BBB Foods Inc. (NYSE:TBBB - Get Free Report) shares were up 3.9% during mid-day trading on Tuesday . The company traded as high as $32.97 and last traded at $32.97. Approximately 31,102 shares changed hands during trading, a decline of 96% from the average daily volume of 794,190 shares. The stock had previously closed at $31.74.
Analysts Set New Price Targets
Several brokerages have commented on TBBB. Hsbc Global Res upgraded BBB Foods from a "strong sell" rating to a "hold" rating in a research note on Friday, August 23rd. Jefferies Financial Group started coverage on shares of BBB Foods in a research note on Monday, September 9th. They set a "hold" rating and a $33.00 price objective for the company. HSBC upgraded shares of BBB Foods from a "reduce" rating to a "hold" rating and set a $31.00 target price on the stock in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of BBB Foods from $30.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $30.57.
Check Out Our Latest Stock Report on TBBB
BBB Foods Stock Performance
The stock's fifty day moving average price is $30.17 and its 200 day moving average price is $26.17. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.85.
BBB Foods (NYSE:TBBB - Get Free Report) last announced its earnings results on Wednesday, August 21st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.15. The company had revenue of $788.28 million during the quarter, compared to analysts' expectations of $708.69 million. Research analysts expect that BBB Foods Inc. will post 0.14 EPS for the current fiscal year.
Hedge Funds Weigh In On BBB Foods
Several institutional investors have recently modified their holdings of TBBB. J.Safra Asset Management Corp purchased a new stake in BBB Foods in the first quarter worth approximately $32,000. Hood River Capital Management LLC purchased a new stake in shares of BBB Foods in the 1st quarter valued at $54,000. National Bank of Canada FI purchased a new stake in shares of BBB Foods in the 2nd quarter valued at $103,000. Engle Capital Management L.P. grew its holdings in shares of BBB Foods by 0.7% during the 2nd quarter. Engle Capital Management L.P. now owns 720,000 shares of the company's stock valued at $17,179,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new position in BBB Foods in the 2nd quarter worth $143,000. 8.42% of the stock is currently owned by institutional investors.
BBB Foods Company Profile
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Get Free Report)
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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