BBB Foods Inc. (NYSE:TBBB) Receives $35.80 Consensus Price Target from Analysts

BBB Foods Inc. (NYSE:TBBB) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $35.80.

Several brokerages have recently issued reports on TBBB. JPMorgan Chase & Co. boosted their price target on shares of BBB Foods from $35.50 to $39.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Zacks Research lowered shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group boosted their price target on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday.

Hedge Funds Weigh In On BBB Foods

Several hedge funds have recently modified their holdings of the company. Capital Research Global Investors lifted its holdings in shares of BBB Foods by 2.6% in the third quarter. Capital Research Global Investors now owns 5,882,050 shares of the company’s stock valued at $158,580,000 after buying an additional 151,003 shares during the period. 12 West Capital Management LP lifted its holdings in BBB Foods by 39.8% in the 3rd quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock valued at $91,199,000 after acquiring an additional 963,712 shares during the last quarter. Wasatch Advisors LP lifted its holdings in BBB Foods by 23.8% in the 3rd quarter. Wasatch Advisors LP now owns 2,712,916 shares of the company’s stock valued at $73,140,000 after acquiring an additional 520,904 shares during the last quarter. 3G Capital Partners LP boosted its position in shares of BBB Foods by 6.7% during the 3rd quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock valued at $43,136,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Duquesne Family Office LLC grew its stake in shares of BBB Foods by 228.1% in the 3rd quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock worth $31,897,000 after purchasing an additional 822,575 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.

BBB Foods Stock Performance

Shares of TBBB stock opened at $32.05 on Friday. The company has a market cap of $3.66 billion, a P/E ratio of -38.16, a PEG ratio of 15.62 and a beta of -0.14. The business has a 50 day moving average of $32.47 and a two-hundred day moving average of $28.46. BBB Foods has a 52 week low of $23.00 and a 52 week high of $35.38. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.23). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%. As a group, analysts anticipate that BBB Foods will post 0.15 EPS for the current year.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.