BBB Foods (NYSE:TBBB) Upgraded at Wall Street Zen

BBB Foods (NYSE:TBBB) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

TBBB has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on shares of BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a report on Monday. Zacks Research upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, The Goldman Sachs Group lifted their price target on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.80.

BBB Foods Stock Up 1.4%

TBBB stock opened at $33.68 on Friday. The company has a market cap of $3.85 billion, a price-to-earnings ratio of -40.09 and a beta of -0.15. BBB Foods has a twelve month low of $23.00 and a twelve month high of $34.92. The business has a 50 day moving average price of $30.14 and a two-hundred day moving average price of $27.51. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data on Wednesday, November 19th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%. Analysts anticipate that BBB Foods will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

Several hedge funds have recently bought and sold shares of the stock. J.Safra Asset Management Corp raised its holdings in BBB Foods by 3.5% in the 3rd quarter. J.Safra Asset Management Corp now owns 12,441 shares of the company’s stock valued at $335,000 after acquiring an additional 423 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of BBB Foods by 5.3% in the third quarter. Verdence Capital Advisors LLC now owns 9,579 shares of the company’s stock worth $279,000 after purchasing an additional 484 shares during the period. Jones Financial Companies Lllp raised its stake in BBB Foods by 26.1% in the third quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock valued at $75,000 after purchasing an additional 593 shares in the last quarter. Blue Trust Inc. lifted its position in BBB Foods by 6.2% during the third quarter. Blue Trust Inc. now owns 11,170 shares of the company’s stock worth $301,000 after purchasing an additional 657 shares during the period. Finally, Orion Porfolio Solutions LLC grew its stake in BBB Foods by 2.9% during the third quarter. Orion Porfolio Solutions LLC now owns 27,163 shares of the company’s stock worth $732,000 after buying an additional 770 shares in the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.