BBB Foods Inc. (NYSE:TBBB) Receives $34.80 Average Price Target from Analysts

Shares of BBB Foods Inc. (NYSE:TBBB) have been given an average rating of “Hold” by the seven brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $35.80.

A number of research firms have recently commented on TBBB. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research note on Monday. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. JPMorgan Chase & Co. upped their price objective on BBB Foods from $35.50 to $39.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, The Goldman Sachs Group increased their price objective on BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, December 18th.

Institutional Investors Weigh In On BBB Foods

Large investors have recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new stake in shares of BBB Foods in the first quarter valued at approximately $25,000. Osaic Holdings Inc. purchased a new position in BBB Foods in the 2nd quarter valued at approximately $25,000. Larson Financial Group LLC raised its holdings in BBB Foods by 547.9% during 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 period. Toth Financial Advisory Corp bought a new stake in BBB Foods during the 3rd quarter valued at $33,000. Finally, AdvisorNet Financial Inc purchased a new stake in shares of BBB Foods during the second quarter worth $37,000. Hedge funds and other institutional investors own 8.42% of the company’s stock.

BBB Foods Trading Down 1.6%

NYSE TBBB opened at $34.52 on Wednesday. The business has a fifty day simple moving average of $30.50 and a 200 day simple moving average of $27.61. The firm has a market capitalization of $3.94 billion, a P/E ratio of -41.10 and a beta of -0.15. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21. BBB Foods has a 12 month low of $23.00 and a 12 month high of $35.38.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data on Wednesday, November 19th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%.The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, analysts predict that BBB Foods will post 0.15 EPS 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.