JPMorgan Chase & Co. Issues Positive Forecast for BBB Foods (NYSE:TBBB) Stock Price

BBB Foods (NYSE:TBBB) had its price target increased by JPMorgan Chase & Co. from $44.00 to $46.00 in a report released on Monday,Benzinga reports. They currently have an overweight rating on the stock.

TBBB has been the topic of a number of other research reports. Morgan Stanley upgraded BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. Wells Fargo & Company set a $42.00 price objective on BBB Foods in a research note on Friday, March 13th. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. Finally, UBS Group boosted their price target on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.40.

BBB Foods Trading Up 2.2%

Shares of TBBB opened at $39.00 on Monday. The stock’s 50-day moving average is $35.69 and its two-hundred day moving average is $32.96. The stock has a market cap of $4.55 billion, a PE ratio of -29.55 and a beta of 0.01. BBB Foods has a 12 month low of $23.81 and a 12 month high of $40.09. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.62 and a quick ratio of 0.35.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.22). The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. BBB Foods had a negative return on equity of 70.80% and a negative net margin of 3.72%. Equities analysts forecast that BBB Foods will post -0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 396 shares in the last quarter. Osaic Holdings Inc. acquired a new position in shares of BBB Foods in the second quarter worth about $25,000. Larson Financial Group LLC lifted its stake in shares of BBB Foods by 547.9% in the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after acquiring an additional 893 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of BBB Foods in the fourth quarter worth about $39,000. Finally, Toth Financial Advisory Corp acquired a new position in shares of BBB Foods in the third quarter worth about $33,000. 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.