BBB Foods Inc. (NYSE:TBBB) Receives Consensus Rating of “Hold” from Analysts

BBB Foods Inc. (NYSE:TBBB) has been given an average rating of “Hold” by the seven brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $35.80.

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. The Goldman Sachs Group increased their price target on shares of BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. Zacks Research cut BBB Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Wall Street Zen raised BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, December 20th.

Hedge Funds Weigh In On BBB Foods

Several institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. acquired a new stake in BBB Foods in the 2nd quarter worth about $25,000. Larson Financial Group LLC increased its holdings in shares of BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after purchasing an additional 893 shares during the period. Toth Financial Advisory Corp acquired a new stake in shares of BBB Foods in the third quarter valued at approximately $33,000. AdvisorNet Financial Inc acquired a new stake in shares of BBB Foods in the second quarter valued at approximately $37,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of BBB Foods in the second quarter valued at approximately $72,000. 8.42% of the stock is currently owned by institutional investors and hedge funds.

BBB Foods Price Performance

NYSE:TBBB opened at $33.45 on Friday. The stock has a market capitalization of $3.82 billion, a PE ratio of -39.82 and a beta of -0.14. BBB Foods has a 1-year low of $23.00 and a 1-year high of $35.38. The firm has a fifty day simple moving average of $31.97 and a 200 day simple moving average of $28.30. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21.

BBB Foods (NYSE:TBBB) last released its quarterly earnings data on Wednesday, November 19th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%. On average, research analysts expect that BBB Foods will post 0.15 EPS 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.