BBB Foods (NYSE:TBBB) Now Covered by Itau BBA Securities

Itau BBA Securities initiated coverage on shares of BBB Foods (NYSE:TBBB) in a research report released on Wednesday morning, MarketBeat Ratings reports. The firm issued a market perform rating and a $32.00 target price on the stock.

BBB Foods Stock Performance

TBBB opened at $30.76 on Wednesday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. BBB Foods has a 1-year low of $18.71 and a 1-year high of $35.22. The firm has a 50-day moving average price of $29.90 and a two-hundred day moving average price of $29.85.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tempus Wealth Planning LLC bought a new position in BBB Foods during the 4th quarter worth approximately $343,000. Zweig DiMenna Associates LLC boosted its stake in BBB Foods by 4.9% during the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company’s stock worth $11,217,000 after acquiring an additional 18,541 shares during the last quarter. SG Americas Securities LLC bought a new position in BBB Foods during the 4th quarter worth approximately $375,000. JPMorgan Chase & Co. boosted its stake in BBB Foods by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock worth $38,239,000 after acquiring an additional 7,014 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in BBB Foods during the 3rd quarter worth approximately $230,000. Institutional investors own 8.42% of the company’s stock.

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.