BBB Foods (NYSE:TBBB) Stock Rating Lowered by Zacks Research

BBB Foods (NYSE:TBBB) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on TBBB. Wall Street Zen cut BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BBB Foods in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, BBB Foods has an average rating of “Hold” and a consensus price target of $34.80.

BBB Foods Price Performance

Shares of NYSE:TBBB traded up $0.62 during trading hours on Monday, hitting $29.28. 34,338 shares of the company’s stock traded hands, compared to its average volume of 711,922. The company’s fifty day simple moving average is $26.71 and its two-hundred day simple moving average is $27.06. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -365.94 and a beta of -0.03. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.44 and a current ratio of 0.69. BBB Foods has a 52 week low of $23.00 and a 52 week high of $34.75.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%.The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $17.98 billion. As a group, equities analysts anticipate that BBB Foods will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Banque Transatlantique SA bought a new stake in BBB Foods during the 1st quarter worth approximately $25,000. Osaic Holdings Inc. purchased a new stake in shares of BBB Foods in the second quarter worth $25,000. Toth Financial Advisory Corp bought a new position in shares of BBB Foods in the 3rd quarter worth $33,000. AdvisorNet Financial Inc purchased a new stake in BBB Foods in the second quarter worth approximately $37,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of BBB Foods by 124.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company’s stock worth $57,000 after buying an additional 1,187 shares during the period. 8.42% of the stock is currently owned by institutional investors.

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.