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

Key Points

• BBB Foods Inc. (NYSE:TBBB) has received a consensus recommendation of "Hold" from five research firms, with three ratings being a hold and two a buy.
• The company's recent earnings report revealed a loss of ($0.13) EPS, missing analysts' expectations, and revenues were $1 billion against a forecast of $17.98 billion.
• Institutional investors have been active, with notable increases in holdings by Orion Portfolio Solutions and Wasatch Advisors, contributing to overall institutional ownership of 8.42% in the company.

BBB Foods Inc. (NYSE:TBBB - Get Free Report) has been given an average recommendation of "Hold" by the five research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $33.60.

A number of research analysts have weighed in on the company. The Goldman Sachs Group upgraded BBB Foods to a "hold" rating in a report on Wednesday, July 9th. Wall Street Zen downgraded BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, UBS Group lifted their price objective on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th.

BBB Foods Trading Down 2.4%

BBB Foods stock opened at $26.01 on Thursday. BBB Foods has a 12 month low of $23.00 and a 12 month high of $35.22. The firm has a market cap of $2.97 billion, a PE ratio of -325.10, a P/E/G ratio of 13.58 and a beta of -0.01. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 2.08. The stock's 50 day simple moving average is $26.08 and its two-hundred day simple moving average is $26.97.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.09). BBB Foods had a negative net margin of 0.19% and a negative return on equity of 3.07%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $17.98 billion. Analysts anticipate that BBB Foods will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On BBB Foods

Institutional investors have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC lifted its stake in BBB Foods by 23.2% in the second quarter. Orion Porfolio Solutions LLC now owns 26,393 shares of the company's stock valued at $733,000 after buying an additional 4,973 shares during the last quarter. State of Wyoming acquired a new position in BBB Foods during the second quarter worth $158,000. Duquesne Family Office LLC acquired a new position in BBB Foods during the second quarter worth $10,009,000. Wasatch Advisors LP grew its holdings in BBB Foods by 314.6% during the second quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company's stock worth $60,850,000 after acquiring an additional 1,663,338 shares during the period. Finally, Engle Capital Management L.P. boosted its position in BBB Foods by 5.4% during the second quarter. Engle Capital Management L.P. now owns 727,000 shares of the company's stock worth $20,182,000 after purchasing an additional 37,000 shares in the last quarter. Hedge funds and other institutional investors own 8.42% of the company's stock.

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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