BBB Foods (NYSE:TBBB) Price Target Raised to $46.00

BBB Foods (NYSE:TBBB) had its target price increased by JPMorgan Chase & Co. from $44.00 to $46.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued research reports about the company. UBS Group lifted their price target on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Morgan Stanley upgraded BBB Foods to an “overweight” rating in a report on Wednesday, January 28th. Zacks Research cut BBB Foods from a “hold” rating to a “strong sell” rating in a report on Monday, March 23rd. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Itau BBA Securities upgraded BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.40.

BBB Foods Stock Down 0.2%

Shares of TBBB stock opened at $39.09 on Monday. The stock’s fifty day moving average price is $35.72 and its 200 day moving average price is $33.10. BBB Foods has a 1-year low of $23.81 and a 1-year high of $40.09. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.62 and a quick ratio of 0.35. The company has a market cap of $4.56 billion, a price-to-earnings ratio of -29.61 and a beta of 0.01.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.22). BBB Foods had a negative return on equity of 70.80% and a negative net margin of 3.72%.The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, research analysts expect that BBB Foods will post -0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BBB Foods

Several large investors have recently bought and sold shares of TBBB. Osaic Holdings Inc. purchased a new position in shares of BBB Foods during the second quarter worth about $25,000. Farther Finance Advisors LLC boosted its stake in shares of BBB Foods by 92.5% during the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after buying an additional 396 shares during the period. Larson Financial Group LLC boosted its stake in shares of BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after buying an additional 893 shares during the period. Toth Financial Advisory Corp acquired a new stake in shares of BBB Foods during the third quarter worth about $33,000. Finally, Smartleaf Asset Management LLC acquired a new stake in shares of BBB Foods during the fourth quarter worth about $39,000. Hedge funds and other institutional investors 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.