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

BBB Foods Inc. (NYSE:TBBBGet Free Report)’s share price 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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup reissued a “buy” rating on shares of BBB Foods in a research report on Monday, September 14th. Scotiabank restated an “outperform” rating and issued a $65.00 price target on shares of BBB Foods in a research report on Thursday, August 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research note on Wednesday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of BBB Foods from $48.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. Finally, HSBC raised shares of BBB Foods from a “hold” rating to a “buy” rating and lifted their target price for the stock from $38.00 to $47.00 in a research note on Wednesday, May 27th. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

View Our Latest Analysis on BBB Foods

BBB Foods Stock Up 2.2%

The firm has a 50 day moving average of $45.78 and a 200 day moving average of $40.42. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of -32.62 and a beta of 0.05. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 2.16.

BBB Foods (NYSE:TBBBGet Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.03). The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.42 billion. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. As a group, sell-side analysts predict that BBB Foods Inc. will post -0.62 earnings per share for the current year.

Insider Buying and Selling at BBB Foods

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total value of $388,773.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On BBB Foods

Several hedge funds and other institutional investors have recently bought and sold shares of TBBB. Sei Investments Co. raised its stake in 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 buying an additional 72,646 shares during the period. Principal Financial Group Inc. bought a new position in BBB Foods in the first quarter worth approximately $65,967,000. Carmignac Gestion acquired a new stake in BBB Foods in the first quarter valued at approximately $3,778,000. Wasatch Advisors LP increased its holdings in shares of BBB Foods by 3.4% during the second quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company’s stock valued at $176,659,000 after acquiring an additional 139,649 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of BBB Foods during the second quarter valued at approximately $10,630,000. 8.42% of the stock is owned by institutional investors.

BBB Foods Company Profile

(Get Free Report)

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.

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