BBB Foods (NYSE:TBBB) Hits New 12-Month High – Time to Buy?

BBB Foods Inc. (NYSE:TBBB) shares hit a new 52-week high on Monday. The stock traded as high as $66.58 and last traded at $66.8140, with a volume of 59,215 shares. The stock had previously closed at $65.62.

Wall Street Analyst Weigh In

TBBB has been the topic of several recent research reports. Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their price objective on BBB Foods from $48.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Scotiabank reaffirmed an “outperform” rating and set a $65.00 price objective on shares of BBB Foods in a research report on Thursday, August 27th. Weiss Ratings upgraded BBB Foods from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, UBS Group lifted their target price on BBB Foods from $58.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $51.88.

BBB Foods Stock Performance

The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of -71.53 and a beta of -0.01. The firm has a fifty day moving average of $54.48 and a 200-day moving average of $42.63.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.53 billion. BBB Foods had a negative return on equity of 36.98% and a negative net margin of 1.94%. As a group, sell-side analysts anticipate that BBB Foods Inc. will post -0.62 EPS for the current year.

Insider Buying and Selling

In other BBB Foods news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total transaction of $388,773.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of BBB Foods

Several institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP grew its position in shares of BBB Foods by 3.4% in the second quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company’s stock valued at $176,659,000 after purchasing an additional 139,649 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of BBB Foods during the 1st quarter worth approximately $65,967,000. Ninety One UK Ltd acquired a new position in shares of BBB Foods during the 3rd quarter worth approximately $59,033,000. Sei Investments Co. raised its position in shares of 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 purchasing an additional 72,646 shares during the last quarter. Finally, Carmignac Gestion raised its position 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 last quarter. Hedge funds and other institutional investors own 8.42% of the company’s stock.

About BBB Foods