BBB Foods Inc. (NYSE:TBBB) Stock Has Consensus Target Price of $50.50

by · The Markets Daily

Shares of BBB Foods Inc. (NYSE:TBBB – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $50.50.

Several research firms have issued reports on TBBB. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research report on Monday. Scotiabank restated an “outperform” rating and set a $65.00 target price on shares of BBB Foods in a research report on Thursday, August 27th. Citigroup reaffirmed a “buy” rating on shares of BBB Foods in a research note on Monday, September 14th. UBS Group raised their price objective on shares of BBB Foods from $51.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of BBB Foods from $48.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th.

Get Our Latest Stock Analysis on BBB Foods

BBB Foods Stock Up 2.4%

TBBB stock opened at $52.98 on Friday. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.68 and a quick ratio of 0.44. The company has a market cap of $6.28 billion, a price-to-earnings ratio of -32.90 and a beta of 0.05. BBB Foods has a 12 month low of $23.81 and a 12 month high of $53.33. The company has a fifty day moving average price of $46.70 and a 200 day moving average price of $40.93.

BBB Foods (NYSE:TBBB – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.03). The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.42 billion. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. Sell-side analysts expect that BBB Foods will post -0.62 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total value of $388,773.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of BBB Foods

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP raised its stake in BBB Foods by 3.4% in the 2nd quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company’s stock valued at $176,659,000 after purchasing an additional 139,649 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of BBB Foods during the first quarter worth about $65,967,000. Capital International Inc. CA grew its holdings in shares of BBB Foods by 1.3% during the fourth quarter. Capital International Inc. CA now owns 1,022,314 shares of the company’s stock worth $34,135,000 after buying an additional 12,962 shares in the last quarter. Carmignac Gestion raised its position in shares of BBB Foods by 526.5% in the second quarter. Carmignac Gestion now owns 670,106 shares of the company’s stock valued at $27,917,000 after buying an additional 563,141 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of BBB Foods by 10.7% in the first quarter. Sei Investments Co. now owns 748,627 shares of the company’s stock valued at $26,479,000 after buying an additional 72,646 shares during the last quarter. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

About BBB Foods

(Get Free Report)

BBB Foods Inc is a Mexico-based discount retailer that operates under the Tiendas 3B brand. The company serves consumers through neighborhood stores offering everyday necessities at affordable prices, with a focus on convenience, value and accessible locations.

Tiendas 3B stores sell a range of groceries, household products, personal-care items and other frequently purchased consumer goods. The business emphasizes a hard-discount retail model, including a selection of private-label and branded products, streamlined store formats and cost-conscious operations.

BBB Foods was founded in Mexico and has expanded its store network across the country.

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