BBB Foods Inc. (NYSE:TBBB - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 2,530,934 shares traded hands during mid-day trading, an increase of 221% from the previous session's volume of 789,636 shares.The stock last traded at $28.35 and had previously closed at $28.57.
Wall Street Analysts Forecast Growth
Separately, Itau BBA Securities initiated coverage on BBB Foods in a research note on Wednesday, January 22nd. They set a "market perform" rating and a $32.00 target price for the company. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $30.75.
Read Our Latest Research Report on BBB Foods
BBB Foods Stock 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 stock has a 50 day simple moving average of $29.58 and a two-hundred day simple moving average of $30.22.
BBB Foods (NYSE:TBBB - Get Free Report) last posted its earnings results on Monday, November 25th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.07. As a group, analysts anticipate that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of TBBB. Verdence Capital Advisors LLC purchased a new stake in BBB Foods in the third quarter valued at $224,000. Virtu Financial LLC acquired a new stake in shares of BBB Foods during the third quarter worth about $230,000. J.Safra Asset Management Corp lifted its holdings in shares of BBB Foods by 204.7% in the 4th quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company's stock valued at $293,000 after purchasing an additional 6,895 shares during the last quarter. Tempus Wealth Planning LLC acquired a new stake in shares of BBB Foods in the 4th quarter valued at about $343,000. Finally, SG Americas Securities LLC purchased a new position in BBB Foods during the 4th quarter worth approximately $375,000. Institutional investors and hedge funds own 8.42% of the company's stock.
About BBB Foods
(
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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.
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