BBB Foods (NYSE:TBBB) Trading Down 6% – Time to Sell?

BBB Foods Inc. (NYSE:TBBB) shares fell 6% during trading on Thursday . The stock traded as low as $33.41 and last traded at $33.98. 167,116 shares were traded during mid-day trading, a decline of 70% from the average session volume of 558,612 shares. The stock had previously closed at $36.14.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TBBB shares. Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd. 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, March 13th. Wells Fargo & Company set a $42.00 target price on shares of BBB Foods in a research note on Friday, March 13th. UBS Group increased their target price on shares of BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Finally, HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and increased their target price for the stock from $38.00 to $47.00 in a research note on Wednesday. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.14.

BBB Foods Price Performance

The business’s 50 day moving average price is $36.23 and its two-hundred day moving average price is $34.73. The stock has a market cap of $4.40 billion, a P/E ratio of -24.30 and a beta of 0.02. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76.

BBB Foods (NYSE:TBBB) last announced its earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. As a group, sell-side analysts expect that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

A number of large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of BBB Foods by 19.6% during the 1st quarter. Royal Bank of Canada now owns 11,415 shares of the company’s stock valued at $404,000 after purchasing an additional 1,874 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of BBB Foods by 12.4% during the 1st quarter. Lazard Asset Management LLC now owns 63,744 shares of the company’s stock valued at $2,255,000 after purchasing an additional 7,032 shares in the last quarter. Sei Investments Co. boosted its stake in shares of BBB Foods by 10.7% during the 1st quarter. Sei Investments Co. now owns 748,627 shares of the company’s stock valued at $26,479,000 after purchasing an additional 72,646 shares in the last quarter. State of Wyoming boosted its stake in shares of BBB Foods by 228.4% during the 1st quarter. State of Wyoming now owns 13,640 shares of the company’s stock valued at $482,000 after purchasing an additional 9,487 shares in the last quarter. Finally, Militia Capital Management LLC bought a new stake in shares of BBB Foods during the 1st quarter valued at about $1,734,000. Institutional investors own 8.42% of the company’s stock.

BBB Foods Company Profile

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.