BBB Foods Inc. (NYSE:TBBB) Receives $30.57 Average PT from Brokerages

BBB Foods Inc. (NYSE:TBBB) has been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $30.57.

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

BBB Foods Trading Up 2.5 %

NYSE:TBBB opened at $33.39 on Wednesday. BBB Foods has a twelve month low of $18.71 and a twelve month high of $35.22. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.79 and a quick ratio of 0.54. The company’s 50 day moving average is $31.41 and its two-hundred day moving average is $27.54.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15. The company had revenue of $788.28 million for the quarter, compared to analysts’ expectations of $708.69 million. On average, sell-side analysts expect that BBB Foods will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

Several institutional investors and hedge funds have recently modified their holdings of the company. J.Safra Asset Management Corp acquired a new stake in shares of BBB Foods in the 1st quarter valued at $32,000. Hood River Capital Management LLC purchased a new position in BBB Foods in the first quarter worth $54,000. National Bank of Canada FI acquired a new stake in shares of BBB Foods in the second quarter valued at about $103,000. Federated Hermes Inc. purchased a new stake in shares of BBB Foods during the 2nd quarter worth approximately $143,000. Finally, Quent Capital LLC purchased a new position in BBB Foods in the 2nd quarter valued at approximately $167,000. Hedge funds and other institutional investors own 8.42% of the company’s stock.

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.