BBB Foods Inc. (NYSE:TBBB) Stock Has Average Price Target of $51.88

Shares of BBB Foods Inc. (NYSE:TBBB) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $51.88.

Several analysts recently issued reports on TBBB shares. JPMorgan Chase & Co. upped their price objective on shares of BBB Foods from $48.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group raised their target price on shares of BBB Foods from $58.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Scotiabank restated an “outperform” rating and set a $65.00 target price on shares of BBB Foods in a report on Thursday, August 27th. Finally, Weiss Ratings upgraded BBB Foods from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th.

Insider Buying and Selling

In related news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total transaction of $388,773.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of BBB Foods

Large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased its stake in shares of BBB Foods by 3.4% in the 2nd quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company’s stock worth $176,659,000 after acquiring an additional 139,649 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of BBB Foods during the 1st quarter worth $65,967,000. Ninety One UK Ltd acquired a new position in shares of BBB Foods during the 3rd quarter valued at about $59,033,000. Sei Investments Co. boosted its position in shares of BBB Foods by 10.7% during the 1st quarter. Sei Investments Co. now owns 748,627 shares of the company’s stock valued at $26,479,000 after acquiring an additional 72,646 shares during the last quarter. Finally, Carmignac Gestion grew its holdings in shares of BBB Foods by 526.5% in the second quarter. Carmignac Gestion now owns 670,106 shares of the company’s stock valued at $27,917,000 after purchasing an additional 563,141 shares during the period. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

BBB Foods Price Performance

TBBB traded up $1.20 on Friday, hitting $65.41. 693,386 shares of the company’s stock were exchanged, compared to its average volume of 933,923. BBB Foods has a fifty-two week low of $25.84 and a fifty-two week high of $65.91. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of -69.59 and a beta of -0.01. The firm has a 50-day moving average price of $54.48 and a 200-day moving average price of $42.63. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 2.16.

BBB Foods (NYSE:TBBB) last issued its earnings results on Monday, November 2nd. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.53 billion. BBB Foods had a negative net margin of 1.94% and a negative return on equity of 40.86%. As a group, equities analysts anticipate that BBB Foods will post -0.62 earnings per share for the current year.

BBB Foods Company Profile

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. Its stores focus on everyday consumer essentials, including food, beverages, household products and personal-care items, offered primarily through a combination of private-label and selected national-brand products.

The company’s business model emphasizes a limited assortment, compact store formats and value-oriented pricing. Tiendas 3B stores primarily serve communities in Mexico, with a presence concentrated in the country’s central and southern regions.

BBB Foods was founded in 2004 and is led by Anthony Hatoum, who serves as the company’s chief executive officer.