BBB Foods (NYSE:TBBB) Stock Rating Lowered by Zacks Research

BBB Foods (NYSE:TBBB) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Several other analysts have also commented on the stock. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. The Goldman Sachs Group raised their price target on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Finally, JPMorgan Chase & Co. boosted their price target on BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.80.

BBB Foods Trading Down 1.1%

Shares of TBBB stock opened at $34.06 on Wednesday. The stock has a market cap of $3.89 billion, a P/E ratio of -40.55 and a beta of -0.14. 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 has a fifty-two week low of $23.00 and a fifty-two week high of $35.38. The business has a fifty day simple moving average of $31.85 and a 200-day simple moving average of $28.24.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Harbour Capital Advisors LLC lifted its stake in shares of BBB Foods by 20.8% during the 4th quarter. Harbour Capital Advisors LLC now owns 18,550 shares of the company’s stock worth $638,000 after purchasing an additional 3,200 shares during the period. Wasatch Advisors LP increased its stake in BBB Foods by 23.8% in the third quarter. Wasatch Advisors LP now owns 2,712,916 shares of the company’s stock valued at $73,140,000 after purchasing an additional 520,904 shares during the last quarter. Verition Fund Management LLC lifted its position in BBB Foods by 25.5% during the third quarter. Verition Fund Management LLC now owns 36,146 shares of the company’s stock worth $974,000 after buying an additional 7,345 shares during the period. Larson Financial Group LLC boosted its stake in BBB Foods by 547.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after buying an additional 893 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in BBB Foods in the 3rd quarter worth about $430,000. 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.