BBB Foods Inc. (NYSE:TBBB) Given Average Rating of “Hold” by Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $41.40.

Several research firms recently commented on TBBB. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Wells Fargo & Company set a $42.00 price objective on BBB Foods in a research report on Friday, March 13th. Zacks Research downgraded BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research report on Friday, March 27th. Finally, UBS Group lifted their price objective on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 20th.

Institutional Investors Weigh In On BBB Foods

Hedge funds and other institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. increased its stake in shares of BBB Foods by 123.4% in the 3rd quarter. Baillie Gifford & Co. now owns 194,851 shares of the company’s stock valued at $5,253,000 after buying an additional 107,622 shares during the period. Barings LLC acquired a new stake in shares of BBB Foods in the 3rd quarter valued at $1,959,000. Citigroup Inc. increased its stake in shares of BBB Foods by 108.9% in the 3rd quarter. Citigroup Inc. now owns 281,023 shares of the company’s stock valued at $7,576,000 after buying an additional 146,488 shares during the period. DNB Asset Management AS increased its stake in shares of BBB Foods by 60.0% in the 3rd quarter. DNB Asset Management AS now owns 374,275 shares of the company’s stock valued at $10,090,000 after buying an additional 140,409 shares during the period. Finally, 3G Capital Partners LP increased its stake in shares of BBB Foods by 6.7% in the 3rd quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock valued at $43,136,000 after buying an additional 100,000 shares during the period. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Price Performance

BBB Foods stock opened at $39.00 on Tuesday. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.62 and a quick ratio of 0.35. The company has a market capitalization of $4.55 billion, a PE ratio of -29.55 and a beta of 0.01. BBB Foods has a one year low of $23.81 and a one year high of $40.09. The business has a 50 day simple moving average of $35.69 and a 200 day simple moving average of $32.96.

BBB Foods (NYSE:TBBB) last posted its earnings results on Wednesday, March 11th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.22). The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. BBB Foods had a negative return on equity of 70.80% and a negative net margin of 3.72%. On average, sell-side analysts forecast that BBB Foods will post -0.41 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.