Itau BBA Securities Begins Coverage on BBB Foods (NYSE:TBBB)

Equities researchers at Itau BBA Securities started coverage on shares of BBB Foods (NYSE:TBBB) in a report issued on Wednesday, MarketBeat Ratings reports. The firm set a “market perform” rating and a $32.00 price target on the stock. Itau BBA Securities’ price target would indicate a potential upside of 5.94% from the company’s current price.

BBB Foods Stock Performance

Shares of BBB Foods stock opened at $30.21 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. The stock has a 50 day moving average price of $29.96 and a 200-day moving average price of $29.81. BBB Foods has a one year low of $18.71 and a one year high of $35.22.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.03 by $0.07. Equities analysts forecast that BBB Foods will post 0.15 EPS for the current year.

Institutional Trading of BBB Foods

Several institutional investors have recently added to or reduced their stakes in TBBB. Federated Hermes Inc. purchased a new stake in shares of BBB Foods in the second quarter worth approximately $143,000. Verdence Capital Advisors LLC bought a new position in BBB Foods in the 3rd quarter valued at $224,000. Virtu Financial LLC purchased a new stake in BBB Foods in the third quarter worth $230,000. XTX Topco Ltd bought a new stake in shares of BBB Foods during the second quarter worth $289,000. Finally, SG Americas Securities LLC bought a new stake in shares of BBB Foods during the fourth quarter worth $375,000. Institutional investors own 8.42% of the company’s stock.

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.