BBB Foods Inc. (NYSE:TBBB) Given Average Recommendation of "Hold" by Brokerages

Shares of BBB Foods Inc. (NYSE:TBBB - Get Free Report) have been given an average recommendation of "Hold" by the nine research firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $30.75.

Separately, Itau BBA Securities assumed coverage on BBB Foods in a report on Wednesday. They set a "market perform" rating and a $32.00 target price on the stock.

Hedge Funds Weigh In On BBB Foods

Several large investors have recently made changes to their positions in TBBB. Driehaus Capital Management LLC acquired a new position in BBB Foods in the second quarter valued at about $26,562,000. BNP Paribas Financial Markets lifted its stake in BBB Foods by 196.1% in the third quarter. BNP Paribas Financial Markets now owns 219,045 shares of the company's stock valued at $6,571,000 after buying an additional 145,056 shares during the period. Sei Investments Co. lifted its stake in BBB Foods by 891.3% in the second quarter. Sei Investments Co. now owns 296,390 shares of the company's stock valued at $7,072,000 after buying an additional 266,490 shares during the period. Van ECK Associates Corp lifted its stake in BBB Foods by 13.6% in the third quarter. Van ECK Associates Corp now owns 207,878 shares of the company's stock valued at $6,727,000 after buying an additional 24,963 shares during the period. Finally, FMR LLC lifted its stake in BBB Foods by 23.0% in the third quarter. FMR LLC now owns 2,616,770 shares of the company's stock valued at $78,503,000 after buying an additional 490,100 shares during the period. Institutional investors and hedge funds own 8.42% of the company's stock.

BBB Foods Stock Performance

NYSE:TBBB traded down $0.08 during trading hours on Wednesday, reaching $30.21. The company had a trading volume of 583,537 shares, compared to its average volume of 629,203. The stock has a 50-day moving average of $29.96 and a two-hundred day moving average of $29.81. BBB Foods has a one year low of $18.71 and a one year high of $35.22. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings results on Monday, November 25th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.07. As a group, research analysts predict that BBB Foods will post 0.15 EPS for the current fiscal year.

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.