Wall Street Zen Upgrades BBB Foods (NYSE:TBBB) to Hold

BBB Foods (NYSE:TBBB) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities research analysts have also recently issued reports about the company. The Goldman Sachs Group increased their price target on BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday. Zacks Research upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, BBB Foods currently has a consensus rating of “Hold” and a consensus target price of $35.80.

BBB Foods Price Performance

Shares of TBBB opened at $33.68 on Friday. The company has a 50 day moving average of $30.14 and a two-hundred day moving average of $27.50. 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 twelve month low of $23.00 and a twelve month high of $34.92. The company has a market cap of $3.85 billion, a price-to-earnings ratio of -40.09 and a beta of -0.15.

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

Institutional Trading of BBB Foods

Institutional investors and hedge funds have recently bought and sold shares of the business. Banque Transatlantique SA acquired a new stake in shares of BBB Foods in the first quarter worth $25,000. Osaic Holdings Inc. purchased a new stake in BBB Foods in the second quarter valued at $25,000. Larson Financial Group LLC grew its position in BBB Foods by 547.9% during the 3rd 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. Toth Financial Advisory Corp acquired a new stake in BBB Foods during the 3rd quarter worth about $33,000. Finally, AdvisorNet Financial Inc purchased a new position in shares of BBB Foods during the 2nd quarter valued at about $37,000. 8.42% of the stock is currently owned by institutional investors and hedge funds.

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.