BBB Foods (NYSE:TBBB) Reaches New 52-Week High – Should You Buy?

BBB Foods Inc. (NYSE:TBBB)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $44.75 and last traded at $46.6790, with a volume of 6926 shares traded. The stock had previously closed at $42.30.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. UBS Group raised shares of BBB Foods from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $43.00 to $51.00 in a report on Tuesday, August 4th. Scotiabank lifted their target price on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Citigroup assumed coverage on shares of BBB Foods in a research note on Friday, July 31st. They issued a “buy” rating and a $49.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.12.

BBB Foods Stock Up 13.2%

The stock has a market capitalization of $5.68 billion and a price-to-earnings ratio of -30.89. The firm has a 50 day simple moving average of $41.17 and a 200-day simple moving average of $37.92. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.60 and a quick ratio of 0.35.

BBB Foods (NYSE:TBBB) last posted its earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.03). BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%.The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.42 billion. On average, sell-side analysts forecast that BBB Foods Inc. will post -0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. increased its holdings in BBB Foods by 10.7% during the 1st quarter. Sei Investments Co. now owns 748,627 shares of the company’s stock valued at $26,479,000 after purchasing an additional 72,646 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of BBB Foods during the first quarter worth $65,967,000. Bronte Capital Management Pty Ltd. bought a new stake in shares of BBB Foods during the fourth quarter worth $13,161,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of 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 valued at $13,145,000 after buying an additional 145,412 shares in the last quarter. Finally, Deltec Asset Management LLC increased its stake in shares of BBB Foods by 239.7% in the fourth quarter. Deltec Asset Management LLC now owns 44,500 shares of the company’s stock valued at $1,486,000 after buying an additional 31,400 shares in the last quarter. 8.42% of the stock is owned by institutional investors and hedge funds.

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.