BBB Foods (NYSE:TBBB) Sets New 1-Year High – Should You Buy?

BBB Foods Inc. (NYSE:TBBB) reached a new 52-week high during trading on Wednesday . The company traded as high as $51.70 and last traded at $51.62, with a volume of 766399 shares changing hands. The stock had previously closed at $50.78.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TBBB shares. UBS Group boosted their price target on shares of BBB Foods from $51.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research report on Wednesday, June 24th. Scotiabank reissued an “outperform” rating and issued a $65.00 price objective on shares of BBB Foods in a research note on Thursday, August 27th. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $47.00 in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of BBB Foods from $48.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BBB Foods presently has an average rating of “Moderate Buy” and a consensus target price of $50.50.

BBB Foods Trading Down 1.8%

The stock has a market cap of $5.98 billion, a PE ratio of -31.32 and a beta of 0.05. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.44 and a current ratio of 0.68. The stock has a fifty day moving average price of $44.66 and a 200 day moving average price of $39.80.

BBB Foods (NYSE:TBBB) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.03). The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.42 billion. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. Equities analysts expect that BBB Foods Inc. will post -0.63 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $50.50, for a total value of $384,961.50. Following the sale, the director directly owned 7,623 shares of the company’s stock, valued at $384,961.50. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TBBB. The Manufacturers Life Insurance Company bought a new position in shares of BBB Foods during the second quarter valued at approximately $10,630,000. Cidel Asset Management Inc. bought a new stake in shares of BBB Foods during the 2nd quarter worth approximately $4,931,000. Squarepoint Ops LLC lifted its stake in shares of BBB Foods by 293.9% during the 2nd quarter. Squarepoint Ops LLC now owns 60,342 shares of the company’s stock worth $2,514,000 after acquiring an additional 45,024 shares during the last quarter. Carmignac Gestion boosted its holdings in BBB Foods by 526.5% during the 2nd quarter. Carmignac Gestion now owns 670,106 shares of the company’s stock valued at $27,917,000 after acquiring an additional 563,141 shares during the period. Finally, VELA Investment Management LLC boosted its holdings in BBB Foods by 6.4% during the 2nd quarter. VELA Investment Management LLC now owns 41,600 shares of the company’s stock valued at $1,733,000 after acquiring an additional 2,500 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 is a Mexico-based discount retailer that operates under the Tiendas 3B brand. The company serves consumers through neighborhood stores offering everyday necessities at affordable prices, with a focus on convenience, value and accessible locations.

Tiendas 3B stores sell a range of groceries, household products, personal-care items and other frequently purchased consumer goods. The business emphasizes a hard-discount retail model, including a selection of private-label and branded products, streamlined store formats and cost-conscious operations.

BBB Foods was founded in Mexico and has expanded its store network across the country.