Brokerages Set BBB Foods Inc. (NYSE:TBBB) Price Target at $30.57

BBB Foods Inc. (NYSE:TBBB - Get Free Report) has received a consensus rating of "Hold" from the eight brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $30.57.

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

BBB Foods Price Performance

TBBB stock traded down $0.28 on Wednesday, hitting $31.92. The company's stock had a trading volume of 1,239,394 shares, compared to its average volume of 789,074. BBB Foods has a 1 year low of $18.71 and a 1 year high of $35.22. The firm has a 50 day moving average of $31.37 and a two-hundred day moving average of $27.41. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.85.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results 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 analyst estimates of $708.69 million. Research analysts expect that BBB Foods will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of BBB Foods

Several large investors have recently bought and sold shares of TBBB. Russell Investments Group Ltd. purchased a new stake in shares of BBB Foods in the 1st quarter worth about $1,512,000. Janus Henderson Group PLC acquired a new stake in shares of BBB Foods in the first quarter valued at approximately $8,355,000. Picton Mahoney Asset Management purchased a new position in shares of BBB Foods during the 1st quarter worth approximately $1,134,000. Sei Investments Co. acquired a new position in shares of BBB Foods during the 1st quarter worth approximately $711,000. Finally, Capital International Sarl purchased a new stake in BBB Foods in the 1st quarter valued at approximately $6,646,000. 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.