BBB Foods (NYSE:TBBB) Price Target Raised to $31.00

BBB Foods (NYSE:TBBB) had its price objective raised by Bank of America from $26.00 to $31.00 in a report issued on Thursday morning, Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on BBB Foods in a research note on Wednesday, March 6th. They issued an overweight rating and a $30.00 price objective for the company. UBS Group downgraded BBB Foods from a buy rating to a neutral rating and lifted their price target for the stock from $26.00 to $27.00 in a research note on Tuesday, April 9th. Morgan Stanley started coverage on shares of BBB Foods in a research report on Tuesday, March 5th. They issued an equal weight rating and a $22.00 price objective on the stock. Finally, Scotiabank assumed coverage on shares of BBB Foods in a report on Tuesday, March 12th. They set a sector outperform rating and a $33.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $28.60.

BBB Foods Trading Up 0.7 %

Shares of TBBB opened at $28.24 on Thursday. BBB Foods has a twelve month low of $18.71 and a twelve month high of $28.77. The business’s 50-day moving average is $23.16.

Institutional Trading of BBB Foods

Large investors have recently made changes to their positions in the stock. Capital International Investors acquired a new stake in BBB Foods during the first quarter worth approximately $120,440,000. William Blair Investment Management LLC acquired a new stake in shares of BBB Foods during the first quarter worth $48,934,000. Capital International Inc. CA acquired a new stake in shares of BBB Foods during the first quarter worth $33,004,000. Thornburg Investment Management Inc. purchased a new stake in shares of BBB Foods in the first quarter valued at $18,668,000. Finally, Janus Henderson Group PLC acquired a new position in BBB Foods in the first quarter valued at $8,355,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

About BBB Foods

BBB Foods Inc, through its subsidiaries, operates grocery retail stores in Mexico. It offers food products, drinks, hygiene and beauty products, home clean products, coffee, tea and substitutes, jellies and desserts, and baby and pet products. The company also provides branded, private label, and spot products.