Brokerages Set BBB Foods Inc. (NYSE:TBBB) PT at $33.29

Shares of BBB Foods Inc. (NYSE:TBBB) have been assigned an average rating of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $33.29.

Several research firms recently commented on TBBB. Itau BBA Securities raised shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research note on Monday, April 21st. Scotiabank set a $37.00 target price on shares of BBB Foods and gave the company an “outperform” rating in a research report on Friday, April 11th. The Goldman Sachs Group raised shares of BBB Foods to a “hold” rating in a research report on Wednesday, July 9th. Finally, UBS Group raised their target price on shares of BBB Foods from $32.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th.

BBB Foods Trading Down 1.4%

TBBB stock opened at $25.93 on Wednesday. The company has a market capitalization of $2.96 billion, a PE ratio of 117.87 and a beta of 0.02. BBB Foods has a 12 month low of $23.00 and a 12 month high of $35.22. The firm’s 50-day moving average is $27.65 and its 200 day moving average is $27.84. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.74 and a quick ratio of 0.49.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.10). The company had revenue of $838.41 million during the quarter, compared to analysts’ expectations of $836.80 million. BBB Foods had a return on equity of 13.08% and a net margin of 0.85%. On average, research analysts anticipate that BBB Foods will post 0.15 EPS for the current year.

Institutional Trading of BBB Foods

Institutional investors have recently modified their holdings of the company. Banque Transatlantique SA acquired a new stake in BBB Foods in the 1st quarter worth approximately $25,000. FNY Investment Advisers LLC acquired a new stake in BBB Foods in the 1st quarter worth approximately $37,000. AdvisorNet Financial Inc acquired a new stake in BBB Foods in the 2nd quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd boosted its stake in BBB Foods by 124.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company’s stock worth $57,000 after purchasing an additional 1,187 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in BBB Foods in the 1st quarter worth approximately $96,000. 8.42% of the stock is currently owned by institutional investors.

About BBB Foods

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.