BBB Foods Inc. (NYSE:TBBB) Receives $30.57 Consensus PT from Brokerages

BBB Foods Inc. (NYSE:TBBB) has received an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $30.57.

Several brokerages recently commented on TBBB. Hsbc Global Res upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a report on Friday, August 23rd. Scotiabank increased their target price on shares of BBB Foods from $33.00 to $36.00 and gave the stock a “sector outperform” rating in a report on Friday, May 31st. JPMorgan Chase & Co. increased their target price on shares of BBB Foods from $30.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Jefferies Financial Group began coverage on shares of BBB Foods in a report on Monday, September 9th. They set a “hold” rating and a $33.00 target price for the company. Finally, HSBC upgraded shares of BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 target price for the company in a report on Friday, August 23rd.

BBB Foods Price Performance

Shares of TBBB stock opened at $31.64 on Tuesday. BBB Foods has a 1 year low of $18.71 and a 1 year high of $33.16. The firm’s 50 day moving average is $28.61 and its 200-day moving average is $25.22. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85.

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

Institutional Trading of BBB Foods

Institutional investors have recently made changes to their positions in the stock. J.Safra Asset Management Corp bought a new position in BBB Foods in the first quarter worth $32,000. Hood River Capital Management LLC bought a new position in BBB Foods in the first quarter worth $54,000. National Bank of Canada FI bought a new position in BBB Foods in the second quarter worth $103,000. Engle Capital Management L.P. raised its holdings in BBB Foods by 0.7% in the second quarter. Engle Capital Management L.P. now owns 720,000 shares of the company’s stock worth $17,179,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in BBB Foods in the second quarter worth $143,000. Hedge funds and other institutional investors own 8.42% of the company’s stock.

BBB Foods Company Profile

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.