BBB Foods (NYSE:TBBB) Stock Price Up 3.4% - Should You Buy?

BBB Foods Inc. (NYSE:TBBB - Get Free Report)'s share price was up 3.4% during trading on Thursday . The stock traded as high as $28.25 and last traded at $28.19. Approximately 447,656 shares were traded during trading, a decline of 47% from the average daily volume of 838,435 shares. The stock had previously closed at $27.25.

Wall Street Analyst Weigh In

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

BBB Foods Stock Up 0.4 %

The business has a fifty day moving average of $26.76 and a 200 day moving average of $29.42. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79.

Institutional Investors Weigh In On BBB Foods

Several institutional investors and hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank bought a new position in BBB Foods in the fourth quarter worth about $141,000. White Oak Capital Partners Pte. Ltd. purchased a new position in shares of BBB Foods during the 4th quarter worth approximately $226,000. Virtu Financial LLC bought a new position in shares of BBB Foods in the 3rd quarter worth approximately $230,000. J.Safra Asset Management Corp lifted its stake 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 period. Finally, Numerai GP LLC purchased a new position in shares of BBB Foods in the 4th quarter valued at approximately $310,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

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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.