BBB Foods (NYSE:TBBB) Stock Price Down 6% – Should You Sell?

BBB Foods Inc. (NYSE:TBBB)’s stock price was down 6% on Thursday . The company traded as low as $33.41 and last traded at $33.98. Approximately 167,116 shares were traded during trading, a decline of 70% from the average daily volume of 558,612 shares. The stock had previously closed at $36.14.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TBBB shares. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Friday, March 13th. JPMorgan Chase & Co. increased their price target on BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Wall Street Zen raised BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. HSBC raised BBB Foods from a “hold” rating to a “buy” rating and increased their price target for the company from $38.00 to $47.00 in a research report on Wednesday. Finally, Zacks Research lowered BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $43.14.

BBB Foods Price Performance

The firm has a market capitalization of $3.98 billion, a PE ratio of -21.97 and a beta of 0.02. The business has a 50-day moving average of $36.17 and a 200 day moving average of $34.67. The company has a current ratio of 0.62, a quick ratio of 0.35 and a debt-to-equity ratio of 2.61.

BBB Foods (NYSE:TBBB) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 82.15%. As a group, research analysts anticipate that BBB Foods Inc. will post -0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased 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 purchasing an additional 396 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in shares of BBB Foods during the 2nd quarter valued at $25,000. Larson Financial Group LLC increased its position in shares of BBB Foods by 547.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after purchasing an additional 893 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of BBB Foods during the 4th quarter valued at $39,000. Finally, Toth Financial Advisory Corp increased its position in shares of BBB Foods by 29.0% during the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after purchasing an additional 360 shares during the last quarter. 8.42% of the stock is owned by hedge funds and other institutional investors.

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.