Analysts Set BBB Foods Inc. (NYSE:TBBB) PT at $30.57

Shares of BBB Foods Inc. (NYSE:TBBB) have been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.57.

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

BBB Foods Stock Up 0.3 %

NYSE:TBBB opened at $33.22 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.79 and a quick ratio of 0.54. The business has a fifty day simple moving average of $30.56 and a two-hundred day simple moving average of $26.34. BBB Foods has a 1 year low of $18.71 and a 1 year high of $34.16.

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

Hedge Funds Weigh In On BBB Foods

Several hedge funds have recently made changes to their positions in TBBB. J.Safra Asset Management Corp bought a new stake in BBB Foods during the first quarter valued at $32,000. Hood River Capital Management LLC bought a new stake in BBB Foods during the first quarter valued at $54,000. National Bank of Canada FI bought a new stake in BBB Foods during the second quarter valued at $103,000. Engle Capital Management L.P. boosted its stake in BBB Foods by 0.7% during the second quarter. Engle Capital Management L.P. now owns 720,000 shares of the company’s stock valued at $17,179,000 after buying an additional 5,000 shares during the period. Finally, Federated Hermes Inc. bought a new stake in BBB Foods during the second quarter valued at $143,000. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

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.