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

BBB Foods Inc. (NYSE:TBBB) has been given a consensus rating of “Hold” by the eight ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $39.00.

TBBB has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. UBS Group upped their price target on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a report on Monday, December 29th. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Morgan Stanley upgraded shares of BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th.

BBB Foods Price Performance

TBBB stock opened at $33.13 on Monday. The stock’s 50 day moving average is $35.30 and its two-hundred day moving average is $31.00. BBB Foods has a 52-week low of $23.00 and a 52-week high of $40.09. The company has a market capitalization of $3.78 billion, a PE ratio of -39.44 and a beta of -0.16. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21.

Institutional Trading of BBB Foods

Several institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in BBB Foods by 92.5% during 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 during the last quarter. Osaic Holdings Inc. bought a new stake in shares of BBB Foods in the 2nd quarter valued at approximately $25,000. Larson Financial Group LLC increased its holdings in shares of BBB Foods by 547.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after acquiring an additional 893 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of BBB Foods during the 4th quarter valued at approximately $39,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of BBB Foods during the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.