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

BBB Foods Inc. (NYSE:TBBB)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $44.58 and last traded at $43.5290, with a volume of 36281 shares trading hands. The stock had previously closed at $42.85.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TBBB shares. Scotiabank upped their price objective on BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research report on Wednesday, June 24th. Citigroup assumed coverage on shares of BBB Foods in a report on Friday. They set a “buy” rating and a $49.00 price target on the stock. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, JPMorgan Chase & Co. increased their price objective on BBB Foods from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.12.

BBB Foods Stock Performance

The stock’s 50 day moving average price is $40.52 and its 200 day moving average price is $37.49. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.35 and a current ratio of 0.60. The company has a market capitalization of $5.01 billion and a P/E ratio of -27.25.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. boosted its position in shares of 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 purchasing an additional 72,646 shares in the last quarter. Bronte Capital Management Pty Ltd. bought a new stake in BBB Foods in the 4th quarter valued at about $13,161,000. Principal Financial Group Inc. bought a new stake in BBB Foods in the 1st quarter valued at about $65,967,000. Deltec Asset Management LLC raised its stake in BBB Foods by 239.7% during the 4th quarter. Deltec Asset Management LLC now owns 44,500 shares of the company’s stock worth $1,486,000 after buying an additional 31,400 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in BBB Foods by 64.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 371,642 shares of the company’s stock worth $13,145,000 after acquiring an additional 145,412 shares in the last quarter. 8.42% of the stock is owned by institutional investors and hedge funds.

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.