BBB Foods Inc. (NYSE:TBBB) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $45.1250.

Several analysts recently weighed in on the stock. UBS Group upgraded shares of BBB Foods from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $43.00 to $51.00 in a research report on Tuesday. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and raised their price target for the company from $38.00 to $47.00 in a research note on Wednesday, May 27th. Citigroup began coverage on BBB Foods in a report on Friday, July 31st. They set a “buy” rating and a $49.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on BBB Foods from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TBBB. Toth Financial Advisory Corp grew its holdings in BBB Foods by 29.0% during the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after acquiring an additional 360 shares during the period. Farther Finance Advisors LLC lifted its holdings in BBB Foods by 92.5% in the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 396 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in BBB Foods by 2.9% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 27,163 shares of the company’s stock valued at $732,000 after acquiring an additional 770 shares during the last quarter. Savant Capital LLC boosted its position in shares of BBB Foods by 6.7% during the 4th quarter. Savant Capital LLC now owns 12,540 shares of the company’s stock valued at $419,000 after purchasing an additional 792 shares in the last quarter. Finally, Osaic Holdings Inc. bought a new position in shares of BBB Foods during the 2nd quarter valued at about $25,000. Institutional investors own 8.42% of the company’s stock.

BBB Foods Price Performance

Shares of TBBB opened at $41.88 on Thursday. BBB Foods has a 12 month low of $23.81 and a 12 month high of $44.58. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.60 and a quick ratio of 0.35. The stock has a fifty day moving average price of $40.79 and a 200 day moving average price of $37.63. The company has a market cap of $4.97 billion and a P/E ratio of -27.02.

BBB Foods (NYSE:TBBB) last posted its earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. On average, research analysts forecast that BBB Foods will post -0.61 earnings per share for the current year.

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.