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

BBB Foods Inc. (NYSE:TBBB) shares hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $55.91 and last traded at $55.0550, with a volume of 53,339 shares trading hands. The stock had previously closed at $55.59.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings upgraded shares of BBB Foods from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Citigroup reaffirmed a “buy” rating on shares of BBB Foods in a research note on Monday, September 14th. Zacks Research upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. UBS Group upped their price target on shares of BBB Foods from $51.00 to $58.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Scotiabank reissued an “outperform” rating and set a $65.00 price objective on shares of BBB Foods in a research report on Thursday, August 27th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, BBB Foods presently has an average rating of “Moderate Buy” and an average price target of $50.50.

BBB Foods Price Performance

The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.44 and a current ratio of 0.68. The firm’s 50 day moving average price is $50.11 and its two-hundred day moving average price is $42.79.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03). BBB Foods had a negative return on equity of 72.47% and a negative net margin of 3.68%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.42 billion. As a group, sell-side analysts expect that BBB Foods Inc. will post -0.62 EPS for the current fiscal year.

Insider Transactions at BBB Foods

In other BBB Foods news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total value of $388,773.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On BBB Foods

A number of large investors have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new position in shares of BBB Foods during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC bought a new stake in shares of BBB Foods during the 3rd quarter worth approximately $43,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of BBB Foods during the 4th quarter worth approximately $89,000. Toth Financial Advisory Corp acquired a new stake in shares of BBB Foods in the 3rd quarter valued at approximately $142,000. Finally, Royal Bank of Canada boosted its holdings in shares of BBB Foods by 19.6% in the 1st quarter. Royal Bank of Canada now owns 11,415 shares of the company’s stock valued at $404,000 after buying an additional 1,874 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.

About BBB Foods

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. The company serves value-conscious consumers through small-format neighborhood stores focused on convenient locations, a streamlined shopping experience and everyday low prices.

Tiendas 3B stores offer a selection of essential grocery and household products, including packaged foods, beverages, personal-care items, cleaning supplies and other daily necessities. The assortment combines private-label merchandise with branded products, and certain locations also carry fresh or perishable goods.

BBB Foods was established to develop the hard-discount retail model in Mexico and has expanded its store network across the country, primarily in urban and suburban communities.