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

BBB Foods Inc. (NYSE:TBBB) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $39.00.

A number of research analysts have recently issued reports on TBBB shares. The Goldman Sachs Group raised their price target on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Wall Street Zen downgraded BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Itau BBA Securities cut shares of BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a report on Thursday, February 12th. Finally, UBS Group upped their target price on shares of BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th.

BBB Foods Stock Performance

Shares of TBBB traded down $0.57 during mid-day trading on Monday, hitting $35.88. The stock had a trading volume of 71,545 shares, compared to its average volume of 652,777. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21. The company has a market cap of $4.10 billion, a PE ratio of -42.78 and a beta of -0.16. BBB Foods has a fifty-two week low of $23.00 and a fifty-two week high of $40.09. The company’s fifty day simple moving average is $35.33 and its two-hundred day simple moving average is $30.70.

Institutional Investors Weigh In On BBB Foods

Several institutional investors have recently bought and sold shares of TBBB. Capital Research Global Investors raised its position in shares of BBB Foods by 2.6% during the 3rd quarter. Capital Research Global Investors now owns 5,882,050 shares of the company’s stock worth $158,580,000 after buying an additional 151,003 shares in the last quarter. Wasatch Advisors LP boosted its stake in BBB Foods by 25.7% during the 4th quarter. Wasatch Advisors LP now owns 3,409,281 shares of the company’s stock valued at $113,836,000 after purchasing an additional 696,365 shares in the last quarter. 12 West Capital Management LP increased its position in shares of BBB Foods by 39.8% during 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 purchasing an additional 963,712 shares during the period. Orbis Allan Gray Ltd bought a new stake in shares of BBB Foods in the 4th quarter worth $109,810,000. Finally, 3G Capital Partners LP raised its stake in shares of BBB Foods by 6.7% in the 3rd quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock worth $43,136,000 after buying an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

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.