BBB Foods Inc. (NYSE:TBBB) Stock Has Average Price Target of $50.50

BBB Foods Inc. (NYSE:TBBB) has received an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $50.50.

Several analysts have weighed in on the company. Scotiabank reaffirmed an “outperform” rating and issued a $65.00 price target on shares of BBB Foods in a report on Thursday, August 27th. Citigroup reiterated a “buy” rating on shares of BBB Foods in a research report on Monday, September 14th. JPMorgan Chase & Co. boosted their price objective on BBB Foods from $48.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Zacks Research upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, UBS Group upped their price objective on shares of BBB Foods from $51.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, August 28th.

BBB Foods Price Performance

Shares of TBBB stock traded up $0.95 on Tuesday, reaching $57.25. The company’s stock had a trading volume of 242,027 shares, compared to its average volume of 661,001. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 2.16. BBB Foods has a 12-month low of $25.05 and a 12-month high of $57.30. The company has a market capitalization of $6.79 billion, a P/E ratio of -35.50 and a beta of 0.02. The stock’s 50 day simple moving average is $49.82 and its 200-day simple moving average is $42.63.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.03). BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.42 billion. As a group, equities analysts predict that BBB Foods will post -0.62 earnings per share for the current fiscal year.

Insider Transactions at BBB Foods

In other BBB Foods news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total value of $388,773.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of BBB Foods

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in BBB Foods in the 3rd quarter worth approximately $43,000. Farther Finance Advisors LLC purchased a new stake in BBB Foods in the third quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new position in BBB Foods during the third quarter valued at approximately $142,000. Eleva Capital SAS bought a new position in BBB Foods during the third quarter valued at approximately $8,746,000. Finally, Envestnet Asset Management Inc. grew its position in BBB Foods by 28.7% during the second quarter. Envestnet Asset Management Inc. now owns 38,171 shares of the company’s stock valued at $1,591,000 after acquiring an additional 8,506 shares during the last quarter. 8.42% of the stock is owned by institutional investors.

About BBB Foods

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. The company serves value-conscious consumers through small-format neighborhood stores focused on convenient locations, a streamlined shopping experience and everyday low prices.

Tiendas 3B stores offer a selection of essential grocery and household products, including packaged foods, beverages, personal-care items, cleaning supplies and other daily necessities. The assortment combines private-label merchandise with branded products, and certain locations also carry fresh or perishable goods.

BBB Foods was established to develop the hard-discount retail model in Mexico and has expanded its store network across the country, primarily in urban and suburban communities.