BBB Foods (NYSE:TBBB) Cut to “Sell” at Wall Street Zen

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

Other analysts also recently issued reports about the company. Morgan Stanley upgraded BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. UBS Group lifted their target price on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Itau BBA Securities raised shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Friday, March 13th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. Finally, Wells Fargo & Company set a $42.00 price target on shares of BBB Foods in a research report on Friday, March 13th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.50.

BBB Foods Trading Up 0.3%

Shares of TBBB stock opened at $34.40 on Friday. BBB Foods has a 12-month low of $23.81 and a 12-month high of $40.09. The company has a market capitalization of $3.93 billion, a PE ratio of -26.06 and a beta of -0.16. The firm has a 50 day moving average price of $35.40 and a two-hundred day moving average price of $31.84. The company has a quick ratio of 0.35, a current ratio of 0.62 and a debt-to-equity ratio of 2.61.

BBB Foods (NYSE:TBBB) last posted its earnings results on Wednesday, March 11th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.22). The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. BBB Foods had a negative net margin of 3.72% and a negative return on equity of 70.80%. As a group, analysts predict that BBB Foods will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On BBB Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in shares of BBB Foods by 92.5% during the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 396 shares during the period. Osaic Holdings Inc. bought a new position in shares of BBB Foods in the second quarter worth $25,000. Larson Financial Group LLC increased its position in shares of BBB Foods by 547.9% in the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after purchasing an additional 893 shares during the period. Smartleaf Asset Management LLC acquired a new position in BBB Foods in the fourth quarter valued at about $39,000. Finally, Toth Financial Advisory Corp acquired a new position in BBB Foods in the third quarter valued at about $33,000. 8.42% of the stock is 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.