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

BBB Foods Inc. (NYSE:TBBB) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $52.26 and last traded at $51.97, with a volume of 43464 shares traded. The stock had previously closed at $51.35.

Analysts Set New Price Targets

A number of brokerages have commented on TBBB. Citigroup restated a “buy” rating on shares of BBB Foods in a research note on Monday, September 14th. JPMorgan Chase & Co. upped their target price on shares of BBB Foods from $48.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Scotiabank reiterated an “outperform” rating and set a $65.00 price target on shares of BBB Foods in a research note on Thursday, August 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a report on Wednesday, June 24th. Finally, HSBC raised BBB Foods from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $38.00 to $47.00 in a report 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $50.50.

BBB Foods Stock Up 2.2%

The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $6.22 billion, a PE ratio of -32.62 and a beta of 0.05. The stock’s fifty day simple moving average is $45.78 and its 200-day simple moving average is $40.42.

BBB Foods (NYSE:TBBB) last announced its earnings results on Wednesday, August 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.03). BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.42 billion. As a group, sell-side analysts forecast that BBB Foods Inc. will post -0.62 EPS for the current fiscal year.

Insider Activity at BBB Foods

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total value of $388,773.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of BBB Foods

A number of hedge funds have recently bought and sold shares of TBBB. The Manufacturers Life Insurance Company purchased a new position in BBB Foods in the second quarter worth $10,630,000. Cidel Asset Management Inc. purchased a new stake in shares of BBB Foods during the 2nd quarter valued at $4,931,000. Squarepoint Ops LLC raised its stake in shares of BBB Foods by 293.9% during the 2nd quarter. Squarepoint Ops LLC now owns 60,342 shares of the company’s stock worth $2,514,000 after purchasing an additional 45,024 shares during the period. Carmignac Gestion raised its stake in shares of BBB Foods by 526.5% during the 2nd quarter. Carmignac Gestion now owns 670,106 shares of the company’s stock worth $27,917,000 after purchasing an additional 563,141 shares during the period. Finally, VELA Investment Management LLC boosted its holdings in shares of BBB Foods by 6.4% in the 2nd quarter. VELA Investment Management LLC now owns 41,600 shares of the company’s stock worth $1,733,000 after buying an additional 2,500 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors.

About BBB Foods

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.