Itau BBA Securities Upgrades BBB Foods (NYSE:TBBB) to Outperform

BBB Foods (NYSE:TBBB - Get Free Report) was upgraded by analysts at Itau BBA Securities from a "market perform" rating to an "outperform" rating in a report issued on Monday, Marketbeat Ratings reports. The brokerage presently has a $36.00 price objective on the stock. Itau BBA Securities' target price would suggest a potential upside of 19.32% from the company's current price.

Separately, Scotiabank set a $37.00 price target on shares of BBB Foods and gave the company an "outperform" rating in a report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.67.

BBB Foods Stock Up 0.4 %

TBBB stock traded up $0.12 during midday trading on Monday, reaching $30.17. The stock had a trading volume of 564,288 shares, compared to its average volume of 830,668. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The firm has a fifty day simple moving average of $26.41 and a two-hundred day simple moving average of $29.13. BBB Foods has a 52-week low of $20.32 and a 52-week high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its earnings results on Wednesday, April 9th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($1.03). The company had revenue of $784.03 million during the quarter, compared to analysts' expectations of $16.87 billion. On average, research analysts forecast that BBB Foods will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On BBB Foods

Large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC purchased a new stake in shares of BBB Foods in the first quarter valued at approximately $37,000. Toronto Dominion Bank purchased a new stake in BBB Foods in the 4th quarter worth $141,000. Blue Trust Inc. purchased a new stake in BBB Foods in the 1st quarter worth $212,000. White Oak Capital Partners Pte. Ltd. acquired a new position in BBB Foods during the fourth quarter worth $226,000. Finally, Virtu Financial LLC purchased a new position in BBB Foods during the third quarter valued at $230,000. Institutional investors and hedge funds own 8.42% of the company's stock.

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.