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

BBB Foods Inc. (NYSE:TBBB) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $33.29.

Several analysts have recently weighed in on TBBB shares. The Goldman Sachs Group upgraded BBB Foods to a “hold” rating in a report on Wednesday, July 9th. Scotiabank set a $37.00 target price on BBB Foods and gave the company an “outperform” rating in a report on Friday, April 11th. UBS Group upped their target price on BBB Foods from $32.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, June 4th. Finally, Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $36.00 target price for the company in a report on Monday, April 21st.

BBB Foods Trading Up 9.0%

Shares of BBB Foods stock opened at $26.64 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.93. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 121.10 and a beta of 0.02. The business has a fifty day simple moving average of $27.78 and a 200-day simple moving average of $27.87. BBB Foods has a fifty-two week low of $23.00 and a fifty-two week high of $35.22.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.10). The firm had revenue of $838.41 million during the quarter, compared to analyst estimates of $836.80 million. BBB Foods had a net margin of 0.85% and a return on equity of 13.08%. On average, equities analysts forecast that BBB Foods will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

Several hedge funds have recently modified their holdings of the stock. Capital Research Global Investors lifted its holdings in shares of BBB Foods by 37.3% during the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company’s stock valued at $150,738,000 after purchasing an additional 1,448,093 shares during the last quarter. FMR LLC boosted its position in 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 during the period. Gilder Gagnon Howe & Co. LLC boosted its position in BBB Foods by 3.1% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,853,906 shares of the company’s stock worth $80,708,000 after acquiring an additional 84,482 shares during the period. 12 West Capital Management LP grew its stake in BBB Foods by 33.4% during the 1st quarter. 12 West Capital Management LP now owns 2,289,058 shares of the company’s stock valued at $61,072,000 after acquiring an additional 572,500 shares in the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of BBB Foods by 8.8% in the 4th quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company’s stock valued at $59,901,000 after purchasing an additional 170,811 shares during the period. 8.42% of the stock is owned by hedge funds and other institutional investors.

About BBB Foods

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.