Analysts Set BBB Foods Inc. (NYSE:TBBB) Price Target at $30.57

BBB Foods Inc. (NYSE:TBBB) has received a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $30.57.

Several research analysts recently commented on the company. Jefferies Financial Group assumed coverage on BBB Foods in a research note on Monday, September 9th. They set a “hold” rating and a $33.00 target price for the company. JPMorgan Chase & Co. boosted their target price on BBB Foods from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Hsbc Global Res raised BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, August 23rd. Finally, HSBC raised BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 price objective for the company in a research report on Friday, August 23rd.

Institutional Trading of BBB Foods

Several institutional investors and hedge funds have recently made changes to their positions in TBBB. Driehaus Capital Management LLC purchased a new stake in shares of BBB Foods in the 2nd quarter valued at about $26,562,000. Public Employees Retirement System of Ohio purchased a new stake in shares of BBB Foods in the 3rd quarter valued at about $24,694,000. Quest Partners LLC purchased a new stake in shares of BBB Foods in the 3rd quarter valued at about $16,899,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of BBB Foods in the 2nd quarter valued at about $12,334,000. Finally, FMR LLC lifted its holdings in shares of BBB Foods by 23.0% in the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company’s stock valued at $78,503,000 after purchasing an additional 490,100 shares during the last quarter. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Stock Performance

TBBB stock opened at $28.55 on Friday. 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 12-month low of $18.71 and a 12-month high of $35.22. The business’s fifty day moving average price is $31.77 and its 200 day moving average price is $28.48.

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.