Itau BBA Securities Initiates Coverage on BBB Foods (NYSE:TBBB)

Stock analysts at Itau BBA Securities started coverage on shares of BBB Foods (NYSE:TBBB) in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage set a “market perform” rating and a $32.00 price target on the stock. Itau BBA Securities’ price objective suggests a potential upside of 5.94% from the company’s current price.

BBB Foods Stock Down 0.3 %

Shares of BBB Foods stock opened at $30.21 on Wednesday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The stock’s 50-day simple moving average is $29.96 and its 200-day simple moving average is $29.81. BBB Foods has a 52 week low of $18.71 and a 52 week high of $35.22.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.07. As a group, research analysts predict that BBB Foods will post 0.15 EPS for the current year.

Institutional Trading of BBB Foods

Several hedge funds have recently bought and sold shares of TBBB. Zweig DiMenna Associates LLC grew its position in shares of BBB Foods by 4.9% during the fourth quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company’s stock valued at $11,217,000 after purchasing an additional 18,541 shares in the last quarter. SG Americas Securities LLC purchased a new position in BBB Foods during the 4th quarter valued at approximately $375,000. JPMorgan Chase & Co. increased its stake in BBB Foods by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock worth $38,239,000 after acquiring an additional 7,014 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of BBB Foods during the 3rd quarter worth approximately $230,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of BBB Foods during the 3rd quarter valued at approximately $24,694,000. Hedge funds and other institutional investors 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.