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

Shares of BBB Foods Inc. (NYSE:TBBB) have received an average rating of “Hold” from the eight analysts that are presently covering the stock, 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 target price among brokerages that have updated their coverage on the stock in the last year is $30.57.

TBBB has been the topic of several recent research reports. HSBC raised shares of BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 target price on the stock in a report on Friday, August 23rd. Hsbc Global Res raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. increased their target price on shares of BBB Foods from $30.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group initiated coverage on shares of BBB Foods in a report on Monday, September 9th. They set a “hold” rating and a $33.00 target price on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of BBB Foods during the first quarter worth $1,512,000. Janus Henderson Group PLC purchased a new position in shares of BBB Foods during the first quarter valued at about $8,355,000. Van ECK Associates Corp bought a new stake in shares of BBB Foods in the first quarter worth about $2,821,000. Picton Mahoney Asset Management bought a new stake in shares of BBB Foods in the first quarter worth about $1,134,000. Finally, Sei Investments Co. purchased a new stake in shares of BBB Foods in the first quarter worth about $711,000. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Price Performance

NYSE TBBB opened at $33.11 on Friday. BBB Foods has a 1 year low of $18.71 and a 1 year high of $34.16. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85. The company’s 50 day simple moving average is $30.31 and its two-hundred day simple moving average is $26.22.

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

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.