BBB Foods (NYSE:TBBB) Shares Gap Down - Time to Sell?

Shares of BBB Foods Inc. (NYSE:TBBB - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $31.23, but opened at $29.81. BBB Foods shares last traded at $29.05, with a volume of 316,047 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Itau BBA Securities initiated coverage on shares of BBB Foods in a research note on Wednesday, January 22nd. They issued a "market perform" rating and a $32.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $30.75.

BBB Foods Price Performance

The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The business's 50 day simple moving average is $29.60 and its two-hundred day simple moving average is $30.15.

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

Hedge Funds Weigh In On BBB Foods

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of BBB Foods during the 4th quarter valued at about $375,000. BNP Paribas Financial Markets grew its position in BBB Foods by 196.1% during 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. Tempus Wealth Planning LLC purchased a new stake in BBB Foods during the fourth quarter valued at approximately $343,000. Zweig DiMenna Associates LLC raised its position in BBB Foods by 4.9% in the fourth quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock worth $11,217,000 after acquiring an additional 18,541 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of BBB Foods by 13.6% during the 3rd quarter. Van ECK Associates Corp now owns 207,878 shares of the company's stock worth $6,727,000 after acquiring an additional 24,963 shares during the last quarter. 8.42% of the stock is owned by institutional investors.

About BBB Foods

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.