BBB Foods Inc. (NYSE:TBBB) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $34.20.

Several research firms have commented on TBBB. Itau BBA Securities upgraded shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target for the company in a research note on Monday, April 21st. Scotiabank set a $37.00 price objective on shares of BBB Foods and gave the company an "outperform" rating in a research note on Friday, April 11th.

Institutional Investors Weigh In On BBB Foods

Institutional investors have recently modified their holdings of the stock. Capital Research Global Investors grew its position in BBB Foods by 37.3% in the 4th 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 last quarter. FMR LLC boosted its stake in BBB Foods by 33.6% in the 4th quarter. FMR LLC now owns 3,494,773 shares of the company's stock worth $98,832,000 after purchasing an additional 878,003 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its position in 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 worth $80,708,000 after buying an additional 84,482 shares in the last quarter. 12 West Capital Management LP lifted its position in BBB Foods by 33.4% in the 1st quarter. 12 West Capital Management LP now owns 2,289,058 shares of the company's stock worth $61,072,000 after buying an additional 572,500 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of BBB Foods by 8.8% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 8.42% of the company's stock.

BBB Foods Price Performance

Shares of NYSE:TBBB traded down $0.47 during trading on Tuesday, reaching $28.83. 749,735 shares of the company's stock traded hands, compared to its average volume of 781,231. BBB Foods has a fifty-two week low of $21.39 and a fifty-two week high of $35.22. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. The firm has a market cap of $3.29 billion, a PE ratio of 131.05 and a beta of 0.49. The company has a 50-day simple moving average of $28.37 and a 200-day simple moving average of $28.60.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share 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. As a group, analysts predict that BBB Foods will post 0.15 earnings per share for the current 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.