BBB Foods (NYSE:TBBB) Trading Up 4.1% – Time to Buy?

Shares of BBB Foods Inc. (NYSE:TBBB) were up 4.1% on Thursday . The stock traded as high as $33.14 and last traded at $31.7650. Approximately 684,774 shares were traded during trading, a decline of 4% from the average daily volume of 711,569 shares. The stock had previously closed at $30.50.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TBBB. Wall Street Zen cut shares of BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Zacks Research downgraded shares of BBB Foods from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. JPMorgan Chase & Co. lifted their price target on shares of BBB Foods from $35.50 to $39.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of BBB Foods in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.80.

BBB Foods Trading Up 0.6%

The firm’s fifty day simple moving average is $27.22 and its 200 day simple moving average is $27.05. The stock has a market capitalization of $3.63 billion, a P/E ratio of -37.83 and a beta of -0.03. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.44 and a current ratio of 0.65.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings results on Wednesday, November 19th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. As a group, equities research analysts forecast that BBB Foods Inc. will post 0.15 EPS for the current fiscal year.

Institutional Trading of BBB Foods

Several large investors have recently bought and sold shares of the business. Wasatch Advisors LP lifted its holdings in shares of BBB Foods by 314.6% in the second quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock worth $60,850,000 after acquiring an additional 1,663,338 shares during the last quarter. 3G Capital Partners LP increased its position in BBB Foods by 328.6% during the 2nd quarter. 3G Capital Partners LP now owns 1,500,000 shares of the company’s stock worth $41,640,000 after purchasing an additional 1,150,000 shares in the last quarter. Millennium Management LLC lifted its stake in BBB Foods by 942.8% in the 1st quarter. Millennium Management LLC now owns 1,240,966 shares of the company’s stock valued at $33,109,000 after purchasing an additional 1,121,959 shares during the last quarter. 12 West Capital Management LP lifted its stake in BBB Foods by 39.8% in the 3rd quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock valued at $91,199,000 after purchasing an additional 963,712 shares during the last quarter. Finally, Duquesne Family Office LLC grew its stake in shares of BBB Foods by 228.1% during the third quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock worth $31,897,000 after buying an additional 822,575 shares during the last quarter. 8.42% of the stock is owned by institutional investors and hedge funds.

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.