BBB Foods Inc. (NYSE:TBBB) Given Average Recommendation of "Hold" by Analysts

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

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

BBB Foods Stock Performance

Shares of TBBB opened at $26.32 on Friday. BBB Foods has a 52-week low of $21.87 and a 52-week high of $35.22. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $3.01 billion, a PE ratio of 119.63 and a beta of 0.16. The firm has a 50-day moving average price of $28.51 and a 200 day moving average price of $28.20.

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 company had revenue of $838.41 million for the quarter, compared to analyst estimates of $836.80 million. BBB Foods had a return on equity of 13.08% and a net margin of 0.85%. On average, sell-side analysts anticipate that BBB Foods will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BBB Foods

A number of hedge funds have recently made changes to their positions in TBBB. Tempus Wealth Planning LLC grew its stake in BBB Foods by 4.7% in the first quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company's stock valued at $339,000 after acquiring an additional 571 shares during the period. J.Safra Asset Management Corp lifted its holdings in BBB Foods by 6.4% in the 1st quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company's stock worth $291,000 after buying an additional 661 shares during the period. Banque Transatlantique SA purchased a new position in shares of BBB Foods in the 1st quarter valued at approximately $25,000. Verdence Capital Advisors LLC increased its position in BBB Foods by 15.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,566 shares of the company's stock valued at $229,000 after buying an additional 1,136 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of BBB Foods by 124.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock worth $57,000 after acquiring an additional 1,187 shares during the period. 8.42% of the stock is currently 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.

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