BBB Foods (NYSE:TBBB) Downgraded to Sell Rating by Wall Street Zen

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

Other analysts have also issued research reports about the stock. The Goldman Sachs Group lifted their price target on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, December 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. Zacks Research downgraded shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Morgan Stanley upgraded shares of BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company set a $42.00 price target on shares of BBB Foods in a research report on Friday, March 13th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell 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 $39.50.

BBB Foods Trading Up 1.1%

Shares of TBBB opened at $34.33 on Friday. BBB Foods has a one year low of $23.81 and a one year high of $40.09. The stock has a 50-day moving average price of $35.35 and a 200 day moving average price of $31.71. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.35 and a current ratio of 0.62. The company has a market capitalization of $3.92 billion, a P/E ratio of -26.01 and a beta of -0.16.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.22). The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. BBB Foods had a negative return on equity of 70.80% and a negative net margin of 3.72%. Sell-side analysts forecast that BBB Foods will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On BBB Foods

Large investors have recently added to or reduced their stakes in the company. Toth Financial Advisory Corp increased its stake in BBB Foods by 29.0% during the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after purchasing an additional 360 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of BBB Foods by 92.5% in the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after buying an additional 396 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of 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 buying an additional 423 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of BBB Foods by 5.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,579 shares of the company’s stock valued at $279,000 after buying an additional 484 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of BBB Foods by 26.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock valued at $75,000 after buying an additional 593 shares during the last quarter. 8.42% of the stock is currently 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.