BBB Foods (NYSE:TBBB) Upgraded by Wall Street Zen to “Hold” Rating

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

Several other analysts also recently commented on TBBB. Morgan Stanley raised shares of BBB Foods to an “overweight” rating in a research report on Wednesday, January 28th. UBS Group lifted their target price on shares of 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 upgraded shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research note on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a report on Monday, December 29th. Finally, The Goldman Sachs Group boosted their price objective on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.50.

BBB Foods Stock Performance

Shares of TBBB opened at $33.11 on Friday. The company has a 50-day simple moving average of $35.24 and a two-hundred day simple moving average of $31.22. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.65 and a quick ratio of 0.39. The firm has a market capitalization of $3.78 billion, a PE ratio of -25.08 and a beta of -0.16. BBB Foods has a one year low of $23.75 and a one year high of $40.09.

BBB Foods (NYSE:TBBB) last announced its earnings results on Wednesday, March 11th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.22). BBB Foods had a negative net margin of 3.72% and a negative return on equity of 70.82%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. On average, analysts anticipate that BBB Foods will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

Institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. bought a new stake in BBB Foods in the 2nd quarter worth approximately $25,000. Farther Finance Advisors LLC increased its position in BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 396 shares during the last quarter. Larson Financial Group LLC increased its position in 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 last quarter. Toth Financial Advisory Corp purchased a new stake in BBB Foods during the third quarter valued at $33,000. Finally, Smartleaf Asset Management LLC bought a new position in BBB Foods during the fourth quarter valued at $39,000. Institutional investors 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.