BBB Foods (NYSE:TBBB) Reaches New 1-Year High – Here’s What Happened

BBB Foods Inc. (NYSE:TBBB)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $40.31 and last traded at $39.9310, with a volume of 43984 shares trading hands. The stock had previously closed at $39.52.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TBBB. Wells Fargo & Company set a $42.00 price objective on BBB Foods in a research report on Friday, March 13th. JPMorgan Chase & Co. upped their target price on BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. UBS Group boosted their price objective on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.14.

BBB Foods Stock Performance

The firm has a market cap of $4.95 billion, a price-to-earnings ratio of -26.96 and a beta of 0.03. The firm’s 50 day moving average is $37.21 and its 200-day moving average is $35.43. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.35 and a current ratio of 0.60.

BBB Foods (NYSE:TBBB) last posted its earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.03). BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Sell-side analysts anticipate that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in BBB Foods by 19.6% during the first quarter. Royal Bank of Canada now owns 11,415 shares of the company’s stock valued at $404,000 after purchasing an additional 1,874 shares during the last quarter. Lazard Asset Management LLC raised its holdings in BBB Foods by 12.4% in the 1st quarter. Lazard Asset Management LLC now owns 63,744 shares of the company’s stock worth $2,255,000 after acquiring an additional 7,032 shares during the period. Sei Investments Co. lifted its position in BBB Foods by 10.7% during the 1st quarter. Sei Investments Co. now owns 748,627 shares of the company’s stock worth $26,479,000 after acquiring an additional 72,646 shares during the last quarter. State of Wyoming boosted its holdings in BBB Foods by 228.4% during the first quarter. State of Wyoming now owns 13,640 shares of the company’s stock valued at $482,000 after acquiring an additional 9,487 shares during the period. Finally, Militia Capital Management LLC acquired a new stake in shares of BBB Foods in the first quarter valued at about $1,734,000. 8.42% of the stock is owned by institutional investors.

BBB Foods Company Profile

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.