BBB Foods Inc. (NYSE:TBBB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $48.1250.

TBBB has been the topic of several analyst reports. Citigroup initiated coverage on BBB Foods in a report on Friday, July 31st. They set a “buy” rating and a $49.00 target price on the stock. Wall Street Zen raised BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. UBS Group upped their price objective on shares of BBB Foods from $51.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on shares of BBB Foods from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th.

Institutional Trading of BBB Foods

Several large investors have recently made changes to their positions in TBBB. Osaic Holdings Inc. acquired a new position in BBB Foods during the second quarter valued at approximately $25,000. Farther Finance Advisors LLC boosted 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 valued at $28,000 after purchasing an additional 396 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of BBB Foods by 547.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after purchasing an additional 893 shares in the last quarter. Smartleaf Asset Management LLC bought a new position in shares of BBB Foods in the 4th quarter valued at $39,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of BBB Foods in the 4th quarter valued at $89,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

BBB Foods Stock Up 0.1%

NYSE TBBB opened at $49.06 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 2.16. The company has a market cap of $5.82 billion and a price-to-earnings ratio of -30.47. The company has a 50 day moving average of $43.18 and a 200-day moving average of $39.04. BBB Foods has a 1-year low of $23.81 and a 1-year high of $51.62.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03). BBB Foods had a negative return on equity of 72.47% and a negative net margin of 3.68%.The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.42 billion. On average, equities research analysts expect that BBB Foods will post -0.63 earnings per share for the current fiscal 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.