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

Shares of BBB Foods Inc. (NYSE:TBBB) have received an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $43.1429.

Several equities research analysts have weighed in on TBBB shares. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Friday, March 13th. UBS Group increased their target price on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Wells Fargo & Company set a $42.00 target price on BBB Foods in a research report on Friday, March 13th. Zacks Research lowered BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Finally, JPMorgan Chase & Co. increased their target price on BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th.

Institutional Investors Weigh In On BBB Foods

Large investors have recently added to or reduced their stakes in the stock. Barings LLC bought a new position in shares of BBB Foods in the third quarter worth $1,959,000. Citigroup Inc. grew its stake in shares of BBB Foods by 108.9% in the third quarter. Citigroup Inc. now owns 281,023 shares of the company’s stock worth $7,576,000 after purchasing an additional 146,488 shares in the last quarter. DNB Asset Management AS grew its stake in shares of BBB Foods by 60.0% in the third quarter. DNB Asset Management AS now owns 374,275 shares of the company’s stock worth $10,090,000 after purchasing an additional 140,409 shares in the last quarter. Bronte Capital Management Pty Ltd. bought a new position in shares of BBB Foods in the fourth quarter worth $13,161,000. Finally, 3G Capital Partners LP grew its stake in shares of BBB Foods by 6.7% in the third quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock worth $43,136,000 after purchasing an additional 100,000 shares in the last quarter. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Stock Performance

TBBB stock opened at $39.59 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76. The firm has a market cap of $4.69 billion, a P/E ratio of -25.54 and a beta of 0.03. BBB Foods has a 12-month low of $23.81 and a 12-month high of $40.09. The stock’s 50 day simple moving average is $36.97 and its 200 day simple moving average is $35.29.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. As a group, equities research analysts predict that BBB Foods will post -0.61 EPS for the current 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.