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

Shares of BBB Foods Inc. (NYSE:TBBB) have received an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $42.50.

Several equities analysts have recently commented on the stock. Morgan Stanley raised shares of BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. Itau BBA Securities upgraded BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Friday, March 13th. JPMorgan Chase & Co. upped their price target on BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. Finally, Wells Fargo & Company set a $42.00 target price on BBB Foods in a report on Friday, March 13th.

BBB Foods Stock Performance

NYSE:TBBB opened at $36.72 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.35 and a current ratio of 0.62. BBB Foods has a fifty-two week low of $23.81 and a fifty-two week high of $40.09. The firm has a market cap of $4.29 billion, a PE ratio of -23.69 and a beta of 0.02. The business has a 50 day moving average price of $36.00 and a 200-day moving average price of $34.44.

BBB Foods (NYSE:TBBB) last issued its earnings results on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. BBB Foods had a negative return on equity of 82.15% and a negative net margin of 3.95%. Equities research analysts predict that BBB Foods will post -0.61 earnings per share for the current year.

Institutional Investors Weigh In On BBB Foods

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in BBB Foods by 276.8% in the first quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock worth $4,176,000 after buying an additional 114,990 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in BBB Foods by 48.4% in the second quarter. Qube Research & Technologies Ltd now owns 285,206 shares of the company’s stock worth $7,917,000 after buying an additional 92,989 shares during the period. Sei Investments Co. boosted its position in BBB Foods by 57.7% during the 2nd quarter. Sei Investments Co. now owns 417,794 shares of the company’s stock valued at $11,598,000 after acquiring an additional 152,883 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of BBB Foods by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 705,005 shares of the company’s stock worth $19,571,000 after acquiring an additional 2,434 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of BBB Foods by 32.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,979 shares of the company’s stock worth $4,774,000 after acquiring an additional 41,979 shares during the period. Institutional investors own 8.42% of the company’s stock.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.