BBB Foods (NYSE:TBBB) Raised to Outperform at Itau BBA Securities

BBB Foods (NYSE:TBBB - Get Free Report) was upgraded by equities researchers at Itau BBA Securities from a "market perform" rating to an "outperform" rating in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage currently has a $36.00 target price on the stock. Itau BBA Securities' target price points to a potential upside of 19.68% from the stock's current price.

Separately, Scotiabank set a $37.00 price objective on shares of BBB Foods and gave the stock an "outperform" rating in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, BBB Foods currently has an average rating of "Moderate Buy" and an average target price of $33.67.

BBB Foods Stock Performance

NYSE TBBB traded up $1.20 on Monday, reaching $30.08. The stock had a trading volume of 556,549 shares, compared to its average volume of 831,819. The business has a 50 day moving average price of $26.33 and a 200 day moving average price of $29.14. BBB Foods has a 1 year low of $19.99 and a 1 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 posted its quarterly earnings data on Wednesday, April 9th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $1.02 by ($1.03). The business had revenue of $784.03 million for the quarter, compared to analysts' expectations of $16.87 billion. On average, equities analysts expect that BBB Foods will post 0.15 EPS for the current year.

Institutional Investors Weigh In On BBB Foods

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in BBB Foods during the 4th quarter worth approximately $375,000. Tempus Wealth Planning LLC acquired a new position in BBB Foods in the fourth quarter valued at $343,000. Barings LLC boosted its position in BBB Foods by 375.0% during the fourth quarter. Barings LLC now owns 37,959 shares of the company's stock valued at $1,073,000 after acquiring an additional 29,968 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of BBB Foods by 8.8% in the 4th quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company's stock valued at $59,901,000 after purchasing an additional 170,811 shares during the period. Finally, Zweig DiMenna Associates LLC boosted its holdings in shares of BBB Foods by 4.9% during the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock worth $11,217,000 after buying an additional 18,541 shares in the last quarter. 8.42% of the stock is owned by institutional investors.

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.