Brokerages Set BBB Foods Inc. (NYSE:TBBB) Target Price at $32.00

Shares of BBB Foods Inc. (NYSE:TBBB - Get Free Report) have been given an average recommendation of "Hold" by the seven analysts that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $32.83.

Separately, Itau BBA Securities initiated coverage on shares of BBB Foods in a research note on Wednesday, January 22nd. They issued a "market perform" rating and a $32.00 price target for the company.

BBB Foods Stock Up 2.2 %

NYSE TBBB traded up $0.60 during trading hours on Monday, hitting $27.25. 614,124 shares of the company's stock were exchanged, compared to its average volume of 841,607. The stock has a 50-day simple moving average of $26.47 and a 200 day simple moving average of $29.30. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. BBB Foods has a 1-year low of $19.31 and a 1-year high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $1.02 by ($1.03). The firm had revenue of $784.03 million for the quarter, compared to the consensus estimate of $16.87 billion. As a group, equities research analysts expect that BBB Foods will post 0.15 earnings per share for the current year.

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Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Capital Research Global Investors increased its position in shares of BBB Foods by 37.3% during the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company's stock worth $150,738,000 after acquiring an additional 1,448,093 shares in the last quarter. FMR LLC increased its holdings in BBB Foods by 33.6% during the 4th quarter. FMR LLC now owns 3,494,773 shares of the company's stock worth $98,832,000 after purchasing an additional 878,003 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its holdings in BBB Foods by 3.1% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,853,906 shares of the company's stock worth $80,708,000 after purchasing an additional 84,482 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of 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 worth $59,901,000 after purchasing an additional 170,811 shares during the last quarter. Finally, 12 West Capital Management LP bought a new position in shares of BBB Foods in the fourth quarter valued at approximately $48,544,000. 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.