BBB Foods Inc. (NYSE:TBBB) Receives $34.00 Average Target Price from Analysts

BBB Foods Inc. (NYSE:TBBB - Get Free Report) has received an average recommendation of "Hold" from the seven research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $34.00.

Several equities research analysts have issued reports on the stock. Itau BBA Securities raised shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target on the stock in a report on Monday, April 21st. UBS Group upped their target price on shares of BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Scotiabank set a $37.00 price target on shares of BBB Foods and gave the stock an "outperform" rating in a research note on Friday, April 11th.

BBB Foods Stock Performance

Shares of TBBB traded down $0.36 during trading hours on Friday, reaching $26.64. 635,334 shares of the company traded hands, compared to its average volume of 748,976. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.49 and a current ratio of 0.74. The stock's fifty day moving average is $28.49 and its 200 day moving average is $28.16. BBB Foods has a 1-year low of $22.03 and a 1-year high of $35.22. The stock has a market cap of $3.04 billion, a P/E ratio of 121.08 and a beta of 0.17.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.10). The firm had revenue of $838.41 million during the quarter, compared to analyst estimates of $836.80 million. BBB Foods had a net margin of 0.85% and a return on equity of 13.08%. Equities research analysts anticipate that BBB Foods will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of BBB Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBBB. Capital Research Global Investors grew its stake in shares of BBB Foods by 37.3% during the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company's stock worth $150,738,000 after purchasing an additional 1,448,093 shares during the period. FMR LLC grew its position in shares of BBB Foods by 33.6% during the 4th quarter. FMR LLC now owns 3,494,773 shares of the company's stock worth $98,832,000 after buying an additional 878,003 shares during the period. Gilder Gagnon Howe & Co. LLC increased its stake in shares of BBB Foods by 3.1% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,853,906 shares of the company's stock valued at $80,708,000 after acquiring an additional 84,482 shares during the last quarter. 12 West Capital Management LP boosted its stake in BBB Foods by 33.4% during the 1st quarter. 12 West Capital Management LP now owns 2,289,058 shares of the company's stock worth $61,072,000 after acquiring an additional 572,500 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in BBB Foods by 8.8% during the fourth quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company's stock valued at $59,901,000 after purchasing an additional 170,811 shares during the period. 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.