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

Key Points

• Analysts remain broadly positive: BBB Foods has a “Moderate Buy” consensus, with seven buy, two hold and one sell rating. The average 12-month price target is $50.50, while recent targets range as high as $67.
• Shares are trading near their annual high: TBBB recently traded at $50.66, compared with a 52-week range of $23.81 to $52.22, and remains above its 50-day and 200-day moving averages.
• Latest results were mixed: Quarterly revenue of $1.49 billion exceeded estimates, but the company reported an adjusted loss of $0.19 per share versus expectations of a $0.16 loss. Analysts expect a full-year loss of approximately $0.62 per share.

Shares of BBB Foods Inc. (NYSE:TBBB - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $50.50.

Several brokerages have issued reports on TBBB. UBS Group raised their price target on BBB Foods from $51.00 to $58.00 and gave the company a "buy" rating in a report on Friday, August 28th. HSBC raised shares of BBB Foods from a "hold" rating to a "buy" rating and increased their price objective for the company from $38.00 to $47.00 in a research report on Wednesday, May 27th. Citigroup reaffirmed a "buy" rating on shares of BBB Foods in a report on Monday. Scotiabank reissued an "outperform" rating and issued a $65.00 price target on shares of BBB Foods in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of BBB Foods from $48.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday, September 10th.

BBB Foods Stock Performance

Shares of TBBB traded down $0.24 during midday trading on Friday, reaching $50.66. The stock had a trading volume of 61,123 shares, compared to its average volume of 650,401. The firm has a market cap of $6.01 billion, a PE ratio of -31.47 and a beta of 0.05. The firm has a 50 day simple moving average of $45.60 and a 200-day simple moving average of $40.30. BBB Foods has a one year low of $23.81 and a one year high of $52.22. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 2.16.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.03). BBB Foods had a negative return on equity of 72.47% and a negative net margin of 3.68%.The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.42 billion. As a group, sell-side analysts anticipate that BBB Foods will post -0.62 EPS for the current year.

Insider Buying and Selling at BBB Foods

In related news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total transaction of $388,773.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TBBB. Wasatch Advisors LP raised its position in shares of BBB Foods by 3.4% in the second quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company's stock valued at $176,659,000 after buying an additional 139,649 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in BBB Foods during the first quarter worth approximately $65,967,000. Capital International Inc. CA increased its stake in BBB Foods by 1.3% during the 4th quarter. Capital International Inc. CA now owns 1,022,314 shares of the company's stock worth $34,135,000 after acquiring an additional 12,962 shares during the period. Engle Capital Management L.P. increased its stake in BBB Foods by 1.8% during the 4th quarter. Engle Capital Management L.P. now owns 750,000 shares of the company's stock worth $25,042,000 after acquiring an additional 13,231 shares during the period. Finally, Sei Investments Co. raised its holdings in BBB Foods by 10.7% in the 1st quarter. Sei Investments Co. now owns 748,627 shares of the company's stock valued at $26,479,000 after acquiring an additional 72,646 shares in the last quarter. Institutional investors own 8.42% of the company's stock.

BBB Foods Company Profile

BBB Foods Inc is a Mexico-based discount retailer that operates under the Tiendas 3B brand. The company serves consumers through neighborhood stores offering everyday necessities at affordable prices, with a focus on convenience, value and accessible locations.

Tiendas 3B stores sell a range of groceries, household products, personal-care items and other frequently purchased consumer goods. The business emphasizes a hard-discount retail model, including a selection of private-label and branded products, streamlined store formats and cost-conscious operations.

BBB Foods was founded in Mexico and has expanded its store network across the country.

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