Goldman Sachs Initiated Coverage on BBB Foods (TBBB) With a Buy Rating

BBB Foods Inc. (NYSE:TBBB) is one of the 11 Hot New Stocks to Invest in Now. On July 8, Goldman Sachs initiated coverage of BBB Foods Inc. (NYSE:TBBB) with a price target of $29.

The firm noted BBB Foods Inc. (NYSE:TBBB) to be a rare compounder in its Latam Retail coverage universe. Goldman Sachs elaborated that this is also reflected by the company’s current valuation of 91 times its forward earnings.

During the fiscal first quarter of 2025, BBB Foods Inc. (NYSE:TBBB) delivered revenue of $873.81 million, up 14.83% year-over-year and ahead of estimates by $34.29 million. The growth was driven by a 13.5% growth in same-store sales. Notably, the company opened 117 new stores during the quarter to reach 2,889 total stores.

BBB Foods Inc. (NYSE:TBBB) is a Mexican holding company that operates grocery retail stores and distribution centers.

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Disclosure: None. This article is originally published at Insider Monkey.