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

Shares of BBB Foods Inc. (NYSE:TBBB) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $34.80.

A number of research firms have commented on TBBB. Weiss Ratings reiterated a “sell (d)” rating on shares of BBB Foods in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of BBB Foods from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of BBB Foods from $35.50 to $39.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Zacks Research lowered shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th.

BBB Foods Price Performance

Shares of NYSE TBBB traded up $0.20 during trading on Friday, hitting $31.78. 737,306 shares of the company were exchanged, compared to its average volume of 609,261. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.65 and a quick ratio of 0.44. BBB Foods has a 1 year low of $23.00 and a 1 year high of $34.75. The company has a market cap of $3.63 billion, a price-to-earnings ratio of -37.83 and a beta of -0.03. The firm’s fifty day moving average price is $27.22 and its 200 day moving average price is $27.05.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results 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). The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion. BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%. On average, sell-side analysts expect that BBB Foods will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of BBB Foods

A number of large investors have recently made changes to their positions in the stock. Capital Research Global Investors lifted its holdings in BBB Foods by 2.6% in the 3rd quarter. Capital Research Global Investors now owns 5,882,050 shares of the company’s stock valued at $158,580,000 after purchasing an additional 151,003 shares in the last quarter. 12 West Capital Management LP raised its position in shares of BBB Foods by 39.8% in the third quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock valued at $91,199,000 after buying an additional 963,712 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of BBB Foods by 23.8% during the third quarter. Wasatch Advisors LP now owns 2,712,916 shares of the company’s stock valued at $73,140,000 after buying an additional 520,904 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of BBB Foods by 73.2% during the first quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company’s stock valued at $43,606,000 after buying an additional 690,560 shares during the period. Finally, 3G Capital Partners LP boosted its position in BBB Foods by 6.7% during the third quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock worth $43,136,000 after acquiring an additional 100,000 shares during the last quarter. 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.