BBB Foods Inc. (NYSE:TBBB) Given Consensus Recommendation of "Hold" by Analysts

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

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

Hedge Funds Weigh In On BBB Foods

Institutional investors and hedge funds have recently bought and sold shares of the company. Driehaus Capital Management LLC acquired a new position in BBB Foods in the 2nd quarter valued at approximately $26,562,000. Barings LLC grew its stake in shares of BBB Foods by 34.5% in the second quarter. Barings LLC now owns 83,798 shares of the company's stock worth $1,999,000 after purchasing an additional 21,502 shares during the last quarter. Picton Mahoney Asset Management increased its holdings in BBB Foods by 43.8% in the second quarter. Picton Mahoney Asset Management now owns 68,600 shares of the company's stock valued at $1,637,000 after purchasing an additional 20,900 shares during the period. Sei Investments Co. raised its position in BBB Foods by 891.3% during the 2nd quarter. Sei Investments Co. now owns 296,390 shares of the company's stock worth $7,072,000 after purchasing an additional 266,490 shares during the last quarter. Finally, DNB Asset Management AS lifted its holdings in BBB Foods by 70.5% during the 2nd quarter. DNB Asset Management AS now owns 343,770 shares of the company's stock worth $8,195,000 after buying an additional 142,162 shares during the period. Institutional investors and hedge funds own 8.42% of the company's stock.

BBB Foods Stock Performance

TBBB remained flat at $28.22 on Friday. 698,190 shares of the company traded hands, compared to its average volume of 708,981. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. BBB Foods has a 1-year low of $18.71 and a 1-year high of $35.22. The company has a 50 day moving average of $31.91 and a 200-day moving average of $28.44.

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.