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

BBB Foods Inc. (NYSE:TBBB) has received a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $30.57.

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

BBB Foods Price Performance

Shares of NYSE TBBB opened at $28.22 on Friday. The stock has a fifty day moving average price of $31.91 and a 200 day moving average price of $28.42. BBB Foods has a 1-year low of $18.71 and a 1-year high of $35.22. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TBBB. J.Safra Asset Management Corp grew its holdings in BBB Foods by 153.3% during the 2nd quarter. J.Safra Asset Management Corp now owns 3,369 shares of the company’s stock valued at $80,000 after buying an additional 2,039 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of BBB Foods in the second quarter valued at $103,000. Hood River Capital Management LLC boosted its stake in shares of BBB Foods by 118.5% during the second quarter. Hood River Capital Management LLC now owns 4,958 shares of the company’s stock valued at $119,000 after acquiring an additional 2,689 shares during the last quarter. Federated Hermes Inc. purchased a new stake in BBB Foods during the 2nd quarter worth about $143,000. Finally, Quent Capital LLC acquired a new position in BBB Foods in the 2nd quarter valued at about $167,000. 8.42% of the stock is currently owned by institutional investors and hedge funds.

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.