BBB Foods (NYSE:TBBB) Research Coverage Started at Itau BBA Securities

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

BBB Foods Stock Performance

Shares of TBBB stock opened at $30.76 on Wednesday. BBB Foods has a 52-week low of $18.71 and a 52-week high of $35.22. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The firm has a fifty day moving average of $29.90 and a 200-day moving average of $29.85.

BBB Foods (NYSE:TBBBGet Free Report) last announced its quarterly earnings data on Monday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. On average, equities research analysts forecast that BBB Foods will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On BBB Foods

Several large investors have recently made changes to their positions in TBBB. Driehaus Capital Management LLC bought a new stake in shares of BBB Foods in the 2nd quarter worth about $26,562,000. Public Employees Retirement System of Ohio bought a new stake in shares of BBB Foods in the 3rd quarter worth about $24,694,000. Quest Partners LLC bought a new stake in BBB Foods during the 3rd quarter worth about $16,899,000. FMR LLC increased its position in BBB Foods by 23.0% in the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company’s stock valued at $78,503,000 after acquiring an additional 490,100 shares in the last quarter. Finally, Sei Investments Co. increased its position in BBB Foods by 891.3% in the 2nd quarter. Sei Investments Co. now owns 296,390 shares of the company’s stock valued at $7,072,000 after acquiring an additional 266,490 shares in the last quarter. Institutional investors own 8.42% of the company’s stock.

About BBB Foods

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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.

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Analyst Recommendations for BBB Foods (NYSE:TBBB)

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