BBB Foods Inc. (NYSE:TBBB) Receives $39.50 Average PT from Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $39.50.

A number of research firms have recently weighed in on TBBB. Wells Fargo & Company set a $42.00 target price on BBB Foods in a report on Friday, March 13th. The Goldman Sachs Group upped 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. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Friday, March 13th. Wall Street Zen downgraded shares of BBB Foods from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Morgan Stanley upgraded shares of BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th.

BBB Foods Trading Up 0.1%

NYSE:TBBB opened at $34.33 on Friday. 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 has a one year low of $23.81 and a one year high of $40.09. The company has a market cap of $3.92 billion, a PE ratio of -26.01 and a beta of -0.16. The firm has a 50-day moving average of $35.35 and a 200-day moving average of $31.79.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Wednesday, March 11th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.22). The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. BBB Foods had a negative net margin of 3.72% and a negative return on equity of 70.80%. As a group, equities research analysts expect that BBB Foods will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

Institutional investors have recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd bought a new position in shares of BBB Foods during the 4th quarter worth approximately $109,810,000. Wasatch Advisors LP grew its holdings in shares of BBB Foods by 314.6% in the second quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock valued at $60,850,000 after acquiring an additional 1,663,338 shares in the last quarter. 3G Capital Partners LP grew its holdings in shares of BBB Foods by 328.6% in the second quarter. 3G Capital Partners LP now owns 1,500,000 shares of the company’s stock valued at $41,640,000 after acquiring an additional 1,150,000 shares in the last quarter. 12 West Capital Management LP increased its position in shares of BBB Foods by 39.8% during the third quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock valued at $91,199,000 after acquiring an additional 963,712 shares during the last quarter. Finally, Duquesne Family Office LLC increased its position in shares of BBB Foods by 228.1% during the third quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock valued at $31,897,000 after acquiring an additional 822,575 shares during the last quarter. 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.