BBB Foods Inc. (NYSE:TBBB) Receives Average Recommendation of “Hold” from Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB) have earned an average rating of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $30.57.

A number of research analysts recently weighed in on the company. Hsbc Global Res raised BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, August 23rd. Jefferies Financial Group assumed coverage on BBB Foods in a research report on Monday, September 9th. They set a “hold” rating and a $33.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on BBB Foods from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Finally, HSBC raised BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 price objective for the company in a research report on Friday, August 23rd.

BBB Foods Trading Down 1.2 %

TBBB stock opened at $32.89 on Wednesday. BBB Foods has a fifty-two week low of $18.71 and a fifty-two week high of $35.22. The business’s 50 day moving average price is $31.44 and its two-hundred day moving average price is $27.73. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85.

BBB Foods (NYSE:TBBB) last posted its earnings results on Wednesday, August 21st. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The firm had revenue of $788.28 million for the quarter, compared to analysts’ expectations of $708.69 million. Sell-side analysts forecast that BBB Foods will post 0.14 EPS for the current year.

Institutional Trading of BBB Foods

Several institutional investors have recently added to or reduced their stakes in TBBB. Sei Investments Co. purchased a new stake in BBB Foods during the 1st quarter valued at $711,000. Russell Investments Group Ltd. purchased a new position in shares of BBB Foods in the 1st quarter worth $1,512,000. William Blair Investment Management LLC purchased a new position in shares of BBB Foods in the 1st quarter worth $48,934,000. Barings LLC purchased a new position in shares of BBB Foods in the 1st quarter worth $1,481,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of BBB Foods in the 1st quarter worth $1,134,000. 8.42% of the stock is currently owned by hedge funds and other 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.