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 report sent to investors on Monday,Zacks.com reports.

TBBB has been the topic of several other reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Morgan Stanley upgraded BBB Foods to an “overweight” rating in a report on Wednesday, January 28th. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Itau BBA Securities upgraded shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Friday, March 13th. Finally, The Goldman Sachs Group raised their target price on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, BBB Foods has an average rating of “Hold” and a consensus target price of $39.50.

BBB Foods Stock Down 0.8%

TBBB stock opened at $34.60 on Monday. The company has a 50 day moving average price of $35.27 and a two-hundred day moving average price of $31.63. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.35 and a current ratio of 0.62. The stock has a market capitalization of $3.95 billion, a P/E ratio of -26.21 and a beta of -0.16. BBB Foods has a one year low of $23.81 and a one year high of $40.09.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.22). BBB Foods had a negative return on equity of 70.80% and a negative net margin of 3.72%.The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, sell-side analysts expect that BBB Foods will post 0.15 EPS for the current year.

Institutional Investors Weigh In On BBB Foods

A number of institutional investors have recently added to or reduced their stakes in TBBB. Toth Financial Advisory Corp raised its holdings in shares of BBB Foods by 29.0% in the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after purchasing an additional 360 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of BBB Foods by 92.5% during the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 396 shares during the period. J.Safra Asset Management Corp grew its holdings in shares of BBB Foods by 3.5% during the 3rd quarter. J.Safra Asset Management Corp now owns 12,441 shares of the company’s stock worth $335,000 after purchasing an additional 423 shares during the period. Verdence Capital Advisors LLC increased its position in BBB Foods by 5.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,579 shares of the company’s stock worth $279,000 after purchasing an additional 484 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in BBB Foods by 26.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock worth $75,000 after purchasing an additional 593 shares in the last quarter. Hedge funds and other institutional investors 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.