BBB Foods (NYSE:TBBB) Reaches New 12-Month High – Still a Buy?

BBB Foods Inc. (NYSE:TBBB)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $40.09 and last traded at $39.22, with a volume of 552400 shares traded. The stock had previously closed at $38.69.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TBBB shares. Itau BBA Securities cut shares of BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 target price for the company. in a report on Thursday, February 12th. Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Morgan Stanley raised BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Finally, Wall Street Zen lowered BBB Foods from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.00.

BBB Foods Stock Performance

The stock’s fifty day simple moving average is $34.68 and its 200-day simple moving average is $30.06. The company has a market capitalization of $4.43 billion, a PE ratio of -46.17 and a beta of -0.14. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21.

BBB Foods (NYSE:TBBB) last posted its earnings results on Wednesday, November 19th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.23). BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. On average, research analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of BBB Foods

Several institutional investors and hedge funds have recently modified their holdings of TBBB. Toth Financial Advisory Corp increased its stake in shares of BBB Foods by 29.0% during the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after purchasing an additional 360 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in BBB Foods by 92.5% in the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 396 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in BBB Foods by 3.5% during the 3rd quarter. J.Safra Asset Management Corp now owns 12,441 shares of the company’s stock valued at $335,000 after buying an additional 423 shares during the last quarter. Verdence Capital Advisors LLC increased its position in BBB Foods by 5.3% during the third quarter. Verdence Capital Advisors LLC now owns 9,579 shares of the company’s stock worth $279,000 after buying an additional 484 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of BBB Foods by 26.1% in the third quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock worth $75,000 after acquiring an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 8.42% of the company’s stock.

About BBB Foods

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.