Brokerages Set BBB Foods Inc. (NYSE:TBBB) PT at $34.00

BBB Foods Inc. (NYSE:TBBB) has received an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $34.00.

A number of equities analysts have weighed in on TBBB shares. Scotiabank set a $37.00 target price on shares of BBB Foods and gave the company an “outperform” rating in a research note on Friday, April 11th. UBS Group raised their target price on shares of BBB Foods from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Finally, Itau BBA Securities raised shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $36.00 target price for the company in a research note on Monday, April 21st.

Institutional Investors Weigh In On BBB Foods

Several institutional investors and hedge funds have recently made changes to their positions in TBBB. 12 West Capital Management LP bought a new stake in BBB Foods in the 4th quarter worth approximately $48,544,000. Capital Research Global Investors grew its position in BBB Foods by 37.3% in the 4th quarter. Capital Research Global Investors now owns 5,330,214 shares of the company’s stock worth $150,738,000 after purchasing an additional 1,448,093 shares during the period. Millennium Management LLC grew its position in BBB Foods by 942.8% in the 1st quarter. Millennium Management LLC now owns 1,240,966 shares of the company’s stock worth $33,109,000 after purchasing an additional 1,121,959 shares during the period. FMR LLC grew its position in BBB Foods by 33.6% in the 4th quarter. FMR LLC now owns 3,494,773 shares of the company’s stock worth $98,832,000 after purchasing an additional 878,003 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new stake in BBB Foods in the 1st quarter worth approximately $18,209,000. Institutional investors own 8.42% of the company’s stock.

BBB Foods Stock Performance

Shares of TBBB opened at $27.22 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.74 and a quick ratio of 0.49. BBB Foods has a one year low of $22.56 and a one year high of $35.22. The company has a 50-day simple moving average of $28.48 and a two-hundred day simple moving average of $28.15. The firm has a market capitalization of $3.11 billion, a PE ratio of 123.73 and a beta of 0.16.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.10). BBB Foods had a return on equity of 13.08% and a net margin of 0.85%. The company had revenue of $838.41 million during the quarter, compared to analysts’ expectations of $836.80 million. On average, analysts anticipate that BBB Foods will post 0.15 EPS for the current fiscal year.

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.