Analysts Set BBB Foods Inc. (NYSE:TBBB) PT at $43.14

BBB Foods Inc. (NYSE:TBBB) has been given an average rating of “Hold” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $43.1429.

TBBB has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research report on Friday, March 27th. UBS Group boosted their target price on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Wells Fargo & Company set a $42.00 target price on shares of BBB Foods in a research report on Friday, March 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, April 20th.

BBB Foods Stock Up 0.1%

Shares of NYSE TBBB opened at $42.16 on Wednesday. The company has a market capitalization of $5.00 billion, a P/E ratio of -27.20 and a beta of 0.03. BBB Foods has a 52-week low of $23.81 and a 52-week high of $42.71. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.35 and a current ratio of 0.60. The company’s 50 day moving average price is $37.35 and its 200-day moving average price is $35.50.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%.The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Equities analysts forecast that BBB Foods will post -0.61 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TBBB. Orbis Allan Gray Ltd acquired a new position in shares of BBB Foods during the 4th quarter valued at $109,810,000. Principal Financial Group Inc. bought a new stake in BBB Foods during the 1st quarter valued at $65,967,000. Wasatch Advisors LP increased its stake in BBB Foods by 314.6% during the 2nd quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock valued at $60,850,000 after purchasing an additional 1,663,338 shares in the last quarter. 12 West Capital Management LP increased its stake in BBB Foods by 39.8% during the 3rd quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock valued at $91,199,000 after purchasing an additional 963,712 shares in the last quarter. Finally, Duquesne Family Office LLC increased its stake in BBB Foods by 228.1% during the 3rd quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock valued at $31,897,000 after purchasing an additional 822,575 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

BBB Foods Company Profile

BBB Foods Inc, through its subsidiaries, operates a chain of grocery retail stores in Mexico. It offers household cleaning, personal hyenine, cosmetics and beauty, pharmacy, and general merchandise products, as well as jellies and desserts, foods and drinks, pet supplies, coffee, tea, chocolates, breads, dry and frozen foods, snacks and sweets, and toilet papers and napkins. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.