Analysts Set BBB Foods Inc. (NYSE:TBBB) PT at $30.57

BBB Foods Inc. (NYSE:TBBB) has received an average rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $30.57.

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

BBB Foods Stock Up 2.6 %

TBBB opened at $28.55 on Friday. The business has a 50 day moving average price of $31.77 and a two-hundred day moving average price of $28.48. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. BBB Foods has a 52 week low of $18.71 and a 52 week high of $35.22.

Institutional Trading of BBB Foods

Large investors have recently modified their holdings of the business. DNB Asset Management AS boosted its stake in BBB Foods by 70.5% in the second quarter. DNB Asset Management AS now owns 343,770 shares of the company’s stock valued at $8,195,000 after acquiring an additional 142,162 shares during the period. Quent Capital LLC acquired a new position in BBB Foods in the second quarter valued at approximately $167,000. J.Safra Asset Management Corp boosted its stake in BBB Foods by 153.3% in the second quarter. J.Safra Asset Management Corp now owns 3,369 shares of the company’s stock valued at $80,000 after acquiring an additional 2,039 shares during the period. Zweig DiMenna Associates LLC boosted its stake in BBB Foods by 48.1% in the second quarter. Zweig DiMenna Associates LLC now owns 395,000 shares of the company’s stock valued at $9,425,000 after acquiring an additional 128,300 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in BBB Foods in the second quarter valued at approximately $589,000. 8.42% of the stock is currently owned by institutional investors and hedge funds.

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.