BBB Foods (NYSE:TBBB) Shares Gap Down – What’s Next?

BBB Foods Inc. (NYSE:TBBB)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $31.23, but opened at $29.81. BBB Foods shares last traded at $29.05, with a volume of 316,047 shares changing hands.

Analysts Set New Price Targets

Separately, Itau BBA Securities started coverage on shares of BBB Foods in a research note on Wednesday, January 22nd. They issued a “market perform” rating and a $32.00 price objective for the company. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BBB Foods presently has a consensus rating of “Hold” and an average target price of $30.75.

BBB Foods Stock Down 4.7 %

The business’s 50-day moving average price is $29.68 and its 200 day moving average price is $30.12. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72.

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

Institutional Trading of BBB Foods

Hedge funds have recently made changes to their positions in the stock. Verdence Capital Advisors LLC bought a new position in shares of BBB Foods in the third quarter worth approximately $224,000. Virtu Financial LLC bought a new stake in BBB Foods in the 3rd quarter worth $230,000. Tempus Wealth Planning LLC purchased a new position in shares of BBB Foods in the fourth quarter valued at about $343,000. SG Americas Securities LLC purchased a new position in shares of BBB Foods in the fourth quarter valued at about $375,000. Finally, XTX Topco Ltd raised its stake in shares of BBB Foods by 95.9% during the third quarter. XTX Topco Ltd now owns 23,756 shares of the company’s stock valued at $713,000 after acquiring an additional 11,632 shares during the last quarter. 8.42% of the stock is owned by institutional investors.

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.