BBB Foods Inc. (NYSE:TBBB) Receives $43.14 Consensus Price Target from Brokerages

BBB Foods Inc. (NYSE:TBBB) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $43.1429.

A number of research firms have recently weighed in on TBBB. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and raised their target price for the company from $38.00 to $47.00 in a research note on Wednesday, May 27th. Finally, Itau BBA Securities raised shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Friday, March 13th.

Institutional Trading of BBB Foods

A number of institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. acquired a new position in BBB Foods during the 2nd quarter valued at about $25,000. Farther Finance Advisors LLC boosted its holdings in BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 396 shares in the last quarter. Larson Financial Group LLC boosted its holdings in BBB Foods by 547.9% in the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after acquiring an additional 893 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in BBB Foods in the fourth quarter worth about $39,000. Finally, Toth Financial Advisory Corp grew its stake in shares of BBB Foods by 29.0% during the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

BBB Foods Trading Up 1.8%

Shares of NYSE TBBB opened at $41.73 on Friday. BBB Foods has a 1-year low of $23.81 and a 1-year high of $43.81. The business has a fifty day moving average price of $39.18 and a 200 day moving average price of $36.69. The stock has a market capitalization of $4.95 billion, a P/E ratio of -26.92 and a beta of -0.02. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.60 and a quick ratio of 0.35.

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

About BBB Foods

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.