BBB Foods Inc. (NYSE:TBBB) Given Consensus Rating of “Hold” by Brokerages

Shares of BBB Foods Inc. (NYSE:TBBBGet Free Report) have been given an average rating of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $43.1429.

A number of analysts have recently commented on the stock. Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a report on Friday, March 13th. Wells Fargo & Company set a $42.00 price target on BBB Foods in a research note on Friday, March 13th. HSBC raised BBB Foods from a “hold” rating to a “buy” rating and increased their price objective for the company from $38.00 to $47.00 in a research note on Wednesday, May 27th. Finally, Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th.

View Our Latest Analysis on TBBB

BBB Foods Price Performance

Shares of TBBB stock traded down $0.06 during trading hours on Friday, hitting $42.01. 609,542 shares of the company’s stock were exchanged, compared to its average volume of 631,820. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76. The firm has a market cap of $4.98 billion, a P/E ratio of -27.11 and a beta of -0.02. The firm has a 50 day moving average of $38.81 and a two-hundred day moving average of $36.43. BBB Foods has a fifty-two week low of $23.81 and a fifty-two week high of $43.81.

BBB Foods (NYSE:TBBBGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. Sell-side analysts forecast that BBB Foods will post -0.61 EPS for the current year.

Hedge Funds Weigh In On BBB Foods

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its stake in BBB Foods by 92.5% during the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 396 shares in the last quarter. Osaic Holdings Inc. acquired a new position in shares of BBB Foods during the 2nd quarter worth approximately $25,000. Larson Financial Group LLC grew its position 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 purchasing an additional 893 shares in the last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of BBB Foods in the fourth quarter valued at approximately $39,000. Finally, Toth Financial Advisory Corp increased its holdings in shares of BBB Foods by 29.0% in the fourth 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 during the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.

About BBB Foods

(Get Free Report)

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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Analyst Recommendations for BBB Foods (NYSE:TBBB)

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