UBS Group Forecasts Strong Price Appreciation for BBB Foods (NYSE:TBBB) Stock

BBB Foods (NYSE:TBBB - Get Free Report) had its price objective hoisted by investment analysts at UBS Group from $32.00 to $33.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective suggests a potential upside of 21.27% from the stock's previous close.

A number of other research analysts have also weighed in on TBBB. Itau BBA Securities raised shares of 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. Scotiabank set a $37.00 target price on BBB Foods and gave the stock an "outperform" rating in a research note on Friday, April 11th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $34.00.

BBB Foods Stock Down 0.7%

NYSE TBBB traded down $0.19 during trading hours on Wednesday, hitting $27.21. The company's stock had a trading volume of 629,235 shares, compared to its average volume of 762,856. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. The company's 50-day simple moving average is $28.49 and its two-hundred day simple moving average is $28.48. The company has a market capitalization of $3.11 billion, a PE ratio of 123.70 and a beta of 0.17. BBB Foods has a 52 week low of $21.39 and a 52 week high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.10). The company had revenue of $838.41 million during the quarter, compared to analyst estimates of $836.80 million. Research analysts anticipate that BBB Foods will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tempus Wealth Planning LLC lifted its stake in BBB Foods by 4.7% in the first quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company's stock valued at $339,000 after purchasing an additional 571 shares during the last quarter. J.Safra Asset Management Corp raised its stake in shares of BBB Foods by 6.4% in the first quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company's stock valued at $291,000 after buying an additional 661 shares during the period. Banque Transatlantique SA purchased a new position in shares of BBB Foods during the 1st quarter valued at $25,000. Verdence Capital Advisors LLC grew its stake in shares of BBB Foods by 15.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,566 shares of the company's stock worth $229,000 after acquiring an additional 1,136 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in BBB Foods by 124.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock worth $57,000 after acquiring an additional 1,187 shares during the last quarter. 8.42% of the stock is owned by institutional investors.

BBB Foods Company Profile

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.