Wall Street Zen Downgrades BBB Foods (NYSE:TBBB) to Sell

BBB Foods (NYSE:TBBB) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other brokerages have also weighed in on TBBB. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a report on Monday, December 29th. Wells Fargo & Company set a $42.00 price objective on BBB Foods in a report on Friday, March 13th. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Friday, March 13th. Morgan Stanley upgraded BBB Foods to an “overweight” rating in a report on Wednesday, January 28th. Finally, Zacks Research downgraded BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.50.

BBB Foods Trading Up 1.1%

NYSE TBBB opened at $34.33 on Friday. The company has a market cap of $3.92 billion, a P/E ratio of -26.01 and a beta of -0.16. BBB Foods has a 12 month low of $23.81 and a 12 month high of $40.09. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.62 and a quick ratio of 0.35. The company has a 50-day moving average of $35.35 and a 200-day moving average of $31.71.

BBB Foods (NYSE:TBBB) last released its earnings results on Wednesday, March 11th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. As a group, equities analysts predict that BBB Foods will post 0.15 earnings per share for the current year.

Institutional Trading of BBB Foods

Several large investors have recently bought and sold shares of TBBB. Capital Research Global Investors raised its stake in shares of BBB Foods by 2.6% during the third quarter. Capital Research Global Investors now owns 5,882,050 shares of the company’s stock valued at $158,580,000 after purchasing an additional 151,003 shares during the period. Wasatch Advisors LP grew its holdings in BBB Foods by 25.7% during the 4th quarter. Wasatch Advisors LP now owns 3,409,281 shares of the company’s stock valued at $113,836,000 after purchasing an additional 696,365 shares in the last quarter. 12 West Capital Management LP grew its holdings in BBB Foods by 39.8% during the 3rd quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock valued at $91,199,000 after purchasing an additional 963,712 shares in the last quarter. Orbis Allan Gray Ltd purchased a new stake in BBB Foods during the 4th quarter worth $109,810,000. Finally, 3G Capital Partners LP lifted its holdings in BBB Foods by 6.7% in the 3rd quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock worth $43,136,000 after buying an additional 100,000 shares in the last quarter. 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.