Wall Street Zen upgraded shares of BBB Foods (NYSE:TBBB – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.
A number of other brokerages also recently issued reports on TBBB. JPMorgan Chase & Co. increased their price target on BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. UBS Group increased their price target 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 price target on BBB Foods in a research report on Friday, March 13th. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Friday, March 13th. Finally, Morgan Stanley raised BBB Foods to an “overweight” rating in a research report on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $42.50.
View Our Latest Analysis on BBB Foods
BBB Foods Price Performance
BBB Foods (NYSE:TBBB – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.03). BBB Foods had a negative net margin of 3.95% and a negative return on equity of 82.15%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Equities research analysts expect that BBB Foods will post -0.57 EPS for the current year.
Institutional Investors Weigh In On BBB Foods
A number of large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings in shares of BBB Foods by 92.5% in the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 396 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of BBB Foods in the 2nd quarter valued at $25,000. Larson Financial Group LLC boosted its holdings 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 purchasing an additional 893 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of BBB Foods in the 4th quarter valued at $39,000. Finally, Toth Financial Advisory Corp boosted its holdings in shares of BBB Foods by 29.0% in the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after purchasing an additional 360 shares in 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.
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