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

BBB Foods Inc. (NYSE:TBBB) has earned an average rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $42.50.

A number of research analysts have recently commented on the company. Scotiabank raised their price target on BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Wells Fargo & Company set a $42.00 price target on BBB Foods in a report on Friday, March 13th. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Friday, March 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a report on Friday, March 27th. Finally, Wall Street Zen raised BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday.

BBB Foods Price Performance

Shares of TBBB opened at $36.42 on Friday. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of -23.50 and a beta of 0.02. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.35 and a current ratio of 0.62. BBB Foods has a one year low of $23.81 and a one year high of $40.09. The stock’s fifty day moving average is $35.65 and its 200-day moving average is $34.16.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The business had revenue of $1.28 billion for 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 82.15%. Equities analysts anticipate that BBB Foods will post -0.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. grew its holdings in BBB Foods by 123.4% during the third quarter. Baillie Gifford & Co. now owns 194,851 shares of the company’s stock worth $5,253,000 after acquiring an additional 107,622 shares during the period. Barings LLC acquired a new position in BBB Foods during the third quarter worth about $1,959,000. Citigroup Inc. grew its holdings in BBB Foods by 108.9% during the third quarter. Citigroup Inc. now owns 281,023 shares of the company’s stock worth $7,576,000 after acquiring an additional 146,488 shares during the period. DNB Asset Management AS grew its holdings in BBB Foods by 60.0% during the third quarter. DNB Asset Management AS now owns 374,275 shares of the company’s stock worth $10,090,000 after acquiring an additional 140,409 shares during the period. Finally, 3G Capital Partners LP grew its holdings in BBB Foods by 6.7% during the third quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock worth $43,136,000 after acquiring an additional 100,000 shares during the period. 8.42% of the stock is owned by institutional investors and hedge funds.

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.