Analysts Set BBB Foods Inc. (NYSE:TBBB) Target Price at $41.40

BBB Foods Inc. (NYSE:TBBB) has been given an average rating of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $41.40.

A number of brokerages have issued reports on TBBB. Itau BBA Securities upgraded shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Friday, March 13th. UBS Group boosted their price target on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a research report on Friday, March 27th. Wells Fargo & Company set a $42.00 price objective on BBB Foods in a research note on Friday, March 13th. Finally, JPMorgan Chase & Co. lifted their price objective on BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Monday.

BBB Foods Trading Down 5.0%

Shares of BBB Foods stock opened at $37.17 on Tuesday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.35 and a current ratio of 0.62. The firm has a 50-day moving average of $35.72 and a 200-day moving average of $33.13. BBB Foods has a 52-week low of $23.81 and a 52-week high of $40.09. The stock has a market cap of $4.34 billion, a PE ratio of -28.16 and a beta of 0.01.

BBB Foods (NYSE:TBBB) last released its quarterly earnings results on Wednesday, March 11th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.22). BBB Foods had a negative return on equity of 70.80% and a negative net margin of 3.72%.The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. As a group, sell-side analysts forecast that BBB Foods will post -0.57 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP grew its stake in BBB Foods by 20.3% during the first quarter. Wasatch Advisors LP now owns 4,099,825 shares of the company’s stock worth $145,011,000 after buying an additional 690,544 shares in the last quarter. Ashoka WhiteOak Capital Pte Ltd raised its position in shares of BBB Foods by 40.7% in the 1st quarter. Ashoka WhiteOak Capital Pte Ltd now owns 201,528 shares of the company’s stock valued at $6,922,000 after buying an additional 58,328 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of BBB Foods during the 4th quarter worth approximately $565,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of BBB Foods during the 4th quarter worth approximately $89,000. Finally, Virtu Financial LLC acquired a new stake in shares of BBB Foods during the 4th quarter worth approximately $399,000. 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.