BBB Foods Inc. (NYSE:TBBB) Given Average Recommendation of “Hold” by Analysts

BBB Foods Inc. (NYSE:TBBB) has been given a consensus rating of “Hold” by the nine ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $43.1429.

A number of equities analysts have weighed in on TBBB shares. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. 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. Wells Fargo & Company set a $42.00 target price on BBB Foods in a research note on Friday, March 13th. Finally, JPMorgan Chase & Co. increased their target price on BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, April 20th.

BBB Foods Stock Down 0.0%

NYSE TBBB opened at $39.59 on Wednesday. The stock has a market cap of $4.69 billion, a PE ratio of -25.54 and a beta of 0.03. BBB Foods has a fifty-two week low of $23.81 and a fifty-two week high of $40.09. The business has a 50 day moving average price of $36.97 and a two-hundred day moving average price of $35.29. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76.

BBB Foods (NYSE:TBBB) last released 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). The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%. As a group, sell-side analysts predict that BBB Foods will post -0.61 EPS for the current fiscal year.

Hedge Funds Weigh In On BBB Foods

Several institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of BBB Foods by 19.6% during the 1st quarter. Royal Bank of Canada now owns 11,415 shares of the company’s stock valued at $404,000 after buying an additional 1,874 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of BBB Foods by 12.4% during the 1st quarter. Lazard Asset Management LLC now owns 63,744 shares of the company’s stock valued at $2,255,000 after buying an additional 7,032 shares during the last quarter. Sei Investments Co. boosted its stake in shares of BBB Foods by 10.7% during the 1st quarter. Sei Investments Co. now owns 748,627 shares of the company’s stock valued at $26,479,000 after buying an additional 72,646 shares during the last quarter. State of Wyoming boosted its stake in shares of BBB Foods by 228.4% during the 1st quarter. State of Wyoming now owns 13,640 shares of the company’s stock valued at $482,000 after buying an additional 9,487 shares during the last quarter. Finally, Militia Capital Management LLC purchased a new position in shares of BBB Foods during the 1st quarter valued at approximately $1,734,000. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

BBB Foods Company Profile

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.