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

BBB Foods Inc. (NYSE:TBBB)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $40.09 and last traded at $39.22, with a volume of 552400 shares traded. The stock had previously closed at $38.69.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TBBB shares. The Goldman Sachs Group upped their target price on shares of BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. Itau BBA Securities lowered BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 target price for the company. in a research note on Thursday, February 12th. Morgan Stanley raised shares of BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BBB Foods presently has an average rating of “Hold” and a consensus target price of $37.00.

BBB Foods Trading Up 0.4%

The business’s 50-day simple moving average is $34.68 and its two-hundred day simple moving average is $30.06. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $4.43 billion, a PE ratio of -46.17 and a beta of -0.14.

BBB Foods (NYSE:TBBB) last announced its earnings results on Wednesday, November 19th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%.The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. On average, analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On BBB Foods

Several institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC grew its position in shares of BBB Foods by 296.5% during the fourth quarter. Millennium Management LLC now owns 778,613 shares of the company’s stock worth $25,998,000 after buying an additional 582,262 shares in the last quarter. Engle Capital Management L.P. boosted its stake in BBB Foods by 1.8% during the 4th quarter. Engle Capital Management L.P. now owns 750,000 shares of the company’s stock valued at $25,042,000 after acquiring an additional 13,231 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in BBB Foods by 18.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 20,439 shares of the company’s stock worth $682,000 after acquiring an additional 3,113 shares in the last quarter. Abdiel Capital Advisors LP increased its position in shares of BBB Foods by 19.8% in the 4th quarter. Abdiel Capital Advisors LP now owns 48,420 shares of the company’s stock worth $1,617,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Ancient Art L.P. raised its stake in shares of BBB Foods by 183.1% in the 4th quarter. Ancient Art L.P. now owns 391,637 shares of the company’s stock valued at $13,077,000 after purchasing an additional 253,320 shares in the last quarter. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

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.