Wall Street Zen Upgrades BBB Foods (NYSE:TBBB) to “Hold”

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

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

BBB Foods Price Performance

Shares of TBBB opened at $33.68 on Friday. The stock has a market cap of $3.85 billion, a P/E ratio of -40.09 and a beta of -0.15. BBB Foods has a 1 year low of $23.00 and a 1 year high of $34.92. The stock’s 50-day moving average price is $30.14 and its two-hundred day moving average price is $27.51. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21.

BBB Foods (NYSE:TBBB) last announced its quarterly 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). BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, equities analysts predict that BBB Foods will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TBBB. Banque Transatlantique SA bought a new position in shares of BBB Foods during the first quarter worth about $25,000. Osaic Holdings Inc. acquired a new position in BBB Foods during the 2nd quarter worth approximately $25,000. Larson Financial Group LLC grew its stake in shares of 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 in the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of BBB Foods in the third quarter valued at approximately $33,000. Finally, AdvisorNet Financial Inc bought a new stake in shares of BBB Foods in the second quarter worth $37,000. 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.