BBB Foods (NYSE:TBBB) Given New $34.00 Price Target at The Goldman Sachs Group

BBB Foods (NYSE:TBBB) had its target price lifted by research analysts at The Goldman Sachs Group from $30.00 to $34.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 3.37% from the stock’s previous close.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their price target on BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research note on Monday. Finally, Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.80.

BBB Foods Stock Performance

Shares of TBBB stock traded up $0.74 on Thursday, hitting $32.89. The company had a trading volume of 155,545 shares, compared to its average volume of 718,768. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21. The company has a 50-day moving average price of $29.78 and a 200-day moving average price of $27.43. BBB Foods has a twelve month low of $23.00 and a twelve month high of $34.92. The firm has a market cap of $3.76 billion, a P/E ratio of -39.15, a price-to-earnings-growth ratio of 5.90 and a beta of -0.15.

BBB Foods (NYSE:TBBB) last released its earnings results on Wednesday, November 19th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%.The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. As a group, equities research analysts predict that BBB Foods will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of BBB Foods

A number of hedge funds have recently added to or reduced their stakes in TBBB. Banque Transatlantique SA purchased a new position in shares of BBB Foods in the 1st quarter worth $25,000. Osaic Holdings Inc. bought a new position in BBB Foods during the 2nd quarter valued at $25,000. Larson Financial Group LLC lifted its holdings in BBB Foods by 547.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after buying an additional 893 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in BBB Foods during the third quarter worth about $33,000. Finally, AdvisorNet Financial Inc acquired a new position in BBB Foods during the 2nd quarter valued at approximately $37,000. 8.42% of the stock is owned by institutional investors and hedge funds.

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.