BBB Foods (NYSE:TBBB) Price Target Raised to $34.00

BBB Foods (NYSE:TBBB) had its price objective raised by The Goldman Sachs Group from $30.00 to $34.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. JPMorgan Chase & Co. raised their target price on shares of BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.80.

BBB Foods Price Performance

Shares of TBBB opened at $33.68 on Thursday. BBB Foods has a twelve month low of $23.00 and a twelve month high of $34.92. The company has a market capitalization of $3.85 billion, a P/E ratio of -40.09 and a beta of -0.15. The firm has a 50 day moving average of $30.14 and a 200 day moving average of $27.50. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21.

BBB Foods (NYSE:TBBB) last posted its earnings results on Wednesday, November 19th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%. As a group, equities research analysts anticipate that BBB Foods will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BBB Foods

A number of institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG grew its holdings in BBB Foods by 104.5% during the first quarter. Deutsche Bank AG now owns 22,500 shares of the company’s stock valued at $600,000 after purchasing an additional 11,500 shares during the period. Fox Run Management L.L.C. purchased a new position in BBB Foods during the first quarter valued at approximately $245,000. Quantbot Technologies LP bought a new position in shares of BBB Foods in the first quarter worth approximately $416,000. Ameriprise Financial Inc. increased its stake in shares of BBB Foods by 73.2% in the first quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company’s stock worth $43,606,000 after purchasing an additional 690,560 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of BBB Foods in the first quarter worth $2,284,000. 8.42% of the stock is owned by institutional investors.

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.