BBB Foods (NYSE:TBBB) Shares Gap Down – Should You Sell?

BBB Foods Inc. (NYSE:TBBB) gapped down before the market opened on Monday . The stock had previously closed at $31.80, but opened at $30.85. BBB Foods shares last traded at $31.8050, with a volume of 27,542 shares trading hands.

Wall Street Analyst Weigh In

TBBB has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BBB Foods in a research report on Wednesday, October 8th. Zacks Research downgraded BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Wall Street Zen cut BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. increased their price target on BBB Foods from $35.50 to $39.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, BBB Foods has a consensus rating of “Hold” and a consensus price target of $34.80.

BBB Foods Price Performance

The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21. The stock has a fifty day simple moving average of $27.22 and a 200-day simple moving average of $27.00. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of -37.66 and a beta of -0.03.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings data 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 net margin of 2.61% and a negative return on equity of 44.56%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities research analysts expect that BBB Foods Inc. will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Jump Financial LLC bought a new position in BBB Foods during the first quarter valued at about $2,284,000. Deutsche Bank AG grew its holdings in shares of BBB Foods by 104.5% during the 1st quarter. Deutsche Bank AG now owns 22,500 shares of the company’s stock worth $600,000 after purchasing an additional 11,500 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of BBB Foods during the first quarter valued at approximately $461,000. Goldman Sachs Group Inc. increased its position in shares of BBB Foods by 276.8% during the first quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock valued at $4,176,000 after purchasing an additional 114,990 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of BBB Foods by 73.2% in the first quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company’s stock valued at $43,606,000 after purchasing an additional 690,560 shares in the last quarter. Institutional investors and hedge funds 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.