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

BBB Foods Inc. (NYSE:TBBB)’s stock price gapped down before the market opened 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 traded.

Analyst Ratings Changes

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 price target 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 data from MarketBeat, BBB Foods presently has an average rating of “Hold” and an average price target of $30.75.

BBB Foods Price Performance

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

BBB Foods (NYSE:TBBB) last issued its earnings results on Monday, November 25th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. On average, sell-side analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Verdence Capital Advisors LLC bought a new stake in shares of BBB Foods during the 3rd quarter worth $224,000. Virtu Financial LLC bought a new stake in shares of BBB Foods during the 3rd quarter worth $230,000. Tempus Wealth Planning LLC bought a new stake in shares of BBB Foods during the 4th quarter worth $343,000. SG Americas Securities LLC purchased a new stake in BBB Foods in the 4th quarter worth about $375,000. Finally, XTX Topco Ltd increased its holdings in BBB Foods by 95.9% in the 3rd quarter. XTX Topco Ltd now owns 23,756 shares of the company’s stock worth $713,000 after acquiring an additional 11,632 shares during the last quarter. 8.42% of the stock is owned by hedge funds and other 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.