Brokerages Set BBB Foods Inc. (NYSE:TBBB) Target Price at $39.50

BBB Foods Inc. (NYSE:TBBB) has been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $39.50.

A number of research analysts have recently weighed in on the company. UBS Group increased their price target on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Wells Fargo & Company set a $42.00 price objective on shares of BBB Foods in a report on Friday, March 13th. The Goldman Sachs Group lifted their target price on BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, December 18th. Morgan Stanley upgraded shares of BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. Finally, Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd.

Institutional Trading of BBB Foods

A number of hedge funds have recently modified their holdings of TBBB. Osaic Holdings Inc. acquired a new stake in BBB Foods during the second quarter worth approximately $25,000. Farther Finance Advisors LLC increased its position in shares of BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 396 shares during the period. Larson Financial Group LLC raised its position 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 buying an additional 893 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in BBB Foods during the third quarter valued at approximately $33,000. Finally, Smartleaf Asset Management LLC bought a new stake in shares of BBB Foods during the 4th quarter worth $39,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

BBB Foods Trading Up 3.8%

Shares of NYSE TBBB opened at $36.26 on Friday. The company has a 50-day moving average of $35.52 and a two-hundred day moving average of $31.96. BBB Foods has a 1-year low of $23.81 and a 1-year high of $40.09. The company has a current ratio of 0.62, a quick ratio of 0.35 and a debt-to-equity ratio of 2.61. The company has a market cap of $4.14 billion, a PE ratio of -27.47 and a beta of 0.01.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data on Wednesday, March 11th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.22). The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. BBB Foods had a negative net margin of 3.72% and a negative return on equity of 70.80%. As a group, equities analysts expect that BBB Foods will post 0.15 earnings per share for the current fiscal year.

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