BBB Foods (NYSE:TBBB) Sees Unusually-High Trading Volume – Here’s Why

BBB Foods Inc. (NYSE:TBBB) saw strong trading volume on Friday . 2,807,421 shares were traded during trading, an increase of 379% from the previous session’s volume of 586,312 shares.The stock last traded at $35.6350 and had previously closed at $32.73.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and upped their price objective for the stock from $38.00 to $47.00 in a research report on Wednesday. Itau BBA Securities upgraded BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Friday, March 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research report on Friday, March 27th. JPMorgan Chase & Co. boosted their target price on BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Finally, UBS Group boosted their target price on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. 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 company. According to MarketBeat, BBB Foods has a consensus rating of “Hold” and a consensus price target of $43.14.

BBB Foods Stock Up 9.6%

The company has a market capitalization of $4.19 billion, a PE ratio of -23.10 and a beta of 0.02. The firm’s 50-day simple moving average is $36.15 and its 200 day simple moving average is $34.71. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.35 and a current ratio of 0.62.

BBB Foods (NYSE:TBBB) last issued its earnings results on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. BBB Foods had a negative return on equity of 82.15% and a negative net margin of 3.95%. As a group, equities research analysts forecast that BBB Foods Inc. will post -0.61 earnings per share for the current year.

Institutional Investors Weigh In On BBB Foods

Several institutional investors have recently modified their holdings of TBBB. Toth Financial Advisory Corp increased its stake in shares of BBB Foods by 29.0% during the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after purchasing an additional 360 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of BBB Foods by 92.5% during the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 396 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of BBB Foods by 26.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock worth $75,000 after purchasing an additional 593 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of BBB Foods by 2.9% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 27,163 shares of the company’s stock worth $732,000 after purchasing an additional 770 shares in the last quarter. Finally, Savant Capital LLC increased its stake in shares of BBB Foods by 6.7% during the 4th quarter. Savant Capital LLC now owns 12,540 shares of the company’s stock worth $419,000 after purchasing an additional 792 shares in the last quarter. 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.