BBB Foods (NYSE:TBBB) Shares Gap Up - Should You Buy?

BBB Foods Inc. (NYSE:TBBB - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $28.86, but opened at $30.12. BBB Foods shares last traded at $29.18, with a volume of 33,821 shares.

Wall Street Analyst Weigh In

TBBB has been the topic of a number of recent analyst reports. UBS Group upped their target price on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday. Scotiabank set a $37.00 price objective on BBB Foods and gave the company an "outperform" rating in a report on Friday, April 11th. Finally, Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 target price for the company in a report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $34.00.

BBB Foods Price Performance

The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The firm has a market capitalization of $3.13 billion, a P/E ratio of 124.45 and a beta of 0.17. The company has a 50-day moving average price of $28.45 and a 200-day moving average price of $28.56.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The firm had revenue of $838.41 million during the quarter, compared to the consensus estimate of $836.80 million. On average, sell-side analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On BBB Foods

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital Research Global Investors lifted its stake in BBB Foods by 37.3% during the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company's stock worth $150,738,000 after purchasing an additional 1,448,093 shares during the last quarter. FMR LLC grew its holdings in BBB Foods by 33.6% during the 4th quarter. FMR LLC now owns 3,494,773 shares of the company's stock worth $98,832,000 after acquiring an additional 878,003 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its position in shares of BBB Foods by 3.1% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,853,906 shares of the company's stock worth $80,708,000 after purchasing an additional 84,482 shares in the last quarter. 12 West Capital Management LP boosted its position in shares of BBB Foods by 33.4% during the 1st quarter. 12 West Capital Management LP now owns 2,289,058 shares of the company's stock worth $61,072,000 after purchasing an additional 572,500 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of BBB Foods by 8.8% during the 4th quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company's stock worth $59,901,000 after purchasing an additional 170,811 shares in 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.