BBB Foods (NYSE:TBBB) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of BBB Foods (NYSE:TBBB) from a hold rating to a strong sell rating in a research note published on Monday,Zacks.com reports.

TBBB has been the topic of a number of other reports. Wall Street Zen downgraded shares of BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. boosted 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. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BBB Foods in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.80.

BBB Foods Stock Performance

TBBB stock opened at $29.16 on Monday. BBB Foods has a twelve month low of $23.00 and a twelve month high of $34.75. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of -364.55 and a beta of -0.03. The business’s fifty day simple moving average is $26.77 and its two-hundred day simple moving average is $27.08. The company has a quick ratio of 0.44, a current ratio of 0.69 and a debt-to-equity ratio of 2.08.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $17.98 billion. BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%. Analysts predict that BBB Foods will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Banque Transatlantique SA bought a new stake in BBB Foods during the first quarter valued at about $25,000. Osaic Holdings Inc. purchased a new stake in shares of BBB Foods during the second quarter valued at about $25,000. Toth Financial Advisory Corp purchased a new stake in shares of BBB Foods during the third quarter valued at about $33,000. AdvisorNet Financial Inc bought a new stake in shares of BBB Foods in the 2nd quarter valued at about $37,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of BBB Foods by 124.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company’s stock worth $57,000 after buying an additional 1,187 shares during the last quarter. 8.42% of the stock is owned by institutional investors.

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.