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

Shares of BBB Foods Inc. (NYSE:TBBB) have been assigned an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $42.50.

Several brokerages recently issued reports on TBBB. JPMorgan Chase & Co. raised their price objective on BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. Morgan Stanley upgraded BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. Zacks Research cut BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd. Finally, UBS Group raised their target price on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, February 20th.

BBB Foods Stock Performance

Shares of TBBB opened at $36.42 on Friday. The business’s fifty day moving average price is $35.65 and its 200 day moving average price is $34.16. BBB Foods has a 12-month low of $23.81 and a 12-month high of $40.09. The stock has a market capitalization of $4.25 billion, a PE ratio of -23.50 and a beta of 0.02. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.62 and a quick ratio of 0.35.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data 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). BBB Foods had a negative return on equity of 82.15% and a negative net margin of 3.95%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Equities research analysts forecast that BBB Foods will post -0.57 EPS for the current year.

Institutional Investors Weigh In On BBB Foods

Hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its stake in BBB Foods by 123.4% in the third quarter. Baillie Gifford & Co. now owns 194,851 shares of the company’s stock valued at $5,253,000 after buying an additional 107,622 shares during the last quarter. Barings LLC bought a new stake in BBB Foods in the third quarter valued at $1,959,000. Citigroup Inc. lifted its stake in BBB Foods by 108.9% in the third quarter. Citigroup Inc. now owns 281,023 shares of the company’s stock valued at $7,576,000 after buying an additional 146,488 shares during the last quarter. DNB Asset Management AS lifted its stake in BBB Foods by 60.0% in the third quarter. DNB Asset Management AS now owns 374,275 shares of the company’s stock valued at $10,090,000 after buying an additional 140,409 shares during the last quarter. Finally, 3G Capital Partners LP lifted its stake in BBB Foods by 6.7% in the third quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock valued at $43,136,000 after buying an additional 100,000 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.