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

Key Points

• BBB Foods has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, indicating negative sentiment toward the stock.
• Despite recent downgrades, the company has received mixed ratings from other analysts, with goals varying from $32 to $37, and a current consensus rating of "Hold."
• The stock has shown volatility, with a one-year price range of $23.00 to $35.22, and an opening price of $25.52 on Friday.

Wall Street Zen cut shares of BBB Foods (NYSE:TBBB - Free Report) from a hold rating to a sell rating in a report issued on Saturday.

Other equities analysts have also recently issued reports about the stock. Itau BBA Securities raised shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective on the stock in a research note on Monday, April 21st. Scotiabank set a $37.00 price objective on shares of BBB Foods and gave the stock an "outperform" rating in a research report on Friday, April 11th. The Goldman Sachs Group raised shares of BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. Finally, UBS Group increased their target price on shares of BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $33.29.

BBB Foods Price Performance

NYSE:TBBB traded up $0.02 during trading hours on Friday, reaching $25.51. 169,498 shares of the company were exchanged, compared to its average volume of 789,790. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.93. The stock's 50-day moving average is $26.76 and its 200-day moving average is $27.49. The firm has a market cap of $2.91 billion, a PE ratio of 115.94 and a beta of -0.02. BBB Foods has a twelve month low of $23.00 and a twelve month high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). BBB Foods had a net margin of 0.85% and a return on equity of 13.08%. The company had revenue of $838.41 million for the quarter, compared to analyst estimates of $836.80 million. On average, sell-side analysts anticipate that BBB Foods will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Atika Capital Management LLC raised its holdings in BBB Foods by 21.3% in the 4th quarter. Atika Capital Management LLC now owns 220,700 shares of the company's stock valued at $6,241,000 after acquiring an additional 38,700 shares in the last quarter. FMR LLC lifted its stake in shares of BBB Foods by 33.6% in the 4th quarter. FMR LLC now owns 3,494,773 shares of the company's stock valued at $98,832,000 after purchasing an additional 878,003 shares during the period. Grandeur Peak Global Advisors LLC lifted its stake in shares of BBB Foods by 10.2% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 1,412,891 shares of the company's stock valued at $39,957,000 after purchasing an additional 130,373 shares during the period. 12 West Capital Management LP acquired a new position in shares of BBB Foods in the 4th quarter valued at about $48,544,000. Finally, Mariner LLC acquired a new position in BBB Foods during the 4th quarter worth approximately $611,000. 8.42% of the stock is 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.