BBB Foods (NYSE:TBBB) Raised to “Outperform” at Itau BBA Securities

BBB Foods (NYSE:TBBB) was upgraded by analysts at Itau BBA Securities from a “market perform” rating to an “outperform” rating in a research note issued on Friday, Marketbeat Ratings reports. The brokerage presently has a $42.00 price target on the stock. Itau BBA Securities’ price target would indicate a potential upside of 26.87% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Wall Street Zen cut shares of BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Morgan Stanley upgraded BBB Foods to an “overweight” rating in a report on Wednesday, January 28th. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. UBS Group boosted their price target on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.50.

BBB Foods Stock Performance

Shares of TBBB stock opened at $33.11 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.39 and a current ratio of 0.65. BBB Foods has a 52 week low of $23.75 and a 52 week high of $40.09. The company’s 50 day moving average price is $35.24 and its two-hundred day moving average price is $31.22. The company has a market capitalization of $3.78 billion, a P/E ratio of -25.08 and a beta of -0.16.

BBB Foods (NYSE:TBBB) last released its quarterly earnings results on Wednesday, March 11th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.22). BBB Foods had a negative net margin of 3.72% and a negative return on equity of 70.82%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. On average, analysts expect that BBB Foods will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its position in BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 396 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in BBB Foods in the 2nd quarter valued at $25,000. Larson Financial Group LLC lifted its position 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 buying an additional 893 shares in the last quarter. Smartleaf Asset Management LLC bought a new stake in BBB Foods during the 4th quarter worth about $39,000. Finally, Toth Financial Advisory Corp acquired a new position in shares of BBB Foods during the 3rd quarter worth about $33,000. 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.