BBB Foods Inc. (NYSE:TBBB) Receives $34.80 Consensus PT from Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $34.80.

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of BBB Foods from $35.50 to $39.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Zacks Research lowered BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Wall Street Zen lowered BBB Foods from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BBB Foods in a research note on Wednesday, October 8th.

BBB Foods Price Performance

TBBB opened at $31.86 on Friday. BBB Foods has a 1 year low of $23.00 and a 1 year high of $34.75. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.65 and a quick ratio of 0.39. The firm’s fifty day moving average price is $27.33 and its two-hundred day moving average price is $27.02. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of -37.92 and a beta of -0.03.

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 business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. As a group, analysts anticipate that BBB Foods will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of BBB Foods

Several hedge funds have recently added to or reduced their stakes in the business. Tempus Wealth Planning LLC lifted its position in BBB Foods by 4.7% in the first quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company’s stock valued at $339,000 after purchasing an additional 571 shares during the last quarter. Picton Mahoney Asset Management increased its stake in shares of BBB Foods by 35.7% in the first quarter. Picton Mahoney Asset Management now owns 39,900 shares of the company’s stock worth $1,065,000 after buying an additional 10,500 shares during the period. XTX Topco Ltd bought a new stake in BBB Foods during the 1st quarter valued at $838,000. Bank of Nova Scotia bought a new stake in BBB Foods during the 1st quarter valued at $213,000. Finally, Deutsche Bank AG boosted its position in BBB Foods by 104.5% during the 1st quarter. Deutsche Bank AG now owns 22,500 shares of the company’s stock valued at $600,000 after buying an additional 11,500 shares during the period. 8.42% of the stock is 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.