BBB Foods Inc. (NYSE:TBBB) Receives $32.00 Consensus Target Price from Brokerages

BBB Foods Inc. (NYSE:TBBB) has been assigned an average rating of “Hold” from the eight research firms that are currently 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 brokers that have covered the stock in the last year is $32.00.

Separately, Itau BBA Securities started coverage on shares of BBB Foods in a report on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 price objective for the company.

Institutional Investors Weigh In On BBB Foods

Several large investors have recently modified their holdings of the stock. 12 West Capital Management LP bought a new stake in shares of BBB Foods in the fourth quarter valued at approximately $48,544,000. Capital Research Global Investors raised its position in shares of BBB Foods by 37.3% in the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company’s stock valued at $150,738,000 after purchasing an additional 1,448,093 shares during the period. FMR LLC raised its position in shares of BBB Foods by 33.6% in the fourth quarter. FMR LLC now owns 3,494,773 shares of the company’s stock valued at $98,832,000 after purchasing an additional 878,003 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of BBB Foods in the third quarter valued at approximately $24,694,000. Finally, Quest Partners LLC bought a new stake in shares of BBB Foods in the third quarter valued at approximately $16,899,000. Hedge funds and other institutional investors own 8.42% of the company’s stock.

BBB Foods Stock Up 2.0 %

Shares of BBB Foods stock opened at $25.00 on Thursday. BBB Foods has a 1 year low of $19.31 and a 1 year high of $35.22. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. The stock has a fifty day moving average price of $28.31 and a 200-day moving average price of $29.98.

BBB Foods Company Profile

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.