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

Shares of BBB Foods Inc. (NYSE:TBBB - Get Free Report) have received a consensus recommendation of "Hold" from the eight brokerages that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $33.29.

Several brokerages have issued reports on TBBB. UBS Group upped their price target on shares of BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Itau BBA Securities raised shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective on the stock 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. Finally, The Goldman Sachs Group raised shares of BBB Foods to a "hold" rating in a research note on Wednesday, July 9th.

BBB Foods Stock Down 1.4%

Shares of NYSE:TBBB traded down $0.37 during trading on Wednesday, hitting $25.93. The company's stock had a trading volume of 1,212,240 shares, compared to its average volume of 747,965. The business has a 50 day moving average price of $27.61 and a two-hundred day moving average price of $27.82. The company has a market capitalization of $2.96 billion, a PE ratio of 117.87 and a beta of 0.02. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.49 and a current ratio of 0.74. BBB Foods has a fifty-two week low of $23.00 and a fifty-two week high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). BBB Foods had a return on equity of 13.08% and a net margin of 0.85%. The firm had revenue of $838.41 million for the quarter, compared to analyst estimates of $836.80 million. As a group, research analysts expect that BBB Foods will post 0.15 EPS for the current fiscal year.

Institutional Trading of BBB Foods

Institutional investors and hedge funds have recently modified their holdings of the company. TT International Asset Management LTD bought a new stake in BBB Foods during the 1st quarter worth about $15,261,000. VELA Investment Management LLC raised its holdings in BBB Foods by 66.7% during the 1st quarter. VELA Investment Management LLC now owns 25,000 shares of the company's stock worth $667,000 after buying an additional 10,000 shares during the period. Deutsche Bank AG acquired a new stake in BBB Foods during the 4th quarter worth approximately $311,000. William Blair Investment Management LLC raised its holdings in 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 worth $59,901,000 after buying an additional 170,811 shares during the period. Finally, Seven Grand Managers LLC acquired a new stake in BBB Foods during the 4th quarter worth approximately $3,535,000. 8.42% of the stock is currently owned by institutional investors and hedge funds.

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.