootsie Roll Industries by 6.8% in the second quarter. Royce & Associates LP now owns 1,031,967 shares of the company’s stock worth $35,964,000 after buying an additional 65,500 shares during the last quarter. Institutional investors own 21.45% of the company’s stock.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc and its subsidiaries are engaged in the manufacture and sale of confectionery products. The Company offers a range of candy, chocolate and bubble gum brands. Its products are marketed in a range of packages designed to be suitable for display and sale in different types of retail outlets.

Receive News & Ratings for Tootsie Roll Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tootsie Roll Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply