BBB Foods (NYSE:TBBB) Stock Price Up 4.1% – Here’s Why

BBB Foods Inc. (NYSE:TBBB) shares rose 4.1% on Thursday . The stock traded as high as $33.14 and last traded at $31.7650. Approximately 684,774 shares changed hands during trading, a decline of 4% from the average daily volume of 711,569 shares. The stock had previously closed at $30.50.

Analyst Ratings Changes

A number of research firms have issued reports on TBBB. Weiss Ratings restated a “sell (d)” rating on shares of BBB Foods in a research note on Wednesday, October 8th. Zacks Research lowered shares of BBB Foods from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. JPMorgan Chase & Co. raised their price objective on BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Wall Street Zen downgraded shares of BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $34.80.

BBB Foods Stock Up 4.3%

The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -394.88 and a beta of -0.03. The business’s 50 day moving average is $27.02 and its 200-day moving average is $27.02. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.44 and a current ratio of 0.69.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings results on Wednesday, November 19th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. BBB Foods had a negative net margin of 0.19% and a negative return on equity of 3.07%. On average, sell-side analysts predict that BBB Foods Inc. will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. acquired a new position in BBB Foods in the 2nd quarter valued at about $25,000. Banque Transatlantique SA purchased a new stake in shares of BBB Foods during the first quarter worth about $25,000. Larson Financial Group LLC raised its holdings in BBB Foods by 547.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after acquiring an additional 893 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in BBB Foods in the 3rd quarter worth about $33,000. Finally, AdvisorNet Financial Inc purchased a new stake in BBB Foods in the second quarter valued at approximately $37,000. Hedge funds and other 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.