BBB Foods (NYSE:TBBB) Shares Up 5% - Time to Buy?

BBB Foods Inc. (NYSE:TBBB - Get Free Report)'s stock price traded up 5% on Thursday . The company traded as high as $25.23 and last traded at $25.42. 194,240 shares were traded during mid-day trading, a decline of 69% from the average session volume of 621,054 shares. The stock had previously closed at $24.20.

Wall Street Analyst Weigh In

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

BBB Foods Stock Up 0.6 %

The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. The company's fifty day moving average is $27.78 and its 200 day moving average is $29.75.

Institutional Investors Weigh In On BBB Foods

Hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank bought a new stake in shares of BBB Foods in the 4th quarter valued at $141,000. White Oak Capital Partners Pte. Ltd. bought a new position in BBB Foods during the fourth quarter worth about $226,000. Virtu Financial LLC bought a new position in 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 fourth quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company's stock worth $293,000 after buying an additional 6,895 shares in the last quarter. Finally, Numerai GP LLC purchased a new stake in BBB Foods in the fourth quarter valued at approximately $310,000. 8.42% of the stock is currently owned by institutional investors and hedge funds.

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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.