BBB Foods Inc. (NYSE:TBBB) Receives Consensus Rating of "Hold" from Analysts

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

Several research analysts have weighed in on TBBB shares. Scotiabank set a $37.00 price target on BBB Foods and gave the stock an "outperform" rating in a research report on Friday, April 11th. Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target on the stock in a research report on Monday, April 21st. The Goldman Sachs Group raised BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. Finally, UBS Group boosted their price target on BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th.

Institutional Investors Weigh In On BBB Foods

Large investors have recently added to or reduced their stakes in the business. Capital Research Global Investors grew its holdings 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 valued at $150,738,000 after buying an additional 1,448,093 shares in the last quarter. FMR LLC grew its holdings in BBB Foods by 33.6% in the 4th quarter. FMR LLC now owns 3,494,773 shares of the company's stock valued at $98,832,000 after buying an additional 878,003 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings 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 valued at $80,708,000 after buying an additional 84,482 shares in the last quarter. 12 West Capital Management LP grew its holdings 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 valued at $61,072,000 after buying an additional 572,500 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in BBB Foods by 8.8% in 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 buying an additional 170,811 shares in the last quarter. Institutional investors own 8.42% of the company's stock.

BBB Foods Stock Down 1.4%

NYSE TBBB traded down $0.37 during trading on Wednesday, hitting $25.93. The stock had a trading volume of 1,212,240 shares, compared to its average volume of 747,965. The company has a market capitalization of $2.96 billion, a PE ratio of 117.87 and a beta of 0.02. The company's 50-day moving average price is $27.65 and its two-hundred day moving average price is $27.84. 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 12 month low of $23.00 and a 12 month high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.04) EPS 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 the consensus estimate of $836.80 million. BBB Foods had a net margin of 0.85% and a return on equity of 13.08%. As a group, sell-side analysts forecast that BBB Foods will post 0.15 EPS 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.