BBB Foods (NYSE:TBBB) Now Covered by Analysts at Itau BBA Securities

Investment analysts at Itau BBA Securities initiated coverage on shares of BBB Foods (NYSE:TBBB) in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a “market perform” rating and a $32.00 price target on the stock. Itau BBA Securities’ price objective indicates a potential upside of 6.84% from the stock’s current price.

BBB Foods Trading Up 1.5 %

TBBB stock opened at $29.95 on Wednesday. The business has a fifty day moving average of $30.07 and a two-hundred day moving average of $29.76. BBB Foods has a 52-week low of $18.71 and a 52-week high of $35.22. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54.

BBB Foods (NYSE:TBBB) last released its quarterly earnings results on Monday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. Analysts predict that BBB Foods will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On BBB Foods

Several institutional investors have recently bought and sold shares of TBBB. Driehaus Capital Management LLC purchased a new stake in BBB Foods during the second quarter worth approximately $26,562,000. Public Employees Retirement System of Ohio acquired a new position in BBB Foods in the 3rd quarter valued at about $24,694,000. Quest Partners LLC acquired a new position in shares of BBB Foods in the third quarter valued at approximately $16,899,000. FMR LLC lifted its stake in shares of BBB Foods by 23.0% in the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company’s stock worth $78,503,000 after acquiring an additional 490,100 shares during the period. Finally, Sei Investments Co. boosted its holdings in BBB Foods by 891.3% in the 2nd quarter. Sei Investments Co. now owns 296,390 shares of the company’s stock valued at $7,072,000 after purchasing an additional 266,490 shares in the last quarter. 8.42% of the stock is 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.