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

Wall Street Zen cut shares of BBB Foods (NYSE:TBBB) from a hold rating to a sell rating in a research report sent to investors on Saturday.

A number of other research firms have also recently weighed in on TBBB. The Goldman Sachs Group upped their price objective on shares of BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, December 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Zacks Research cut BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.80.

BBB Foods Trading Down 0.2%

Shares of TBBB stock opened at $32.05 on Friday. BBB Foods has a twelve month low of $23.00 and a twelve month high of $35.38. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of -38.16, a PEG ratio of 15.62 and a beta of -0.14. The firm has a 50-day moving average price of $32.47 and a 200 day moving average price of $28.46. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21.

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

Hedge Funds Weigh In On BBB Foods

A number of institutional investors and hedge funds have recently bought and sold shares of TBBB. Wasatch Advisors LP increased its stake in BBB Foods by 314.6% in the second quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock valued at $60,850,000 after purchasing an additional 1,663,338 shares in the last quarter. 3G Capital Partners LP increased its stake in BBB Foods by 328.6% in the 2nd quarter. 3G Capital Partners LP now owns 1,500,000 shares of the company’s stock valued at $41,640,000 after buying an additional 1,150,000 shares during the last quarter. 12 West Capital Management LP lifted its holdings in BBB Foods by 39.8% during the third quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock worth $91,199,000 after acquiring an additional 963,712 shares during the period. Duquesne Family Office LLC boosted its position in BBB Foods by 228.1% in the third quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock worth $31,897,000 after purchasing an additional 822,575 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in BBB Foods by 153.5% in the 2nd quarter. Bank of America Corp DE now owns 599,626 shares of the company’s stock valued at $16,646,000 after purchasing an additional 363,079 shares during the period. Institutional investors and hedge funds own 8.42% of the company’s stock.

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