BBB Foods (NYSE:TBBB) Sees Strong Trading Volume – Time to Buy?

BBB Foods Inc. (NYSE:TBBB) shares saw an uptick in trading volume on Thursday . 2,530,934 shares were traded during mid-day trading, an increase of 221% from the previous session’s volume of 789,636 shares.The stock last traded at $28.35 and had previously closed at $28.57.

Wall Street Analysts Forecast Growth

Separately, Itau BBA Securities began coverage on shares of 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, BBB Foods currently has a consensus rating of “Hold” and a consensus price target of $30.75.

BBB Foods Trading Down 3.4 %

The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The company’s 50 day moving average is $29.61 and its 200 day moving average is $30.18.

BBB Foods (NYSE:TBBB) last released its quarterly earnings results on Monday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. Equities analysts expect that BBB Foods Inc. will post 0.15 EPS for the current fiscal year.

Institutional Trading of BBB Foods

A number of large investors have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of BBB Foods by 23.0% during the third quarter. FMR LLC now owns 2,616,770 shares of the company’s stock worth $78,503,000 after buying an additional 490,100 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in BBB Foods by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock worth $38,239,000 after buying an additional 7,014 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of BBB Foods during the 3rd quarter worth approximately $24,694,000. Quest Partners LLC acquired a new stake in shares of BBB Foods in the 3rd quarter worth approximately $16,899,000. Finally, Zweig DiMenna Associates LLC raised its holdings in BBB Foods by 4.9% during the fourth quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company’s stock worth $11,217,000 after purchasing an additional 18,541 shares during the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

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.