BBB Foods (NYSE:TBBB) Shares Down 4.7% – What’s Next?

BBB Foods Inc. (NYSE:TBBB) shares traded down 4.7% during trading on Monday . The company traded as low as $36.01 and last traded at $35.87. 150,955 shares traded hands during trading, a decline of 76% from the average session volume of 638,473 shares. The stock had previously closed at $37.64.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group upped their price target on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Wells Fargo & Company set a $42.00 price target on shares of BBB Foods in a research note on Friday, March 13th. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday. The Goldman Sachs Group increased their price target on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, December 18th. Finally, Morgan Stanley raised shares of BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $40.00.

BBB Foods Stock Down 4.7%

The stock’s 50 day simple moving average is $35.82 and its two-hundred day simple moving average is $32.51. The firm has a market cap of $4.19 billion, a P/E ratio of -27.17 and a beta of 0.01. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.62 and a quick ratio of 0.35.

BBB Foods (NYSE:TBBB) last announced its earnings results on Wednesday, March 11th. The company reported ($0.49) earnings per share 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 70.80%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. As a group, research analysts forecast that BBB Foods Inc. will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On BBB Foods

Several institutional investors and hedge funds have recently made changes to their positions in the company. Toth Financial Advisory Corp increased its position in shares of BBB Foods by 29.0% during the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after acquiring an additional 360 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of BBB Foods by 92.5% during the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 396 shares in the last quarter. J.Safra Asset Management Corp increased its position in shares of BBB Foods by 3.5% during the third quarter. J.Safra Asset Management Corp now owns 12,441 shares of the company’s stock valued at $335,000 after acquiring an additional 423 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of BBB Foods by 5.3% during the third quarter. Verdence Capital Advisors LLC now owns 9,579 shares of the company’s stock valued at $279,000 after acquiring an additional 484 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in BBB Foods by 26.1% in the third quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock worth $75,000 after purchasing an additional 593 shares during the last quarter. 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.