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

BBB Foods Inc. (NYSE:TBBB) has earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $32.00.

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

BBB Foods Stock Up 0.1 %

Shares of TBBB stock opened at $25.07 on Thursday. The business’s fifty day moving average is $28.21 and its 200 day moving average is $29.92. BBB Foods has a twelve month low of $19.31 and a twelve month high of $35.22. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72.

Institutional Investors Weigh In On BBB Foods

Hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank purchased a new stake in shares of BBB Foods in the 4th quarter worth $141,000. Verdence Capital Advisors LLC bought a new position in BBB Foods in the 3rd quarter worth $224,000. Virtu Financial LLC bought a new position in BBB Foods in the 3rd quarter worth $230,000. White Oak Capital Partners Pte. Ltd. bought a new position in BBB Foods in the 4th quarter worth $226,000. Finally, J.Safra Asset Management Corp boosted its holdings in BBB Foods by 204.7% in the 4th quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company’s stock worth $293,000 after buying an additional 6,895 shares during the period. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

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.