BBB Foods Inc. (NYSE:TBBB - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $28.86, but opened at $30.12. BBB Foods shares last traded at $29.18, with a volume of 33,821 shares.
Analyst Ratings Changes
A number of brokerages recently weighed in on TBBB. UBS Group upped their target price on shares of BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday. Itau BBA Securities raised shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a research report on Monday, April 21st. Finally, Scotiabank set a $37.00 price objective on shares of BBB Foods and gave the stock an "outperform" rating in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, BBB Foods presently has an average rating of "Hold" and a consensus target price of $34.00.
Read Our Latest Stock Report on BBB Foods
BBB Foods Price Performance
The firm has a market capitalization of $3.11 billion, a P/E ratio of 123.70 and a beta of 0.17. The company has a fifty day moving average of $28.48 and a 200 day moving average of $28.52. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54.
BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The firm had revenue of $838.41 million for the quarter, compared to the consensus estimate of $836.80 million. Sell-side analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in TBBB. Banque Transatlantique SA acquired a new stake in BBB Foods during the first quarter worth approximately $25,000. FNY Investment Advisers LLC acquired a new position in shares of BBB Foods during the first quarter valued at about $37,000. Caitong International Asset Management Co. Ltd boosted its holdings in BBB Foods by 124.6% in the first 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 in the last quarter. Summit Securities Group LLC bought a new stake in shares of BBB Foods during the first quarter valued at approximately $96,000. Finally, Toronto Dominion Bank acquired a new position in shares of BBB Foods during the fourth quarter worth approximately $141,000. 8.42% of the stock is owned by institutional investors.
About BBB Foods
(
Get Free Report)
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.
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