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

BBB Foods Inc. (NYSE:TBBB) has earned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $43.4286.

A number of equities analysts have recently weighed in on TBBB shares. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a report on Wednesday, June 24th. Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Scotiabank upped their target price on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, HSBC raised shares of BBB Foods from a “hold” rating to a “buy” rating and raised their price target for the stock from $38.00 to $47.00 in a research note on Wednesday, May 27th.

BBB Foods Price Performance

TBBB stock traded up $0.26 on Thursday, reaching $39.74. 14,783 shares of the company’s stock were exchanged, compared to its average volume of 636,617. The stock has a fifty day moving average of $40.25 and a 200-day moving average of $37.31. BBB Foods has a twelve month low of $23.81 and a twelve month high of $43.81. The firm has a market cap of $4.71 billion, a PE ratio of -25.64 and a beta of -0.02. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76.

BBB Foods (NYSE:TBBB) last issued its earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share (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 company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. As a group, equities analysts predict that BBB Foods will post -0.61 EPS for the current fiscal year.

Hedge Funds Weigh In On BBB Foods

Hedge funds have recently made changes to their positions in the stock. Toth Financial Advisory Corp boosted its holdings in BBB Foods by 29.0% in the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after acquiring an additional 360 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of BBB Foods by 92.5% in the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 396 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of BBB Foods by 2.9% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 27,163 shares of the company’s stock valued at $732,000 after purchasing an additional 770 shares in the last quarter. Savant Capital LLC grew its holdings in shares of BBB Foods by 6.7% during the 4th quarter. Savant Capital LLC now owns 12,540 shares of the company’s stock worth $419,000 after purchasing an additional 792 shares during the period. Finally, Osaic Holdings Inc. acquired a new stake in BBB Foods during the 2nd quarter worth approximately $25,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

BBB Foods Company Profile

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.