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

Shares of BBB Foods Inc. (NYSE:TBBB) have received an average rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $30.75.

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

BBB Foods Stock Down 1.2 %

Shares of NYSE TBBB opened at $28.09 on Friday. BBB Foods has a one year low of $19.31 and a one year 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. The firm’s 50 day simple moving average is $29.39 and its two-hundred day simple moving average is $30.32.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings results on Monday, November 25th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. As a group, sell-side analysts anticipate that BBB Foods will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital Research Global Investors grew its holdings in shares of BBB Foods by 37.3% in the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company’s stock worth $150,738,000 after purchasing an additional 1,448,093 shares during the last quarter. FMR LLC boosted its holdings in BBB Foods by 33.6% in the fourth quarter. FMR LLC now owns 3,494,773 shares of the company’s stock valued at $98,832,000 after acquiring an additional 878,003 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its holdings in BBB Foods by 3.1% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,853,906 shares of the company’s stock valued at $80,708,000 after acquiring an additional 84,482 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in BBB Foods by 8.8% in the fourth quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company’s stock valued at $59,901,000 after acquiring an additional 170,811 shares in the last quarter. Finally, 12 West Capital Management LP bought a new stake in BBB Foods in the fourth quarter valued at $48,544,000. Institutional investors 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.