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

BBB Foods Inc. (NYSE:TBBB) shares were 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 traded hands 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 initiated coverage on BBB Foods in a research report on Wednesday, January 22nd. They issued a “market perform” rating and a $32.00 price target on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, BBB Foods has an average rating of “Hold” and an average price target of $32.00.

BBB Foods Stock Performance

The stock has a 50 day simple moving average of $27.27 and a two-hundred day simple moving average of $29.62. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Alyeska Investment Group L.P. increased its holdings in shares of BBB Foods by 1.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 107,739 shares of the company’s stock valued at $3,047,000 after acquiring an additional 1,655 shares during the period. Voloridge Investment Management LLC grew its position in BBB Foods by 0.6% during the 4th quarter. Voloridge Investment Management LLC now owns 302,119 shares of the company’s stock worth $8,544,000 after purchasing an additional 1,736 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in BBB Foods by 0.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 547,642 shares of the company’s stock worth $15,487,000 after purchasing an additional 1,960 shares during the last quarter. Gabelli Funds LLC increased its stake in BBB Foods by 3.7% in the fourth quarter. Gabelli Funds LLC now owns 56,000 shares of the company’s stock valued at $1,584,000 after purchasing an additional 2,000 shares during the period. Finally, Picton Mahoney Asset Management raised its holdings in shares of BBB Foods by 13.5% in the fourth quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company’s stock valued at $831,000 after buying an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

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.