Brokerages Set BBB Foods Inc. (NYSE:TBBB) Target Price at $43.14

Shares of BBB Foods Inc. (NYSE:TBBB) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $43.1429.

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. UBS Group boosted their target price on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Wells Fargo & Company set a $42.00 target price on BBB Foods in a research note on Friday, March 13th. Zacks Research cut BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd. Finally, Itau BBA Securities upgraded BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Friday, March 13th.

BBB Foods Price Performance

TBBB stock opened at $42.58 on Wednesday. The business has a 50 day moving average price of $37.60 and a 200 day moving average price of $35.65. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of -27.47 and a beta of 0.03. BBB Foods has a fifty-two week low of $23.81 and a fifty-two week high of $43.80. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76.

BBB Foods (NYSE:TBBB) last posted its earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%. Equities research analysts anticipate that BBB Foods will post -0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors increased its position in BBB Foods by 2.6% during the third 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 during the period. Wasatch Advisors LP increased its position in BBB Foods by 20.3% during the first quarter. Wasatch Advisors LP now owns 4,099,825 shares of the company’s stock worth $145,011,000 after buying an additional 690,544 shares during the period. 12 West Capital Management LP increased its position in BBB Foods by 39.8% during the third quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock worth $91,199,000 after buying an additional 963,712 shares during the period. Orbis Allan Gray Ltd acquired a new position in BBB Foods during the fourth quarter worth approximately $109,810,000. Finally, Principal Financial Group Inc. acquired a new position in BBB Foods during the first quarter worth approximately $65,967,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

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