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

Shares of BBB Foods Inc. (NYSE:TBBB) have been given an average recommendation of “Hold” by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $39.00.

Several equities analysts have weighed in on the company. Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. The Goldman Sachs Group raised their price target on shares of BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, December 18th. Itau BBA Securities cut shares of BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 price target on the stock. in a report on Thursday, February 12th. Finally, Wall Street Zen downgraded shares of BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th.

BBB Foods Trading Up 0.4%

Shares of BBB Foods stock opened at $33.13 on Monday. The stock has a fifty day simple moving average of $35.30 and a 200 day simple moving average of $30.92. BBB Foods has a 12-month low of $23.00 and a 12-month high of $40.09. The company has a market capitalization of $3.78 billion, a P/E ratio of -39.44 and a beta of -0.16. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21.

Hedge Funds Weigh In On BBB Foods

Several institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. boosted its position in BBB Foods by 123.4% in the third quarter. Baillie Gifford & Co. now owns 194,851 shares of the company’s stock worth $5,253,000 after purchasing an additional 107,622 shares during the last quarter. Barings LLC purchased a new stake in shares of BBB Foods during the 3rd quarter valued at $1,959,000. Citigroup Inc. raised its stake in shares of BBB Foods by 108.9% during the 3rd quarter. Citigroup Inc. now owns 281,023 shares of the company’s stock worth $7,576,000 after purchasing an additional 146,488 shares during the period. CenterBook Partners LP bought a new stake in shares of BBB Foods during the 2nd quarter worth $2,359,000. Finally, Thornburg Investment Management Inc. boosted its holdings in shares of BBB Foods by 182.1% in the 2nd quarter. Thornburg Investment Management Inc. now owns 417,463 shares of the company’s stock worth $11,589,000 after buying an additional 269,462 shares during the last quarter. 8.42% of the stock is owned by institutional investors.

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.