JP Morgan Maintains Overweight on BBB Foods, Raises Price Target to $67
JP Morgan analyst Joseph Giordano maintains BBB Foods (NYSE:TBBB) with a Overweight and raises the price target from $48 to $67.
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BBB Foods (NYSE:TBBB) reported second-quarter financial results on Thursday. The transcript from the company's second-quarter earnings call has been provided below. This content is powered by Benzinga APIs. For
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JP Morgan analyst Joseph Giordano maintains BBB Foods (NYSE:TBBB) with a Overweight and raises the price target from $48 to $67.
BBB Foods director Sami Gabriel Khouri sold 14,101 shares (~$573,500) on August 7 to cover tax withholding from exercised stock options. The sale is non-discretionary and carries no investment signal. Meanwhile, BBB Foods reported strong Q2 results with 39% revenue growth to 26 billion pesos, 20% same-store sales lift, and 155 net new store openings. Despite a reported net loss (driven by non-cash charges), operating cash flow surged, and the company is funding aggressive expansion without increasing debt.
BBB Foods (TBBB), a Mexican grocery chain operating Tiendas 3B stores, is rapidly expanding with a business model similar to Trader Joe's and Aldi. The company reported 20% same-store sales growth in Q2 2026, reaching 3,624 stores with plans to quadruple its footprint. The stock has nearly tripled since its 2024 IPO, with a fair price-to-sales ratio of 1.