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

BBB Foods Inc. (NYSE:TBBB) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat.com 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 brokers that have issued ratings on the stock in the last year is $30.57.

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of BBB Foods in a research report on Monday, September 9th. They issued a “hold” rating and a $33.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of BBB Foods from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. HSBC upgraded shares of BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 price target for the company in a research report on Friday, August 23rd. Finally, Hsbc Global Res upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, August 23rd.

BBB Foods Stock Down 0.3 %

Shares of NYSE:TBBB opened at $33.11 on Friday. BBB Foods has a 52-week low of $18.71 and a 52-week high of $34.16. The company has a 50-day simple moving average of $30.31 and a 200 day simple moving average of $26.22. 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 issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.15. The company had revenue of $788.28 million for the quarter, compared to analyst estimates of $708.69 million. Research analysts forecast that BBB Foods will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

A number of institutional investors have recently added to or reduced their stakes in TBBB. J.Safra Asset Management Corp purchased a new stake in shares of BBB Foods during the 1st quarter valued at approximately $32,000. Hood River Capital Management LLC purchased a new stake in shares of BBB Foods during the 1st quarter valued at approximately $54,000. National Bank of Canada FI purchased a new stake in shares of BBB Foods during the 2nd quarter valued at approximately $103,000. Federated Hermes Inc. purchased a new stake in shares of BBB Foods during the 2nd quarter valued at approximately $143,000. Finally, Quent Capital LLC purchased a new stake in shares of BBB Foods during the 2nd quarter valued at approximately $167,000. 8.42% of the stock is owned by institutional investors.

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.