BBB Foods Inc. (NYSE:TBBB) Receives Average Recommendation of “Hold” from Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $32.83.

Separately, Itau BBA Securities began coverage on shares of BBB Foods in a report on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 price target for the company.

BBB Foods Trading Up 2.2 %

Shares of TBBB stock opened at $27.25 on Monday. BBB Foods has a fifty-two week low of $19.31 and a fifty-two week high of $35.22. The company has a 50 day moving average price of $26.47 and a 200 day moving average price of $29.30. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79.

BBB Foods (NYSE:TBBB) last released its earnings results on Wednesday, April 9th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $1.02 by ($1.03). The company had revenue of $784.03 million during the quarter, compared to analysts’ expectations of $16.87 billion. Sell-side analysts forecast that BBB Foods will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. 12 West Capital Management LP purchased a new stake in shares of BBB Foods during the 4th quarter worth $48,544,000. Capital Research Global Investors increased its holdings in BBB Foods by 37.3% in the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company’s stock valued at $150,738,000 after buying an additional 1,448,093 shares in the last quarter. FMR LLC boosted its stake in shares of BBB Foods by 33.6% during the 4th quarter. FMR LLC now owns 3,494,773 shares of the company’s stock worth $98,832,000 after acquiring an additional 878,003 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of BBB Foods in the 3rd quarter worth approximately $24,694,000. Finally, Ameriprise Financial Inc. increased its stake in BBB Foods by 146.1% in the 4th quarter. Ameriprise Financial Inc. now owns 943,857 shares of the company’s stock valued at $26,692,000 after purchasing an additional 560,280 shares in the last quarter. 8.42% of the stock is owned by hedge funds and other 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.