BBB Foods (NYSE:TBBB) Trading 5% Higher – Still a Buy?

BBB Foods Inc. (NYSE:TBBB) shares traded up 5% during trading on Thursday . The company traded as high as $25.23 and last traded at $25.42. 194,240 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 621,054 shares. The stock had previously closed at $24.20.

Analyst Ratings Changes

Separately, Itau BBA Securities initiated coverage on BBB Foods in a research note on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 price target for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.00.

BBB Foods Price Performance

The business has a 50 day moving average price of $27.78 and a two-hundred day moving average price of $29.76. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72.

Institutional Trading of BBB Foods

Several hedge funds and other institutional investors have recently bought and sold shares of TBBB. Capital Research Global Investors increased its stake in shares of BBB Foods by 37.3% in the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company’s stock worth $150,738,000 after buying an additional 1,448,093 shares during the period. FMR LLC increased its position in shares of BBB Foods by 33.6% in the fourth quarter. FMR LLC now owns 3,494,773 shares of the company’s stock valued at $98,832,000 after acquiring an additional 878,003 shares during the period. Gilder Gagnon Howe & Co. LLC raised its stake in shares of BBB Foods by 3.1% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,853,906 shares of the company’s stock valued at $80,708,000 after acquiring an additional 84,482 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of BBB Foods by 8.8% during the fourth quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company’s stock worth $59,901,000 after purchasing an additional 170,811 shares during the period. Finally, 12 West Capital Management LP bought a new stake in shares of BBB Foods in the fourth quarter worth about $48,544,000. Institutional investors own 8.42% of the company’s stock.

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.