BBB Foods (NYSE:TBBB) Trading 5% Higher – What’s Next?

BBB Foods Inc. (NYSE:TBBB) shares rose 5% during trading on Wednesday . The stock traded as high as $31.60 and last traded at $31.73. Approximately 29,131 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 642,654 shares. The stock had previously closed at $30.21.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities began coverage on BBB Foods in a research report on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 price target on the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.75.

BBB Foods Price Performance

The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. The business’s fifty day moving average is $29.80 and its two-hundred day moving average is $30.02.

BBB Foods (NYSE:TBBB) last released its earnings results on Monday, November 25th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.03 by $0.07. Equities analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

Several institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in BBB Foods by 196.1% in the third quarter. BNP Paribas Financial Markets now owns 219,045 shares of the company’s stock valued at $6,571,000 after buying an additional 145,056 shares during the period. Zweig DiMenna Associates LLC increased its stake in shares of BBB Foods by 4.9% in the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company’s stock valued at $11,217,000 after acquiring an additional 18,541 shares during the last quarter. Van ECK Associates Corp raised its position in shares of BBB Foods by 13.6% in the 3rd quarter. Van ECK Associates Corp now owns 207,878 shares of the company’s stock valued at $6,727,000 after acquiring an additional 24,963 shares during the period. FMR LLC boosted its stake in BBB Foods by 23.0% during the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company’s stock worth $78,503,000 after acquiring an additional 490,100 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in BBB Foods during the third quarter valued at approximately $827,000. 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.