BBB Foods (NYSE:TBBB) Sets New 12-Month High - Here's Why

Key Points

• BBB Foods reached a new 52-week high, trading at $66.81 after a previous close of $65.62.
• Analyst sentiment is moderately positive: seven analysts rate the stock Buy and three Hold, with an average price target of $51.88. JPMorgan raised its target to $67 and assigned an Overweight rating.
• The company beat quarterly estimates, reporting EPS of $0.01 versus expectations of a $0.10 loss and revenue of $1.57 billion versus a $1.53 billion consensus.

BBB Foods Inc. (NYSE:TBBB - Get Free Report) hit a new 52-week high during mid-day trading on Monday. The company traded as high as $66.58 and last traded at $66.8140, with a volume of 59,215 shares changing hands. The stock had previously closed at $65.62.

Analysts Set New Price Targets

TBBB has been the subject of a number of research reports. Zacks Research raised BBB Foods from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. JPMorgan Chase & Co. raised their target price on BBB Foods from $48.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, September 10th. Citigroup reaffirmed a "buy" rating on shares of BBB Foods in a research report on Monday, September 14th. Weiss Ratings raised shares of BBB Foods from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Finally, Scotiabank restated an "outperform" rating and issued a $65.00 price objective on shares of BBB Foods in a report on Thursday, August 27th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, BBB Foods has a consensus rating of "Moderate Buy" and an average price target of $51.88.

BBB Foods Price Performance

The stock has a fifty day simple moving average of $54.48 and a 200-day simple moving average of $42.63. The company has a market capitalization of $7.98 billion, a PE ratio of -71.53 and a beta of -0.01. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 2.09.

BBB Foods (NYSE:TBBB - Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.11. BBB Foods had a negative return on equity of 36.98% and a negative net margin of 1.94%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.53 billion. Equities analysts anticipate that BBB Foods Inc. will post -0.62 earnings per share for the current year.

Insider Buying and Selling

In other BBB Foods news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total value of $388,773.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. acquired a new position in shares of BBB Foods in the 1st quarter valued at $65,967,000. Ninety One UK Ltd purchased a new stake in BBB Foods in the 3rd quarter valued at $59,033,000. Carmignac Gestion boosted its stake in BBB Foods by 526.5% during the 2nd quarter. Carmignac Gestion now owns 670,106 shares of the company's stock worth $27,917,000 after purchasing an additional 563,141 shares during the period. Ninety One North America Inc. acquired a new stake in BBB Foods during the 3rd quarter worth $17,591,000. Finally, William Blair Investment Management LLC acquired a new stake in BBB Foods during the 3rd quarter worth $15,718,000. Institutional investors and hedge funds own 8.42% of the company's stock.

About BBB Foods

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