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

BBB Foods Inc. (NYSE:TBBB) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $51.70 and last traded at $51.62, with a volume of 766399 shares traded. The stock had previously closed at $50.78.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TBBB shares. UBS Group boosted their target price on BBB Foods from $51.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a report on Wednesday, June 24th. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their price target on shares of BBB Foods from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned 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, BBB Foods presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.12.

BBB Foods Price Performance

The firm has a market capitalization of $6.12 billion, a P/E ratio of -32.06 and a beta of 0.05. 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 has a 50-day moving average of $44.27 and a 200-day moving average of $39.61.

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). 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, analysts predict that BBB Foods Inc. will post -0.63 EPS for the current year.

Insider Activity at BBB Foods

In related news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $50.50, for a total value of $384,961.50. Following the completion of the sale, the director directly owned 7,623 shares in the company, valued at approximately $384,961.50. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On BBB Foods

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. purchased a new stake in shares of BBB Foods during the 2nd quarter valued at about $25,000. Larson Financial Group LLC lifted its position in BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after purchasing an additional 893 shares during the period. Smartleaf Asset Management LLC bought a new position in BBB Foods during the fourth quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd purchased a new stake in BBB Foods in the fourth quarter worth approximately $89,000. Finally, Global Retirement Partners LLC purchased a new stake in BBB Foods in the fourth quarter worth approximately $136,000. Institutional investors own 8.42% of the company’s stock.

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.