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

BBB Foods Inc. (NYSE:TBBB) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $43.1429.

A number of brokerages have recently weighed in on TBBB. HSBC raised shares of BBB Foods from a “hold” rating to a “buy” rating and boosted their price objective for the company from $38.00 to $47.00 in a report on Wednesday, May 27th. JPMorgan Chase & Co. upped their target price on BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Itau BBA Securities upgraded shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Friday, March 13th. Wells Fargo & Company set a $42.00 price objective on shares of BBB Foods in a research note on Friday, March 13th. Finally, Zacks Research lowered shares of BBB Foods from a “hold” rating to a “strong sell” rating in a report on Monday, March 23rd.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. acquired a new position in shares of BBB Foods in the 2nd quarter valued at $25,000. Farther Finance Advisors LLC grew its position in BBB Foods by 92.5% during the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 396 shares during the period. Larson Financial Group LLC increased its holdings in BBB Foods by 547.9% in the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after buying an additional 893 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of BBB Foods in the fourth quarter worth about $39,000. Finally, Toth Financial Advisory Corp raised its position in shares of BBB Foods by 29.0% in the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after acquiring an additional 360 shares during the period. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Stock Down 0.1%

Shares of BBB Foods stock traded down $0.06 during trading on Friday, reaching $42.01. The company’s stock had a trading volume of 609,542 shares, compared to its average volume of 631,820. BBB Foods has a 1-year low of $23.81 and a 1-year high of $43.81. The company has a 50-day simple moving average of $38.81 and a two-hundred day simple moving average of $36.43. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76. The company has a market cap of $4.98 billion, a price-to-earnings ratio of -27.11 and a beta of -0.02.

BBB Foods (NYSE:TBBB) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. As a group, equities analysts forecast that BBB Foods will post -0.61 earnings per share for the current year.

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.