BBB Foods (NYSE:TBBB) Hits New 1-Year High – What’s Next?

Shares of BBB Foods Inc. (NYSE:TBBB) hit a new 52-week high during mid-day trading 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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TBBB shares. Scotiabank upped their price objective on BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. UBS Group upped their price objective on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. HSBC upgraded BBB Foods from a “hold” rating to a “buy” rating and upped their price objective for the company from $38.00 to $47.00 in a research report on Wednesday, May 27th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research report on Friday, March 27th. Finally, Itau BBA Securities upgraded BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research report on Friday, March 13th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $43.14.

BBB Foods Stock Performance

The stock has a market cap of $5.02 billion, a P/E ratio of -27.31 and a beta of 0.03. The business has a 50 day moving average price of $37.47 and a 200 day moving average price of $35.57. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76.

BBB Foods (NYSE:TBBB) last released 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). The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. As a group, sell-side analysts expect that BBB Foods Inc. will post -0.61 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Carmignac Gestion bought a new position in shares of BBB Foods during the first quarter valued at approximately $3,778,000. Militia Capital Management LLC bought a new position in shares of BBB Foods during the first quarter valued at approximately $1,734,000. Royal Bank of Canada grew its stake in shares of BBB Foods by 19.6% during the first quarter. Royal Bank of Canada now owns 11,415 shares of the company’s stock valued at $404,000 after buying an additional 1,874 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of BBB Foods by 12.4% during the first quarter. Lazard Asset Management LLC now owns 63,744 shares of the company’s stock valued at $2,255,000 after buying an additional 7,032 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of BBB Foods by 10.7% during the first quarter. Sei Investments Co. now owns 748,627 shares of the company’s stock valued at $26,479,000 after buying an additional 72,646 shares during the last quarter. Institutional investors own 8.42% of the company’s stock.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.