BBB Foods (NYSE:TBBB) Director Sapire Rose Nicole Domin Reich Sells 7,623 Shares of Stock

BBB Foods Inc. (NYSE:TBBB) Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total transaction of $388,773.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $50.50, for a total transaction of $384,961.50.

BBB Foods Stock Performance

NYSE:TBBB opened at $50.45 on Friday. The firm’s fifty day simple moving average is $44.82 and its 200 day simple moving average is $39.88. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 2.16. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $52.22. The firm has a market capitalization of $5.98 billion, a price-to-earnings 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 the consensus estimate of ($0.16) by ($0.03). The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.42 billion. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. As a group, equities research analysts expect that BBB Foods Inc. will post -0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TBBB. Sei Investments Co. increased its holdings in BBB Foods by 10.7% during the 1st quarter. Sei Investments Co. now owns 748,627 shares of the company’s stock worth $26,479,000 after purchasing an additional 72,646 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of BBB Foods during the 1st quarter valued at approximately $65,967,000. Carmignac Gestion purchased a new position in shares of BBB Foods during the 1st quarter valued at approximately $3,778,000. Wasatch Advisors LP grew its position in shares of BBB Foods by 3.4% during the second quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company’s stock worth $176,659,000 after buying an additional 139,649 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of BBB Foods by 64.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 371,642 shares of the company’s stock worth $13,145,000 after buying an additional 145,412 shares in the last quarter. Hedge funds and other institutional investors own 8.42% of the company’s stock.

Analyst Upgrades and Downgrades

TBBB has been the topic of several recent research reports. HSBC raised BBB Foods from a “hold” rating to a “buy” rating and boosted their price target for the stock from $38.00 to $47.00 in a research report on Wednesday, May 27th. UBS Group increased their price objective on shares of BBB Foods from $51.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Zacks Research upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Scotiabank restated an “outperform” rating and issued a $65.00 target price on shares of BBB Foods in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.50.

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.