BBB Foods Inc. (NYSE:TBBB) Receives $35.80 Average Price Target from Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB) have been given a consensus rating of “Hold” by the eight analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $35.80.

Several research firms recently weighed in on TBBB. Itau BBA Securities lowered shares of BBB Foods to a “market perform” rating in a research report on Thursday. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Morgan Stanley raised shares of BBB Foods to an “overweight” rating in a report on Wednesday, January 28th. The Goldman Sachs Group upped their price objective on BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, December 18th. Finally, JPMorgan Chase & Co. raised their target price on BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th.

Institutional Investors Weigh In On BBB Foods

Several hedge funds and other institutional investors have recently modified their holdings of TBBB. Osaic Holdings Inc. bought a new position in shares of BBB Foods in the second quarter worth approximately $25,000. Farther Finance Advisors LLC grew its stake in BBB Foods by 92.5% in the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after buying an additional 396 shares in the last quarter. Larson Financial Group LLC grew its stake in BBB Foods by 547.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after buying an additional 893 shares in the last quarter. Toth Financial Advisory Corp bought a new position in shares of BBB Foods in the 3rd quarter worth $33,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of BBB Foods during the 2nd quarter valued at $72,000. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Price Performance

Shares of NYSE:TBBB opened at $38.82 on Thursday. BBB Foods has a twelve month low of $23.00 and a twelve month high of $39.39. The stock’s 50 day moving average is $34.33 and its 200-day moving average is $29.68. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of -46.21 and a beta of -0.14.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.23). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%. Sell-side analysts forecast that BBB Foods will post 0.15 EPS for the current fiscal year.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.