BBB Foods (NYSE:TBBB) Given Sell (D) Rating at Weiss Ratings

Key Points

• BBB Foods (NYSE:TBBB) has been assigned a "sell (D)" rating by Weiss Ratings, indicating a negative outlook on the stock.
• The company's stock has seen a recent drop, trading at $24.06, with a market capitalization of $2.75 billion and a price-to-earnings ratio of -300.56.
• In its latest earnings report, BBB Foods missed analysts' estimates with an EPS of (0.13), falling short of the expected (0.04).

BBB Foods (NYSE:TBBB - Get Free Report)'s stock had its "sell (d)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the company. Wall Street Zen downgraded BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group upgraded BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $33.75.

BBB Foods Stock Performance

NYSE TBBB traded down $0.42 during trading on Wednesday, reaching $24.06. 75,551 shares of the company's stock were exchanged, compared to its average volume of 727,500. The business has a 50 day moving average price of $25.92 and a 200-day moving average price of $26.96. The stock has a market capitalization of $2.75 billion, a P/E ratio of -300.56 and a beta of -0.03. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.69 and a quick ratio of 0.44. BBB Foods has a fifty-two week low of $23.00 and a fifty-two week high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09). BBB Foods had a negative net margin of 0.19% and a negative return on equity of 3.07%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $17.98 billion. Sell-side analysts forecast that BBB Foods will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TBBB. FNY Investment Advisers LLC acquired a new position in shares of BBB Foods during the first quarter worth $37,000. Blue Trust Inc. acquired a new stake in BBB Foods in the first quarter valued at $212,000. TT International Asset Management LTD acquired a new stake in BBB Foods in the first quarter valued at $15,261,000. J.Safra Asset Management Corp increased its holdings in BBB Foods by 6.4% in the first quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company's stock valued at $291,000 after purchasing an additional 661 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in BBB Foods by 24.9% in the first quarter. Teacher Retirement System of Texas now owns 1,162,695 shares of the company's stock valued at $31,021,000 after purchasing an additional 231,589 shares during the period. 8.42% of the stock is currently owned by institutional investors and hedge funds.

About BBB Foods

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.

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