BBB Foods (NYSE:TBBB) Cut to Sell at Wall Street Zen

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

Several other research firms have also issued reports on TBBB. JPMorgan Chase & Co. increased their target price on BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group upped their price target 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. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $35.80.

BBB Foods Stock Performance

NYSE TBBB opened at $32.05 on Friday. The stock has a market cap of $3.66 billion, a PE ratio of -38.16, a P/E/G ratio of 15.62 and a beta of -0.14. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.39 and a current ratio of 0.65. The firm has a 50-day moving average of $32.56 and a 200-day moving average of $28.50. BBB Foods has a 52-week low of $23.00 and a 52-week high of $35.38.

BBB Foods (NYSE:TBBB) last released its quarterly earnings results on Wednesday, November 19th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.23). BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%.The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. On average, sell-side analysts anticipate that BBB Foods will post 0.15 EPS for the current year.

Institutional Investors Weigh In On BBB Foods

Institutional investors have recently made changes to their positions in the stock. Ashoka WhiteOak Capital Pte Ltd grew its position in BBB Foods by 100.7% during the second quarter. Ashoka WhiteOak Capital Pte Ltd now owns 57,800 shares of the company’s stock valued at $1,587,000 after acquiring an additional 29,000 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of BBB Foods during the second quarter valued at about $819,000. Thornburg Investment Management Inc. increased its stake in shares of BBB Foods by 182.1% in the 2nd quarter. Thornburg Investment Management Inc. now owns 417,463 shares of the company’s stock worth $11,589,000 after acquiring an additional 269,462 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of BBB Foods by 687.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,607 shares of the company’s stock worth $3,098,000 after purchasing an additional 97,431 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in BBB Foods during the 2nd quarter valued at about $2,676,000. 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.