BBB Foods (NYSE:TBBB) PT Raised to $31.00 at Bank of America

BBB Foods (NYSE:TBBB) had its price target lifted by stock analysts at Bank of America from $26.00 to $31.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price points to a potential upside of 9.77% from the company’s previous close.

TBBB has been the topic of several other reports. Morgan Stanley started coverage on shares of BBB Foods in a research report on Tuesday, March 5th. They set an “equal weight” rating and a $22.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of BBB Foods in a research report on Wednesday, March 6th. They set an “overweight” rating and a $30.00 target price on the stock. UBS Group lowered shares of BBB Foods from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $26.00 to $27.00 in a research report on Tuesday, April 9th. Finally, Scotiabank began coverage on shares of BBB Foods in a research report on Tuesday, March 12th. They issued a “sector outperform” rating and a $33.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.60.

BBB Foods Stock Performance

NYSE:TBBB opened at $28.24 on Thursday. BBB Foods has a 1-year low of $18.71 and a 1-year high of $28.77. The firm has a fifty day moving average price of $23.16.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. J.Safra Asset Management Corp acquired a new position in BBB Foods in the 1st quarter valued at about $32,000. Hood River Capital Management LLC acquired a new position in BBB Foods in the 1st quarter valued at about $54,000. Sandia Investment Management LP acquired a new position in BBB Foods in the 1st quarter valued at about $594,000. Sei Investments Co. acquired a new position in BBB Foods in the 1st quarter valued at about $711,000. Finally, Gabelli Funds LLC acquired a new position in shares of BBB Foods during the 1st quarter valued at about $975,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

About BBB Foods

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.