Brokerages Set BBB Foods Inc. (NYSE:TBBB) Price Target at $32.00

BBB Foods Inc. (NYSE:TBBB) has been given an average rating of “Hold” by the eight analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $32.00.

Separately, Itau BBA Securities began coverage on shares of BBB Foods in a report on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 price objective for the company.

BBB Foods Trading Up 0.1 %

Shares of BBB Foods stock opened at $25.07 on Thursday. The company has a fifty day moving average of $28.21 and a 200 day moving average of $29.92. BBB Foods has a fifty-two week low of $19.31 and a fifty-two week high of $35.22. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72.

Institutional Trading of BBB Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TBBB. 12 West Capital Management LP purchased a new stake in BBB Foods in the 4th quarter worth about $48,544,000. Capital Research Global Investors increased its position in shares of BBB Foods by 37.3% during the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company’s stock worth $150,738,000 after acquiring an additional 1,448,093 shares during the period. FMR LLC increased its position in shares of BBB Foods by 33.6% during the fourth quarter. FMR LLC now owns 3,494,773 shares of the company’s stock worth $98,832,000 after acquiring an additional 878,003 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of BBB Foods during the third quarter worth approximately $24,694,000. Finally, Quest Partners LLC purchased a new position in shares of BBB Foods during the third quarter worth approximately $16,899,000. 8.42% of the stock is 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.