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

BBB Foods Inc. (NYSE:TBBB - Get Free Report) has received an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $34.20.

Several brokerages have weighed in on TBBB. Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 target price on the stock in a research report on Monday, April 21st. Scotiabank set a $37.00 target price on BBB Foods and gave the stock an "outperform" rating in a research report on Friday, April 11th.

Institutional Trading of BBB Foods

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of BBB Foods in the fourth quarter valued at approximately $375,000. Tempus Wealth Planning LLC bought a new stake in BBB Foods during the fourth quarter worth approximately $343,000. Barings LLC raised its holdings in BBB Foods by 375.0% during the fourth quarter. Barings LLC now owns 37,959 shares of the company's stock worth $1,073,000 after purchasing an additional 29,968 shares in the last quarter. William Blair Investment Management LLC raised 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 worth $59,901,000 after purchasing an additional 170,811 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC raised its holdings in BBB Foods by 10.2% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 1,412,891 shares of the company's stock worth $39,957,000 after purchasing an additional 130,373 shares in the last quarter. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Stock Performance

Shares of TBBB stock traded down $0.44 on Tuesday, hitting $28.86. 357,769 shares of the stock traded hands, compared to its average volume of 781,771. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54. The company has a market capitalization of $3.30 billion, a PE ratio of 131.18 and a beta of 0.49. BBB Foods has a 1-year low of $21.39 and a 1-year high of $35.22. The company's fifty day moving average is $28.33 and its 200 day moving average is $28.66.

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 business had revenue of $838.41 million during the quarter, compared to analysts' expectations of $836.80 million. On average, equities research analysts predict 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.