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

BBB Foods (NYSE:TBBB - Get Free Report) had its price objective increased by equities research analysts at UBS Group from $32.00 to $33.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price objective points to a potential upside of 20.30% from the company's previous close.

TBBB has been the subject of several other research reports. Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target for the company in a report on Monday, April 21st. Scotiabank set a $37.00 price objective on BBB Foods and gave the stock an "outperform" rating in a research note on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $34.00.

BBB Foods Price Performance

Shares of TBBB stock traded up $0.13 during mid-day trading on Wednesday, hitting $27.43. 477,116 shares of the stock were exchanged, compared to its average volume of 768,317. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. BBB Foods has a 52-week low of $21.39 and a 52-week high of $35.22. The firm has a fifty day moving average of $28.47 and a 200 day moving average of $28.55. The company has a market cap of $3.13 billion, a PE ratio of 124.69 and a beta of 0.17.

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 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 analysts' expectations of $836.80 million. Research analysts anticipate that BBB Foods will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of BBB Foods by 276.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company's stock worth $4,176,000 after acquiring an additional 114,990 shares during the last quarter. USS Investment Management Ltd raised its position in BBB Foods by 13.4% in the first quarter. USS Investment Management Ltd now owns 685,950 shares of the company's stock valued at $18,291,000 after purchasing an additional 81,215 shares during the period. Millennium Management LLC lifted its stake in BBB Foods by 942.8% during the first quarter. Millennium Management LLC now owns 1,240,966 shares of the company's stock worth $33,109,000 after purchasing an additional 1,121,959 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of BBB Foods during the first quarter worth $25,000. Finally, 12 West Capital Management LP grew its stake in shares of BBB Foods by 33.4% in the first 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. Hedge funds and other institutional investors own 8.42% of the company's stock.

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.