Insider Selling: BBB Foods (NYSE:TBBB) Director Sells 7,623 Shares of Stock

BBB Foods Inc. (NYSE:TBBB) Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total transaction of $388,773.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sapire Rose Nicole Domin Reich also recently made the following trade(s):

• On Wednesday, September 2nd, Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock. The stock was sold at an average price of $50.50, for a total transaction of $384,961.50.

BBB Foods Trading Down 1.7%

Shares of NYSE:TBBB traded down $0.89 during trading on Friday, reaching $50.45. 272,086 shares of the company were exchanged, compared to its average volume of 658,849. The business’s fifty day simple moving average is $44.66 and its 200-day simple moving average is $39.80. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.68 and a quick ratio of 0.44. BBB Foods Inc. has a 12-month low of $23.81 and a 12-month high of $52.22. The firm has a market capitalization of $5.98 billion, a PE ratio of -31.33 and a beta of 0.05.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03). BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.42 billion. On average, research analysts anticipate that BBB Foods Inc. will post -0.63 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TBBB shares. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research note on Wednesday, June 24th. Scotiabank reissued an “outperform” rating and set a $65.00 target price on shares of BBB Foods in a research report on Thursday, August 27th. Finally, Citigroup began coverage on shares of BBB Foods in a research report on Friday, July 31st. They issued a “buy” rating and a $49.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BBB Foods presently has a consensus rating of “Moderate Buy” and an average price target of $50.50.

Institutional Investors Weigh In On BBB Foods

Hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. purchased a new position in BBB Foods in the second quarter valued at about $25,000. Larson Financial Group LLC lifted its position in shares of BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after buying an additional 893 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of BBB Foods in the 4th quarter valued at about $39,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of BBB Foods in the 4th quarter valued at about $89,000. Finally, Global Retirement Partners LLC purchased a new position in shares of BBB Foods in the 4th quarter worth approximately $136,000. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

About BBB Foods

BBB Foods Inc is a Mexico-based discount retailer that operates under the Tiendas 3B brand. The company serves consumers through neighborhood stores offering everyday necessities at affordable prices, with a focus on convenience, value and accessible locations.

Tiendas 3B stores sell a range of groceries, household products, personal-care items and other frequently purchased consumer goods. The business emphasizes a hard-discount retail model, including a selection of private-label and branded products, streamlined store formats and cost-conscious operations.

BBB Foods was founded in Mexico and has expanded its store network across the country.