BBB Foods (NYSE:TBBB) Trading Up 5% - Here's Why

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

Wall Street Analysts Forecast Growth

Separately, Itau BBA Securities initiated coverage on BBB Foods in a report on Wednesday, January 22nd. They set a "market perform" rating and a $32.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $32.00.

BBB Foods Trading Up 1.9 %

The company has a 50 day moving average of $27.78 and a 200-day moving average of $29.76. 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank acquired a new stake in BBB Foods during the fourth quarter worth about $141,000. Virtu Financial LLC acquired a new stake in shares of BBB Foods during the 3rd quarter worth approximately $230,000. White Oak Capital Partners Pte. Ltd. bought a new stake in shares of BBB Foods in the 4th quarter worth approximately $226,000. J.Safra Asset Management Corp boosted its position in BBB Foods by 204.7% during 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 bought a new position in BBB Foods during the 4th quarter worth $310,000. 8.42% of the stock is owned by institutional investors and hedge funds.

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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.