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

Key Points

• Analysts rate BBB Foods a “Moderate Buy.” Of 10 covering firms, six recommend buying, one strongly recommends buying, two rate it a hold, and one recommends selling; the average 12-month price target is $45.13.
• Recent analyst actions have generally been positive, with HSBC, JPMorgan, and Scotiabank raising their price targets to $47, $48, and $48, respectively.
• BBB Foods reported quarterly revenue of $1.49 billion, exceeding expectations, but its $0.19 per-share loss was wider than forecast. Shares recently traded at $50.56, near their 52-week high of $51.03.

Shares of BBB Foods Inc. (NYSE:TBBB - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $45.1250.

A number of research analysts have weighed in on the company. HSBC raised BBB Foods from a "hold" rating to a "buy" rating and lifted their target price for the company from $38.00 to $47.00 in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of BBB Foods from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. raised their price target on shares of BBB Foods from $46.00 to $48.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Zacks Research upgraded shares of BBB Foods from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Finally, Scotiabank upped their price target on shares of BBB Foods from $37.00 to $48.00 and gave the stock an "outperform" rating in a report on Tuesday, May 5th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. bought a new position in shares of BBB Foods in the 2nd quarter worth $25,000. Farther Finance Advisors LLC lifted its holdings in shares of BBB Foods by 92.5% during the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company's stock worth $28,000 after acquiring an additional 396 shares during the last quarter. Larson Financial Group LLC lifted its stake in BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company's stock worth $28,000 after purchasing an additional 893 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in BBB Foods in the fourth quarter worth approximately $39,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of BBB Foods in the 4th quarter valued at $89,000. Hedge funds and other institutional investors own 8.42% of the company's stock.

BBB Foods Stock Performance

Shares of NYSE:TBBB traded down $0.10 during trading on Monday, hitting $50.56. 56,561 shares of the company were exchanged, compared to its average volume of 657,647. The company has a market cap of $5.99 billion and a PE ratio of -31.38. The stock has a 50 day moving average of $42.42 and a 200 day moving average of $38.63. BBB Foods has a 52-week low of $23.81 and a 52-week high of $51.03. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.68 and a quick ratio of 0.44.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.03). The company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.42 billion. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. As a group, equities research analysts predict that BBB Foods will post -0.61 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.

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