BBB Foods (NYSE:TBBB) Upgraded by Wall Street Zen to “Hold” Rating

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

Several other research firms have also commented on TBBB. The Goldman Sachs Group lifted their price target on shares of BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 15th. JPMorgan Chase & Co. lifted their price objective on BBB Foods from $35.50 to $39.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.80.

BBB Foods Price Performance

Shares of BBB Foods stock opened at $33.68 on Friday. BBB Foods has a 12 month low of $23.00 and a 12 month high of $34.92. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.65 and a quick ratio of 0.39. The business has a 50 day simple moving average of $30.14 and a two-hundred day simple moving average of $27.50. The stock has a market capitalization of $3.85 billion, a P/E ratio of -40.09 and a beta of -0.15.

BBB Foods (NYSE:TBBB) last issued its earnings results on Wednesday, November 19th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%. As a group, analysts predict that BBB Foods will post 0.15 EPS for the current fiscal year.

Institutional Trading of BBB Foods

A number of hedge funds have recently added to or reduced their stakes in TBBB. Jump Financial LLC purchased a new position in BBB Foods during the first quarter worth about $2,284,000. Deutsche Bank AG increased its position in 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 during the period. Ashoka WhiteOak Capital Pte Ltd raised its stake in shares of BBB Foods by 100.7% during the 2nd quarter. Ashoka WhiteOak Capital Pte Ltd now owns 57,800 shares of the company’s stock worth $1,587,000 after buying an additional 29,000 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of BBB Foods by 276.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock worth $4,176,000 after buying an additional 114,990 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of BBB Foods by 73.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company’s stock valued at $43,606,000 after buying an additional 690,560 shares during the period. 8.42% of the stock is owned by institutional investors and hedge funds.

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.