BBB Foods Inc. (NYSE:TBBB) Receives $30.75 Consensus PT from Analysts

Shares of BBB Foods Inc. (NYSE:TBBB) have received a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $30.75.

Separately, Itau BBA Securities initiated coverage on shares of BBB Foods in a research note on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 target price on the stock.

Institutional Investors Weigh In On BBB Foods

Institutional investors have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC grew its holdings in BBB Foods by 118.5% during the 2nd quarter. Hood River Capital Management LLC now owns 4,958 shares of the company’s stock valued at $119,000 after buying an additional 2,689 shares in the last quarter. Federated Hermes Inc. purchased a new stake in BBB Foods during the 2nd quarter valued at approximately $143,000. Verdence Capital Advisors LLC purchased a new stake in BBB Foods during the 3rd quarter valued at approximately $224,000. Virtu Financial LLC purchased a new stake in BBB Foods during the 3rd quarter valued at approximately $230,000. Finally, XTX Topco Ltd purchased a new stake in BBB Foods during the 2nd quarter valued at approximately $289,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Trading Down 3.1 %

Shares of NYSE:TBBB opened at $30.23 on Wednesday. The firm’s 50 day moving average price is $29.83 and its 200-day moving average price is $30.01. BBB Foods has a twelve month low of $18.71 and a twelve month high of $35.22. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.07. Research analysts predict that BBB Foods will post 0.15 EPS for the current year.

About BBB Foods

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.