BBB Foods Inc. (NYSE:TBBB) Given Average Rating of “Hold” by Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $34.80.

TBBB has been the subject of several research reports. Zacks Research upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. JPMorgan Chase & Co. upped their price target on BBB Foods from $35.50 to $39.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a report on Monday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TBBB. Jump Financial LLC purchased a new stake in BBB Foods during the 1st quarter valued at $2,284,000. Deutsche Bank AG raised its stake in BBB Foods by 104.5% during the first quarter. Deutsche Bank AG now owns 22,500 shares of the company’s stock valued at $600,000 after buying an additional 11,500 shares during the last quarter. Ashoka WhiteOak Capital Pte Ltd increased its stake in BBB Foods by 100.7% during the 2nd quarter. Ashoka WhiteOak Capital Pte Ltd now owns 57,800 shares of the company’s stock valued at $1,587,000 after purchasing an additional 29,000 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in BBB Foods by 276.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock worth $4,176,000 after acquiring an additional 114,990 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of BBB Foods by 73.2% during the first quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company’s stock valued at $43,606,000 after purchasing an additional 690,560 shares during the last quarter. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Price Performance

TBBB traded up $0.95 on Wednesday, hitting $33.31. 14,462 shares of the company were exchanged, compared to its average volume of 714,828. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.39 and a current ratio of 0.65. BBB Foods has a fifty-two week low of $23.00 and a fifty-two week high of $34.92. The business’s fifty day moving average is $29.63 and its 200 day moving average is $27.40. The firm has a market capitalization of $3.80 billion, a P/E ratio of -38.68, a price-to-earnings-growth ratio of 6.02 and a beta of -0.15.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data on Wednesday, November 19th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. As a group, sell-side analysts anticipate that BBB Foods will post 0.15 EPS for the current 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.