BBB Foods Inc. (NYSE:TBBB) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $45.1250.

A number of analysts have recently commented on the stock. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and boosted their target price for the company from $38.00 to $47.00 in a report on Wednesday, May 27th. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. UBS Group raised shares of BBB Foods from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $43.00 to $51.00 in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Scotiabank lifted their target price on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th.

BBB Foods Trading Down 0.2%

Shares of NYSE TBBB traded down $0.10 during midday trading on Monday, hitting $50.56. 56,561 shares of the company traded hands, compared to its average volume of 657,647. BBB Foods has a 12-month low of $23.81 and a 12-month high of $51.03. The firm has a market cap of $5.99 billion and a P/E ratio of -31.38. The stock has a 50-day moving average price of $42.42 and a 200 day moving average price of $38.63. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.44 and a current ratio of 0.68.

BBB Foods (NYSE:TBBB) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.03). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.42 billion. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. As a group, analysts expect that BBB Foods will post -0.61 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TBBB. VELA Investment Management LLC grew its stake in shares of BBB Foods by 6.4% in the second quarter. VELA Investment Management LLC now owns 41,600 shares of the company’s stock worth $1,733,000 after acquiring an additional 2,500 shares during the last quarter. Wasatch Advisors LP raised its position in shares of BBB Foods by 3.4% in the 2nd quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company’s stock worth $176,659,000 after purchasing an additional 139,649 shares during the last quarter. Carmignac Gestion bought a new position in BBB Foods in the 1st quarter worth about $3,778,000. Militia Capital Management LLC bought a new position in BBB Foods in the 1st quarter worth about $1,734,000. Finally, Royal Bank of Canada grew its position in BBB Foods by 19.6% during the 1st quarter. Royal Bank of Canada now owns 11,415 shares of the company’s stock valued at $404,000 after purchasing an additional 1,874 shares during the last quarter. Hedge funds and other institutional investors own 8.42% of the company’s stock.

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.