BBB Foods (NYSE:TBBB) Reaches New 1-Year High – Time to Buy?

BBB Foods Inc. (NYSE:TBBB) shares hit a new 52-week high on Tuesday . The company traded as high as $43.80 and last traded at $42.33, with a volume of 1047195 shares trading hands. The stock had previously closed at $42.12.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TBBB shares. Wells Fargo & Company set a $42.00 price target on shares of BBB Foods in a report on Friday, March 13th. UBS Group lifted their price target on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, February 20th. JPMorgan Chase & Co. lifted their price target on shares of BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, April 20th. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and lifted their price target for the company from $38.00 to $47.00 in a report on Wednesday, May 27th. Finally, Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.14.

BBB Foods Stock Performance

The stock’s 50 day moving average price is $37.72 and its 200 day moving average price is $35.72. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76. The firm has a market cap of $5.04 billion, a PE ratio of -27.44 and a beta of 0.03.

BBB Foods (NYSE:TBBB) last issued its earnings results on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. As a group, equities analysts forecast that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barings LLC purchased a new stake in BBB Foods during the 3rd quarter worth $1,959,000. Citigroup Inc. increased its stake in BBB Foods by 108.9% during the 3rd quarter. Citigroup Inc. now owns 281,023 shares of the company’s stock worth $7,576,000 after buying an additional 146,488 shares during the period. DNB Asset Management AS increased its stake in BBB Foods by 60.0% during the 3rd quarter. DNB Asset Management AS now owns 374,275 shares of the company’s stock worth $10,090,000 after buying an additional 140,409 shares during the period. Bronte Capital Management Pty Ltd. purchased a new stake in BBB Foods during the 4th quarter worth $13,161,000. Finally, 3G Capital Partners LP increased its stake in BBB Foods by 6.7% during the 3rd quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock worth $43,136,000 after buying an additional 100,000 shares during the period. Hedge funds and other institutional investors own 8.42% of the company’s stock.

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.