BBB Foods Inc. (NYSE:TBBB) Receives $35.80 Average Price Target from Brokerages

BBB Foods Inc. (NYSE:TBBB) has received an average recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $35.80.

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on BBB Foods from $35.50 to $39.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Wall Street Zen downgraded BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Finally, The Goldman Sachs Group increased their price target on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th.

BBB Foods Stock Up 2.2%

Shares of NYSE:TBBB opened at $38.99 on Thursday. BBB Foods has a 1 year low of $23.00 and a 1 year high of $39.39. 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 business’s 50-day moving average is $34.02 and its 200-day moving average is $29.41. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of -46.42 and a beta of -0.14.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings results on Wednesday, November 19th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.23). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%. Equities research analysts predict that BBB Foods will post 0.15 earnings per share for the current year.

Institutional Trading of BBB Foods

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in BBB Foods by 276.8% during the first quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock worth $4,176,000 after buying an additional 114,990 shares during the last quarter. Blue Trust Inc. increased its position in shares of BBB Foods by 32.3% during the second quarter. Blue Trust Inc. now owns 10,513 shares of the company’s stock worth $292,000 after acquiring an additional 2,564 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of BBB Foods by 6.2% in the 2nd quarter. Verdence Capital Advisors LLC now owns 9,095 shares of the company’s stock worth $252,000 after acquiring an additional 529 shares during the last quarter. J.Safra Asset Management Corp raised its holdings in shares of BBB Foods by 10.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 12,018 shares of the company’s stock worth $330,000 after acquiring an additional 1,093 shares during the last quarter. Finally, VELA Investment Management LLC lifted its position in BBB Foods by 37.2% in the 2nd quarter. VELA Investment Management LLC now owns 34,300 shares of the company’s stock valued at $952,000 after acquiring an additional 9,300 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

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.