BBB Foods Inc. (NYSE:TBBB) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $35.80.

Several equities analysts have weighed in on the company. Zacks Research cut BBB Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 7th. Morgan Stanley upgraded BBB Foods to an “overweight” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price objective on shares of BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th.

Institutional Trading of BBB Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. bought a new stake in BBB Foods in the second quarter worth about $25,000. Farther Finance Advisors LLC raised its holdings in shares of BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after buying an additional 396 shares during the period. Larson Financial Group LLC raised its holdings in shares of BBB Foods by 547.9% in the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after buying an additional 893 shares during the period. Toth Financial Advisory Corp bought a new stake in shares of BBB Foods during the 3rd quarter worth approximately $33,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in BBB Foods during the 2nd quarter valued at $72,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Stock Up 1.1%

Shares of TBBB stock opened at $38.20 on Thursday. The company’s fifty day simple moving average is $33.77 and its two-hundred day simple moving average is $29.24. BBB Foods has a 52 week low of $23.00 and a 52 week high of $38.37. The stock has a market cap of $4.36 billion, a P/E ratio of -45.48 and a beta of -0.14. 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 issued its 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 firm 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%. Analysts predict that BBB Foods will post 0.15 EPS for the current fiscal 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.