BBB Foods Inc. (NYSE:TBBB) Given Consensus Rating of “Hold” by Analysts

BBB Foods Inc. (NYSE:TBBB) has been given an average rating of “Hold” by the eight brokerages that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $32.00.

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

BBB Foods Stock Down 0.6 %

NYSE:TBBB opened at $24.09 on Thursday. The stock has a 50 day moving average of $27.97 and a 200-day moving average of $29.83. BBB Foods has a 52 week low of $19.31 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.

Hedge Funds Weigh In On BBB Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBBB. Alyeska Investment Group L.P. grew its position in BBB Foods by 1.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 107,739 shares of the company’s stock valued at $3,047,000 after buying an additional 1,655 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in shares of BBB Foods by 0.6% in the fourth quarter. Voloridge Investment Management LLC now owns 302,119 shares of the company’s stock valued at $8,544,000 after acquiring an additional 1,736 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in BBB Foods by 0.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 547,642 shares of the company’s stock valued at $15,487,000 after purchasing an additional 1,960 shares in the last quarter. Gabelli Funds LLC boosted its stake in BBB Foods by 3.7% during the 4th quarter. Gabelli Funds LLC now owns 56,000 shares of the company’s stock valued at $1,584,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in BBB Foods by 13.5% during the 4th quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company’s stock valued at $831,000 after purchasing an additional 3,500 shares in the last quarter. 8.42% of the stock is owned by institutional investors.

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.