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

BBB Foods (NYSE:TBBB) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group upped their price objective on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. Zacks Research downgraded BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted their price objective on BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, BBB Foods presently has an average rating of “Hold” and an average price target of $35.80.

BBB Foods Stock Down 0.2%

Shares of NYSE TBBB opened at $32.05 on Friday. BBB Foods has a 12-month low of $23.00 and a 12-month high of $35.38. The firm’s 50-day simple moving average is $32.47 and its 200 day simple moving average is $28.47. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21. The company has a market cap of $3.66 billion, a price-to-earnings ratio of -38.16, a price-to-earnings-growth ratio of 15.62 and a beta of -0.14.

BBB Foods (NYSE:TBBB) last announced its earnings results on Wednesday, November 19th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, research analysts expect that BBB Foods will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BBB Foods

Several hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. acquired a new position in shares of BBB Foods during the 2nd quarter worth about $25,000. Larson Financial Group LLC boosted its stake in BBB Foods by 547.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after acquiring an additional 893 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in BBB Foods during the third quarter valued at approximately $33,000. AdvisorNet Financial Inc bought a new stake in BBB Foods in the second quarter valued at approximately $37,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in BBB Foods in the second quarter valued at approximately $72,000. Institutional investors and hedge funds 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.