BBB Foods (NYSE:TBBB) Stock Price Up 5% – What’s Next?

BBB Foods Inc. (NYSE:TBBB)’s stock price rose 5% during mid-day 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.

Analyst Upgrades and Downgrades

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

BBB Foods Price Performance

The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54. The company has a 50-day moving average price of $27.97 and a 200 day moving average price of $29.83.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Toronto Dominion Bank acquired a new position in BBB Foods during the 4th quarter valued at about $141,000. Virtu Financial LLC purchased a new stake in shares of BBB Foods in the third quarter worth about $230,000. White Oak Capital Partners Pte. Ltd. purchased a new stake in shares of BBB Foods in the fourth quarter worth about $226,000. J.Safra Asset Management Corp boosted its stake 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 during the last quarter. Finally, Numerai GP LLC purchased a new stake in shares of BBB Foods in the fourth quarter worth about $310,000. 8.42% of the stock is owned by institutional investors.

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.