BBB Foods Inc. (NYSE:TBBB) Stock Has Consensus Target Price of $51.88 According to Analysts

Key Points

• Analyst sentiment is moderately positive: Seven of ten covering firms rate BBB Foods a buy, while three recommend holding; the average 12-month price target is $51.88.
• Shares traded at $65.41, above the consensus target, after UBS raised its target to $69 and maintained a buy rating.
• BBB Foods beat quarterly estimates, reporting EPS of $0.01 versus expectations of a $0.10 loss and revenue of $1.57 billion versus a $1.53 billion forecast.

Shares of BBB Foods Inc. (NYSE:TBBB - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $51.88.

Several brokerages have commented on TBBB. Zacks Research raised BBB Foods from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Weiss Ratings raised BBB Foods from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Scotiabank reiterated an "outperform" rating and set a $65.00 target price on shares of BBB Foods in a research report on Thursday, August 27th. UBS Group increased their target price on BBB Foods from $58.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, October 21st. Finally, Citigroup reissued a "buy" rating on shares of BBB Foods in a research note on Monday, September 14th.

BBB Foods Price Performance

Shares of BBB Foods stock traded up $1.20 during trading hours on Friday, reaching $65.41. The stock had a trading volume of 693,386 shares, compared to its average volume of 933,923. The stock's 50 day moving average is $54.48 and its 200 day moving average is $42.63. 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 has a twelve month low of $25.84 and a twelve month high of $65.91. The firm has a market capitalization of $7.76 billion, a PE ratio of -69.59 and a beta of -0.01.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its earnings results on Monday, November 2nd. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.11. The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.53 billion. BBB Foods had a negative return on equity of 40.86% and a negative net margin of 1.94%. Equities analysts expect that BBB Foods will post -0.62 earnings per share for the current fiscal year.

Insider Transactions at BBB Foods

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total value of $388,773.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TBBB. Principal Financial Group Inc. purchased a new position in BBB Foods in the 1st quarter valued at about $65,967,000. Ninety One UK Ltd acquired a new position in shares of BBB Foods during the third quarter valued at approximately $59,033,000. Carmignac Gestion raised its holdings in shares of BBB Foods by 526.5% during the second quarter. Carmignac Gestion now owns 670,106 shares of the company's stock valued at $27,917,000 after acquiring an additional 563,141 shares during the last quarter. Ninety One North America Inc. purchased a new position in shares of BBB Foods in the third quarter valued at approximately $17,591,000. Finally, William Blair Investment Management LLC purchased a new position in shares of BBB Foods in the third quarter valued at approximately $15,718,000. Institutional investors and hedge funds own 8.42% of the company's stock.

BBB Foods Company Profile

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. Its stores focus on everyday consumer essentials, including food, beverages, household products and personal-care items, offered primarily through a combination of private-label and selected national-brand products.

The company's business model emphasizes a limited assortment, compact store formats and value-oriented pricing. Tiendas 3B stores primarily serve communities in Mexico, with a presence concentrated in the country's central and southern regions.

BBB Foods was founded in 2004 and is led by Anthony Hatoum, who serves as the company's chief executive officer.

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