BBB Foods (NYSE:TBBB) Hits New 52-Week High - Here's Why

Key Points

• BBB Foods shares reached a new 52-week high of $51.70 and recently traded at $51.62, up 1.7%, giving the company a market capitalization of approximately $6.12 billion.
• Analyst sentiment is generally positive, with a “Moderate Buy” consensus and an average price target of $48.12. UBS recently raised its target to $58, although the stock is already trading above the consensus target.
• The company exceeded quarterly revenue expectations with $1.49 billion, but missed on earnings per share at negative $0.19 versus an expected negative $0.16; BBB Foods also reported negative margins and return on equity.

BBB Foods Inc. (NYSE:TBBB - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $51.70 and last traded at $51.62, with a volume of 766399 shares traded. The stock had previously closed at $50.78.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen raised BBB Foods from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. Weiss Ratings reissued a "sell (d+)" rating on shares of BBB Foods in a report on Wednesday, June 24th. Citigroup started coverage on shares of BBB Foods in a research note on Friday, July 31st. They issued a "buy" rating and a $49.00 target price on the stock. UBS Group raised their price target on shares of BBB Foods from $51.00 to $58.00 and gave the company a "buy" rating in a report on Friday, August 28th. Finally, Zacks Research raised shares of BBB Foods from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, BBB Foods presently has an average rating of "Moderate Buy" and an average price target of $48.12.

BBB Foods Stock Up 1.7%

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's 50 day moving average price is $44.27 and its 200-day moving average price is $39.61. The company has a market cap of $6.12 billion, a PE ratio of -32.06 and a beta of 0.05.

BBB Foods (NYSE:TBBB - Get Free Report) last posted 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). BBB Foods had a negative return on equity of 72.47% and a negative net margin of 3.68%.The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.42 billion. On average, analysts predict that BBB Foods Inc. will post -0.63 earnings per share for the current year.

Insider Buying and Selling at BBB Foods

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $50.50, for a total value of $384,961.50. Following the transaction, the director owned 7,623 shares in the company, valued at approximately $384,961.50. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of BBB Foods

Large investors have recently modified their holdings of the business. Orbis Allan Gray Ltd purchased a new position in shares of BBB Foods during the fourth quarter valued at approximately $109,810,000. Principal Financial Group Inc. purchased a new position in BBB Foods during the 1st quarter valued at about $65,967,000. Wasatch Advisors LP lifted its position in BBB Foods by 314.6% during the 2nd quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company's stock valued at $60,850,000 after acquiring an additional 1,663,338 shares during the period. Duquesne Family Office LLC boosted its stake in BBB Foods by 228.1% during the third quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company's stock worth $31,897,000 after acquiring an additional 822,575 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in BBB Foods by 296.5% during the fourth quarter. Millennium Management LLC now owns 778,613 shares of the company's stock worth $25,998,000 after acquiring an additional 582,262 shares in the last quarter. 8.42% of the stock is owned by institutional investors.

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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