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

BBB Foods Inc. (NYSE:TBBB) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $50.50.

Several brokerages recently issued reports on TBBB. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a report on Wednesday, June 24th. HSBC raised shares of BBB Foods from a “hold” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $47.00 in a research note on Wednesday, May 27th. Scotiabank reiterated an “outperform” rating and issued a $65.00 price target on shares of BBB Foods in a research note on Thursday, August 27th. JPMorgan Chase & Co. raised their price objective on BBB Foods from $48.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, September 10th. Finally, Citigroup restated a “buy” rating on shares of BBB Foods in a research report on Monday.

Insider Activity at BBB Foods

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total transaction of $388,773.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company acquired a new stake in BBB Foods during the 2nd quarter worth approximately $10,630,000. Cidel Asset Management Inc. acquired a new position in BBB Foods in the 2nd quarter valued at approximately $4,931,000. Squarepoint Ops LLC increased its position in BBB Foods by 293.9% in the 2nd quarter. Squarepoint Ops LLC now owns 60,342 shares of the company’s stock valued at $2,514,000 after acquiring an additional 45,024 shares during the period. Carmignac Gestion raised its stake in shares of BBB Foods by 526.5% during the second quarter. Carmignac Gestion now owns 670,106 shares of the company’s stock valued at $27,917,000 after acquiring an additional 563,141 shares during the last quarter. Finally, VELA Investment Management LLC raised its stake in shares of BBB Foods by 6.4% during the second quarter. VELA Investment Management LLC now owns 41,600 shares of the company’s stock valued at $1,733,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors own 8.42% of the company’s stock.

BBB Foods Price Performance

Shares of NYSE TBBB traded down $0.24 during trading hours on Friday, hitting $50.66. 61,123 shares of the stock were exchanged, compared to its average volume of 650,401. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.44 and a current ratio of 0.68. The company has a market cap of $6.01 billion, a PE ratio of -31.47 and a beta of 0.05. The company’s fifty day simple moving average is $45.60 and its two-hundred day simple moving average is $40.30. BBB Foods has a 1-year low of $23.81 and a 1-year high of $52.22.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.03). BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.42 billion. On average, sell-side analysts predict that BBB Foods will post -0.62 EPS for the current year.

BBB Foods Company Profile

BBB Foods Inc is a Mexico-based discount retailer that operates under the Tiendas 3B brand. The company serves consumers through neighborhood stores offering everyday necessities at affordable prices, with a focus on convenience, value and accessible locations.

Tiendas 3B stores sell a range of groceries, household products, personal-care items and other frequently purchased consumer goods. The business emphasizes a hard-discount retail model, including a selection of private-label and branded products, streamlined store formats and cost-conscious operations.

BBB Foods was founded in Mexico and has expanded its store network across the country.