BBB Foods (NYSE:TBBB) Stock Rating Upgraded by Wall Street Zen

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

Several other research analysts also recently weighed in on TBBB. 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. Morgan Stanley raised BBB Foods to an “overweight” rating in a research report on Wednesday, January 28th. Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Finally, Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Friday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BBB Foods currently has a consensus rating of “Hold” and an average price target of $39.50.

BBB Foods Stock Performance

NYSE:TBBB opened at $33.11 on Friday. The firm has a 50 day simple moving average of $35.24 and a 200-day simple moving average of $31.18. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.65 and a quick ratio of 0.39. The firm has a market cap of $3.78 billion, a PE ratio of -25.08 and a beta of -0.16. BBB Foods has a 1-year low of $23.75 and a 1-year high of $40.09.

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

Institutional Investors Weigh In On BBB Foods

Several large investors have recently made changes to their positions in TBBB. Osaic Holdings Inc. acquired a new stake in shares of BBB Foods in the second quarter worth $25,000. Farther Finance Advisors LLC lifted 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 valued at $28,000 after acquiring an additional 396 shares in the last quarter. Larson Financial Group LLC boosted 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 purchasing an additional 893 shares during the period. Toth Financial Advisory Corp purchased a new stake in BBB Foods during the 3rd quarter worth $33,000. Finally, Smartleaf Asset Management LLC acquired a new stake in BBB Foods in the 4th quarter valued at $39,000. 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.