BBB Foods Inc. (NYSE:TBBB) Receives $33.75 Average Target Price from Brokerages

BBB Foods Inc. (NYSE:TBBB) has been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $33.75.

A number of equities research analysts recently weighed in on TBBB shares. Wall Street Zen cut shares of BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of BBB Foods in a research report on Saturday, September 27th. Finally, The Goldman Sachs Group upgraded BBB Foods to a “hold” rating in a research note on Wednesday, July 9th.

Institutional Investors Weigh In On BBB Foods

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wasatch Advisors LP boosted its stake in shares of BBB Foods by 314.6% during the second quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock worth $60,850,000 after buying an additional 1,663,338 shares during the period. 3G Capital Partners LP lifted its position in BBB Foods by 328.6% during the 2nd quarter. 3G Capital Partners LP now owns 1,500,000 shares of the company’s stock worth $41,640,000 after acquiring an additional 1,150,000 shares during the period. Millennium Management LLC grew its stake in shares of BBB Foods by 942.8% in the 1st quarter. Millennium Management LLC now owns 1,240,966 shares of the company’s stock valued at $33,109,000 after purchasing an additional 1,121,959 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of BBB Foods in the first quarter valued at approximately $18,209,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of BBB Foods by 73.2% in 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 period. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Trading Up 2.5%

Shares of NYSE:TBBB opened at $25.75 on Friday. The company has a market cap of $2.94 billion, a PE ratio of -321.90 and a beta of -0.03. The company’s 50 day moving average is $25.94 and its two-hundred day moving average is $26.98. BBB Foods has a 52 week low of $23.00 and a 52 week high of $35.22. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 2.08.

BBB Foods (NYSE:TBBB) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The business had revenue of $1 billion for the quarter, compared to analyst estimates of $17.98 billion. BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%. Equities analysts predict that BBB Foods will post 0.15 earnings per share for the current fiscal 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.