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

BBB Foods Inc. (NYSE:TBBB) has been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Five equities 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 objective among brokerages that have covered the stock in the last year is $30.57.

A number of analysts recently commented on TBBB shares. HSBC raised BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 price target for the company in a research note on Friday, August 23rd. Jefferies Financial Group began coverage on BBB Foods in a report on Monday, September 9th. They issued a “hold” rating and a $33.00 price objective for the company. JPMorgan Chase & Co. increased 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. Finally, Hsbc Global Res upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a report on Friday, August 23rd.

Hedge Funds Weigh In On BBB Foods

Institutional investors and hedge funds have recently modified their holdings of the stock. J.Safra Asset Management Corp bought a new position in shares of BBB Foods during the first quarter valued at $32,000. Hood River Capital Management LLC bought a new position in shares of BBB Foods during the first quarter valued at $54,000. National Bank of Canada FI bought a new position in shares of BBB Foods during the second quarter valued at $103,000. Federated Hermes Inc. bought a new position in shares of BBB Foods during the second quarter valued at $143,000. Finally, Quent Capital LLC bought a new position in shares of BBB Foods during the second quarter valued at $167,000. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Trading Down 3.3 %

Shares of TBBB stock opened at $31.74 on Friday. The stock has a fifty day moving average of $30.00 and a 200 day moving average of $26.11. BBB Foods has a 52 week low of $18.71 and a 52 week high of $33.16. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.85.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $788.28 million during the quarter, compared to analysts’ expectations of $708.69 million. As a group, research analysts predict that BBB Foods will post 0.14 earnings per share for the current fiscal year.

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.