BBB Foods Inc. (NYSE:TBBB) Receives $39.00 Consensus PT from Analysts

BBB Foods Inc. (NYSE:TBBB) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.00.

Several equities research analysts have commented on the stock. Itau BBA Securities lowered shares of BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 price target on the stock. in a report on Thursday, February 12th. Wall Street Zen cut BBB Foods from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Morgan Stanley raised BBB Foods to an “overweight” rating in a report on Wednesday, January 28th. UBS Group lifted their price target on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, The Goldman Sachs Group upped their price objective on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th.

Institutional Trading of BBB Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 396 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of BBB Foods during the 2nd quarter valued at about $25,000. Larson Financial Group LLC increased its stake in shares of BBB Foods by 547.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after purchasing an additional 893 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in BBB Foods in the 4th quarter worth about $39,000. Finally, Toth Financial Advisory Corp acquired a new position in BBB Foods in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

BBB Foods Stock Performance

Shares of NYSE TBBB opened at $34.85 on Monday. The company has a 50 day simple moving average of $35.35 and a two-hundred day simple moving average of $30.86. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of -41.49 and a beta of -0.16. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21. BBB Foods has a 12 month low of $23.00 and a 12 month high of $40.09.

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.