Shares of BBB Foods Inc. (NYSE:TBBB – Get Free Report) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $30.17.
TBBB has been the subject of a number of research reports. Bank of America upped their target price on shares of BBB Foods from $26.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Hsbc Global Res raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised their target price on shares of BBB Foods from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Scotiabank boosted their target price on BBB Foods from $33.00 to $36.00 and gave the stock a “sector outperform” rating in a report on Friday, May 31st. Finally, HSBC raised BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 price target for the company in a report on Friday, August 23rd.
Check Out Our Latest Report on BBB Foods
BBB Foods Stock Down 0.1 %
Institutional Trading of BBB Foods
A number of hedge funds and other institutional investors have recently made changes to their positions in TBBB. Capital International Investors acquired a new position in BBB Foods in the first quarter valued at approximately $120,440,000. William Blair Investment Management LLC acquired a new position in shares of BBB Foods in the 1st quarter valued at $48,934,000. Capital International Inc. CA purchased a new position in shares of BBB Foods during the 1st quarter worth $33,004,000. Driehaus Capital Management LLC acquired a new stake in shares of BBB Foods during the 2nd quarter worth about $26,562,000. Finally, Thornburg Investment Management Inc. purchased a new stake in BBB Foods in the 1st quarter valued at about $18,668,000. Institutional investors and hedge funds own 8.42% of the company’s stock.
BBB Foods Company Profile
BBB Foods Inc, through its subsidiaries, operates grocery retail stores in Mexico. It offers food products, drinks, hygiene and beauty products, home clean products, coffee, tea and substitutes, jellies and desserts, and baby and pet products. The company also provides branded, private label, and spot products.
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