BBB Foods (NYSE:TBBB) Hits New 12-Month High - What's Next?

Key Points

• BBB Foods shares reached a new 52-week high, trading as high as $44.75 and last changing hands at $46.6790, up from a previous close of $42.30. The stock is up 13.2%, with a market capitalization of approximately $5.68 billion.
• Analyst sentiment has improved, with UBS and HSBC upgrading the stock to “buy” and Scotiabank maintaining an “outperform” rating. BBB Foods has a consensus “Moderate Buy” rating and an average price target of $45.12.
• The company beat revenue expectations with quarterly sales of $1.49 billion versus $1.42 billion estimated, but missed on earnings, reporting a loss of $0.19 per share. BBB Foods remains unprofitable, with a negative net margin and analysts forecasting a full-year loss of $0.61 per share.

BBB Foods Inc. (NYSE:TBBB - Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $44.75 and last traded at $46.6790, with a volume of 6926 shares. The stock had previously closed at $42.30.

Analysts Set New Price Targets

TBBB has been the subject of several analyst reports. UBS Group raised shares of BBB Foods from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $43.00 to $51.00 in a research note on Tuesday, August 4th. Scotiabank increased their target price on shares of BBB Foods from $37.00 to $48.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 5th. Zacks Research upgraded BBB Foods from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Wall Street Zen raised BBB Foods from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, HSBC upgraded BBB Foods from a "hold" rating to a "buy" rating and upped their price target for the stock from $38.00 to $47.00 in a research note on Wednesday, May 27th. One 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.12.

BBB Foods Stock Up 13.2%

The stock has a market cap of $5.68 billion and a P/E ratio of -30.89. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76. The firm's fifty day moving average is $41.17 and its 200 day moving average is $37.92.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.03). The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.42 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. As a group, equities research analysts forecast that BBB Foods Inc. will post -0.61 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TBBB. Sei Investments Co. raised its position 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. Principal Financial Group Inc. acquired a new stake in BBB Foods during the first quarter worth about $65,967,000. Bronte Capital Management Pty Ltd. bought a new position in BBB Foods during the fourth quarter valued at about $13,161,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in BBB Foods by 64.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 371,642 shares of the company's stock valued at $13,145,000 after acquiring an additional 145,412 shares during the period. Finally, Deltec Asset Management LLC increased its stake in BBB Foods by 239.7% during the fourth quarter. Deltec Asset Management LLC now owns 44,500 shares of the company's stock valued at $1,486,000 after acquiring an additional 31,400 shares during the period. 8.42% of the stock is currently owned by institutional investors and hedge funds.

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.

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