BBB Foods (NYSE:TBBB) Trading 3.9% Higher – Should You Buy?

BBB Foods Inc. (NYSE:TBBB) shares traded up 3.9% on Tuesday . The stock traded as high as $32.97 and last traded at $32.97. 31,102 shares traded hands during trading, a decline of 96% from the average session volume of 794,190 shares. The stock had previously closed at $31.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of BBB Foods in a research note on Monday, September 9th. They set a “hold” rating and a $33.00 target price for the company. JPMorgan Chase & Co. raised their price objective on shares of BBB Foods from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Hsbc Global Res upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, August 23rd. Finally, HSBC upgraded shares of BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 price objective for the company in a research report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.57.

BBB Foods Price Performance

The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.79. The stock’s 50 day moving average price is $30.00 and its two-hundred day moving average price is $26.11.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. The company had revenue of $788.28 million during the quarter, compared to analyst estimates of $708.69 million. As a group, sell-side analysts expect that BBB Foods Inc. will post 0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BBB Foods

Several hedge funds and other institutional investors have recently made changes to their positions in TBBB. J.Safra Asset Management Corp bought a new stake in shares of BBB Foods in the 1st quarter worth about $32,000. Hood River Capital Management LLC acquired a new position in BBB Foods during the 1st quarter valued at about $54,000. National Bank of Canada FI acquired a new stake in shares of BBB Foods in the 2nd quarter worth approximately $103,000. Federated Hermes Inc. acquired a new stake in shares of BBB Foods in the 2nd quarter worth approximately $143,000. Finally, Quent Capital LLC acquired a new stake in shares of BBB Foods in the 2nd quarter worth approximately $167,000. 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.