BBB Foods (NYSE:TBBB) Hits New 1-Year High – Here’s Why

BBB Foods Inc. (NYSE:TBBB) reached a new 52-week high during trading on Monday . The company traded as high as $52.26 and last traded at $51.97, with a volume of 43464 shares. The stock had previously closed at $51.35.

Analysts Set New Price Targets

TBBB has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a report on Wednesday, June 24th. Citigroup reissued a “buy” rating on shares of BBB Foods in a research note on Monday, September 14th. UBS Group lifted their target price on shares of BBB Foods from $51.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. increased their price target on BBB Foods from $48.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.50.

BBB Foods Stock 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 company has a market capitalization of $6.09 billion, a P/E ratio of -31.88 and a beta of 0.05. The business’s fifty day simple moving average is $46.21 and its 200-day simple moving average is $40.65.

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

Insider Activity

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total transaction of $388,773.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On BBB Foods

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. purchased a new stake in shares of BBB Foods in the first quarter worth approximately $65,967,000. Wasatch Advisors LP lifted its stake in shares of BBB Foods by 20.3% during the 1st quarter. Wasatch Advisors LP now owns 4,099,825 shares of the company’s stock worth $145,011,000 after acquiring an additional 690,544 shares during the last quarter. Carmignac Gestion boosted its holdings in BBB Foods by 526.5% during the 2nd quarter. Carmignac Gestion now owns 670,106 shares of the company’s stock valued at $27,917,000 after acquiring an additional 563,141 shares during the period. The Manufacturers Life Insurance Company purchased a new position in BBB Foods during the 2nd quarter valued at $10,630,000. Finally, Ancient Art L.P. boosted its holdings in BBB Foods by 183.1% during the 4th quarter. Ancient Art L.P. now owns 391,637 shares of the company’s stock valued at $13,077,000 after acquiring an additional 253,320 shares during the period. Institutional investors own 8.42% of the company’s stock.

About BBB Foods

BBB Foods Inc is a Mexico-based discount retailer that operates under the Tiendas 3B brand. The company serves consumers through neighborhood stores offering everyday necessities at affordable prices, with a focus on convenience, value and accessible locations.

Tiendas 3B stores sell a range of groceries, household products, personal-care items and other frequently purchased consumer goods. The business emphasizes a hard-discount retail model, including a selection of private-label and branded products, streamlined store formats and cost-conscious operations.

BBB Foods was founded in Mexico and has expanded its store network across the country.