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BBB Foods Inc. (NYSE:TBBB) Given Consensus Rating of "Hold" by Brokerages

BBB Foods logo with Consumer Staples background

Shares of BBB Foods Inc. (NYSE:TBBB - Get Free Report) have been given a consensus rating of "Hold" by the eight ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $30.57.

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

Check Out Our Latest Stock Report on TBBB

Hedge Funds Weigh In On BBB Foods

A number of institutional investors have recently modified their holdings of the company. Capital International Investors bought a new stake in BBB Foods during the first quarter worth $120,440,000. William Blair Investment Management LLC bought a new stake in BBB Foods during the first quarter worth $48,934,000. Capital International Inc. CA bought a new stake in BBB Foods during the first quarter worth $33,004,000. Driehaus Capital Management LLC bought a new stake in BBB Foods during the second quarter worth $26,562,000. Finally, Thornburg Investment Management Inc. bought a new stake in BBB Foods during the first quarter worth $18,668,000. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Price Performance

TBBB stock traded up $0.87 during midday trading on Friday, reaching $32.84. The company had a trading volume of 1,030,391 shares, compared to its average volume of 798,337. The stock has a 50 day moving average price of $29.86 and a 200-day moving average price of $26.02. BBB Foods has a 1-year low of $18.71 and a 1-year high of $33.16. 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 released its earnings results on Wednesday, August 21st. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.15. The business had revenue of $788.28 million during the quarter, compared to the consensus estimate of $708.69 million. Equities research analysts anticipate that BBB Foods will post 0.14 EPS for the current fiscal year.

About BBB Foods

(Get Free Report

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.

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