BBB Foods (NYSE:TBBB) Stock Price Up 5% – Should You Buy?

BBB Foods Inc. (NYSE:TBBB) shares traded up 5% during mid-day trading on Wednesday . The stock traded as high as $31.60 and last traded at $31.73. 29,131 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 642,654 shares. The stock had previously closed at $30.21.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities started coverage on shares of BBB Foods in a report on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.75.

BBB Foods Stock Up 2.5 %

The stock has a fifty day moving average of $29.80 and a 200-day moving average of $30.02. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. On average, research analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current year.

Institutional Trading of BBB Foods

A number of hedge funds and other institutional investors have recently modified their holdings of TBBB. JPMorgan Chase & Co. boosted its position in BBB Foods by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock valued at $38,239,000 after purchasing an additional 7,014 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of BBB Foods during the 3rd quarter worth approximately $224,000. Virtu Financial LLC acquired a new stake in shares of BBB Foods in the 3rd quarter valued at approximately $230,000. XTX Topco Ltd grew its stake in shares of BBB Foods by 95.9% in the third quarter. XTX Topco Ltd now owns 23,756 shares of the company’s stock valued at $713,000 after buying an additional 11,632 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in BBB Foods by 29.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 51,664 shares of the company’s stock worth $1,550,000 after buying an additional 11,663 shares during the last quarter. Institutional investors and hedge funds 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.