BBB Foods Inc. (NYSE:TBBB – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.31 and last traded at $39.9310, with a volume of 43984 shares changing hands. The stock had previously closed at $39.52.
Analyst Ratings Changes
A number of analysts have commented on TBBB shares. UBS Group raised their price objective on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Itau BBA Securities upgraded BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Friday, March 13th. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research lowered shares of BBB Foods from a “hold” rating to a “strong sell” rating in a report on Monday, March 23rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.14.
Check Out Our Latest Stock Analysis on TBBB
BBB Foods Stock Performance
BBB Foods (NYSE:TBBB – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. As a group, analysts anticipate that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal year.
Hedge Funds Weigh In On BBB Foods
Institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. bought a new stake in BBB Foods during the second quarter worth about $25,000. Farther Finance Advisors LLC raised its stake in shares of BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 396 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of BBB Foods by 547.9% in the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after acquiring an additional 893 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of BBB Foods in the 4th quarter worth approximately $39,000. Finally, Toth Financial Advisory Corp grew its position in BBB Foods by 29.0% during the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after acquiring an additional 360 shares during the last quarter. 8.42% of the stock is owned by institutional investors.
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.
Featured Stories
- Five stocks we like better than BBB Foods
- Chewy’s Growth Engine Is Stronger Than the Market Thinks
- Nebius Group’s £1.7 Billion UK Expansion Fuels Bullish Case Despite the Pullback
- An Analyst Just Raised Tesla’s Price Target by 227%—Here’s Why
- AST SpaceMobile’s SpaceX Catalyst Could Come With a Volatility Warning
Receive News & Ratings for BBB Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BBB Foods and related companies with MarketBeat.com's FREE daily email newsletter.
