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

Key Points

• BBB Foods (NYSE:TBBB) has been given a sell (D) rating by Weiss Ratings, with multiple analysts commenting on the company's stock and changing their ratings.
• The stock traded down 1.3% to $28.63, with a market capitalization of $3.27 billion and a current ratio of 0.69.
• BBB Foods reported a quarterly earnings miss, with earnings per share of ($0.13), falling short of the analyst consensus estimate of ($0.04).

BBB Foods (NYSE:TBBB - Get Free Report)'s stock had its "sell (d)" rating restated by equities researchers at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Several other equities analysts have also commented on the company. Wall Street Zen lowered BBB Foods from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group raised BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. Zacks Research raised BBB Foods from a "strong sell" rating to a "hold" rating in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. upped their price target on BBB Foods from $35.50 to $39.00 and gave the company an "overweight" rating in a research note on Monday. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, BBB Foods has a consensus rating of "Hold" and an average price target of $34.80.

BBB Foods Trading Down 1.3%

NYSE TBBB traded down $0.37 on Friday, reaching $28.63. 944,605 shares of the company were exchanged, compared to its average volume of 727,594. The business's fifty day moving average price is $26.15 and its 200 day moving average price is $26.97. The stock has a market capitalization of $3.27 billion, a P/E ratio of -357.86 and a beta of -0.03. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 2.08. 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 released 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). The company had revenue of $1 billion for the quarter, compared to analyst estimates of $17.98 billion. BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%. Analysts forecast that BBB Foods will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On BBB Foods

Several institutional investors and hedge funds have recently modified their holdings of TBBB. Wasatch Advisors LP raised its holdings in shares of BBB Foods by 314.6% in the 2nd quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company's stock valued at $60,850,000 after buying an additional 1,663,338 shares during the period. 3G Capital Partners LP raised its holdings in shares of BBB Foods by 328.6% in the 2nd quarter. 3G Capital Partners LP now owns 1,500,000 shares of the company's stock valued at $41,640,000 after buying an additional 1,150,000 shares during the period. Millennium Management LLC raised its holdings in shares of BBB Foods by 942.8% in the 1st quarter. Millennium Management LLC now owns 1,240,966 shares of the company's stock valued at $33,109,000 after buying an additional 1,121,959 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of BBB Foods in the 1st quarter valued at $18,209,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of BBB Foods by 73.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company's stock valued at $43,606,000 after buying an additional 690,560 shares during the period. 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.

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