Brokerages Set BBB Foods Inc. (NYSE:TBBB) Price Target at $30.00

BBB Foods Inc. (NYSE:TBBB) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.17.

A number of research firms recently issued reports on TBBB. JPMorgan Chase & Co. upped their price target on shares of BBB Foods from $30.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Hsbc Global Res raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Friday. HSBC raised shares of BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 target price on the stock in a research note on Friday. Scotiabank increased their target price on shares of BBB Foods from $33.00 to $36.00 and gave the company a “sector outperform” rating in a research note on Friday, May 31st. Finally, Bank of America increased their target price on shares of BBB Foods from $26.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBBB. J.Safra Asset Management Corp bought a new stake in shares of BBB Foods in the 1st quarter valued at about $32,000. Hood River Capital Management LLC bought a new stake in shares of BBB Foods in the 1st quarter valued at about $54,000. National Bank of Canada FI bought a new stake in shares of BBB Foods in the 2nd quarter valued at about $103,000. Federated Hermes Inc. bought a new stake in shares of BBB Foods in the 2nd quarter valued at about $143,000. Finally, Quent Capital LLC bought a new stake in shares of BBB Foods in the 2nd quarter valued at about $167,000. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Trading Up 9.6 %

BBB Foods stock opened at $32.68 on Friday. BBB Foods has a 1 year low of $18.71 and a 1 year high of $32.99. The firm’s 50 day moving average price is $25.57 and its 200-day moving average price is $23.75.

BBB Foods Company Profile

BBB Foods Inc, through its subsidiaries, operates grocery retail stores in Mexico. It offers food products, drinks, hygiene and beauty products, home clean products, coffee, tea and substitutes, jellies and desserts, and baby and pet products. The company also provides branded, private label, and spot products.