Analysts Set BBB Foods Inc. (NYSE:TBBB) Target Price at $30.75

BBB Foods Inc. (NYSE:TBBB) has received a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $30.75.

Separately, Itau BBA Securities assumed coverage on BBB Foods in a research report on Wednesday. They issued a “market perform” rating and a $32.00 price objective for the company.

Institutional Investors Weigh In On BBB Foods

Institutional investors have recently added to or reduced their stakes in the company. Hood River Capital Management LLC lifted its holdings in shares of BBB Foods by 118.5% during the 2nd quarter. Hood River Capital Management LLC now owns 4,958 shares of the company’s stock valued at $119,000 after acquiring an additional 2,689 shares in the last quarter. Federated Hermes Inc. purchased a new position in BBB Foods in the second quarter valued at about $143,000. Verdence Capital Advisors LLC acquired a new position in shares of BBB Foods during the third quarter worth about $224,000. Virtu Financial LLC purchased a new stake in shares of BBB Foods in the third quarter worth about $230,000. Finally, XTX Topco Ltd purchased a new stake in shares of BBB Foods in the second quarter worth about $289,000. Hedge funds and other institutional investors own 8.42% of the company’s stock.

BBB Foods Trading Up 1.8 %

TBBB opened at $30.76 on Wednesday. The business’s fifty day simple moving average is $29.90 and its 200 day simple moving average is $29.85. BBB Foods has a 52 week low of $18.71 and a 52 week 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.

BBB Foods (NYSE:TBBB) last released its quarterly earnings results on Monday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.07. As a group, equities analysts predict that BBB Foods will post 0.15 EPS for the current year.

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.