BBB Foods Inc. (NYSE:TBBB – Get Free Report) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $50.50.
TBBB has been the topic of a number of recent research reports. Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings raised BBB Foods from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Citigroup reiterated a “buy” rating on shares of BBB Foods in a report on Monday, September 14th. Scotiabank reissued an “outperform” rating and set a $65.00 target price on shares of BBB Foods in a research report on Thursday, August 27th. Finally, UBS Group boosted their target price on BBB Foods from $51.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, August 28th.
Read Our Latest Research Report on BBB Foods
Insider Transactions at BBB Foods
In related news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total value of $388,773.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc purchased a new position in shares of BBB Foods during the third quarter valued at approximately $349,000. Triasima Portfolio Management inc. bought a new position in shares of BBB Foods during the third quarter valued at approximately $10,617,000. Ninety One UK Ltd purchased a new stake in shares of BBB Foods in the third quarter worth approximately $59,033,000. Ninety One North America Inc. purchased a new stake in shares of BBB Foods in the third quarter worth approximately $17,591,000. Finally, GAMMA Investing LLC purchased a new stake in shares of BBB Foods in the third quarter worth approximately $43,000. Institutional investors own 8.42% of the company’s stock.
BBB Foods Price Performance
BBB Foods stock opened at $58.50 on Tuesday. The company’s 50-day moving average price is $51.40 and its 200-day moving average price is $43.43. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.44 and a current ratio of 0.68. BBB Foods has a twelve month low of $25.84 and a twelve month high of $59.48.
BBB Foods (NYSE:TBBB – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.42 billion. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. Analysts predict that BBB Foods will post -0.62 earnings per share for the current year.
BBB Foods Company Profile
BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. Its stores focus on everyday consumer essentials, including food, beverages, household products and personal-care items, offered primarily through a combination of private-label and selected national-brand products.
The company’s business model emphasizes a limited assortment, compact store formats and value-oriented pricing. Tiendas 3B stores primarily serve communities in Mexico, with a presence concentrated in the country’s central and southern regions.
BBB Foods was founded in 2004 and is led by Anthony Hatoum, who serves as the company’s chief executive officer.
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