BBB Foods Inc. (NYSE:TBBB) Receives $30.57 Consensus Price Target from Analysts

BBB Foods Inc. (NYSE:TBBB) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $30.57.

Several equities analysts have recently weighed in on TBBB shares. Hsbc Global Res raised BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. boosted their price objective on shares of BBB Foods from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. HSBC upgraded shares of BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 target price for the company in a report on Friday, August 23rd. Finally, Jefferies Financial Group began coverage on shares of BBB Foods in a report on Monday, September 9th. They set a “hold” rating and a $33.00 price target on the stock.

Hedge Funds Weigh In On BBB Foods

A number of hedge funds have recently added to or reduced their stakes in TBBB. J.Safra Asset Management Corp bought a new position in shares of BBB Foods during the 1st quarter worth $32,000. Hood River Capital Management LLC bought a new position in BBB Foods during the 1st quarter worth about $54,000. National Bank of Canada FI purchased a new position in BBB Foods during the 2nd quarter valued at about $103,000. Engle Capital Management L.P. raised its holdings in shares of BBB Foods by 0.7% in the 2nd quarter. Engle Capital Management L.P. now owns 720,000 shares of the company’s stock valued at $17,179,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of BBB Foods in the 2nd quarter worth approximately $143,000. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Price Performance

BBB Foods stock opened at $33.39 on Wednesday. The company’s 50-day moving average price is $31.41 and its 200-day moving average price is $27.59. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.79. BBB Foods has a twelve month low of $18.71 and a twelve month high of $35.22.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.15. The company had revenue of $788.28 million for the quarter, compared to the consensus estimate of $708.69 million. Analysts predict that BBB Foods will post 0.14 earnings per share for the current 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.