BBB Foods Inc. (NYSE:TBBB) Given Consensus Rating of "Hold" by Brokerages

Key Points

• BBB Foods Inc. (NYSE:TBBB) has received a consensus rating of "Hold" from analysts, with one sell rating, two holds, and two buys, and an average 12-month price target of $33.75.
• The stock traded up 2.5% to $25.75, with a market cap of $2.94 billion and a debt-to-equity ratio of 2.08.
• In its last earnings report, BBB Foods missed expectations with a loss of ($0.13) earnings per share, compared to a consensus estimate of ($0.04).

BBB Foods Inc. (NYSE:TBBB - Get Free Report) has received a consensus rating of "Hold" from the five analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $33.75.

TBBB has been the topic of a number of research reports. Weiss Ratings reiterated a "sell (d)" rating on shares of BBB Foods in a report on Saturday, September 27th. The Goldman Sachs Group raised shares of BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. Finally, Wall Street Zen downgraded BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd.

Institutional Trading of BBB Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. acquired a new stake in shares of BBB Foods in the second quarter worth $25,000. Banque Transatlantique SA acquired a new stake in shares of BBB Foods during the 1st quarter worth approximately $25,000. AdvisorNet Financial Inc acquired a new stake in shares of BBB Foods during the 2nd quarter worth approximately $37,000. FNY Investment Advisers LLC acquired a new stake in shares of BBB Foods during the 1st quarter worth approximately $37,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in BBB Foods by 124.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock worth $57,000 after buying an additional 1,187 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company's stock.

BBB Foods Stock Up 2.5%

NYSE:TBBB traded up $0.63 during trading hours on Friday, hitting $25.75. 289,750 shares of the company's stock traded hands, compared to its average volume of 506,474. The firm has a market cap of $2.94 billion, a P/E ratio of -321.90 and a beta of -0.03. BBB Foods has a twelve month low of $23.00 and a twelve month high of $35.22. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.44 and a current ratio of 0.69. The stock's fifty day moving average price is $25.94 and its two-hundred day moving average price is $26.95.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The business had revenue of $1 billion for the quarter, compared to analyst estimates of $17.98 billion. BBB Foods had a negative net margin of 0.19% and a negative return on equity of 3.07%. On average, research analysts expect that BBB Foods will post 0.15 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.

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