BBB Foods (NYSE:TBBB) Lowered to Sell Rating by Wall Street Zen

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.

BBB Foods (NYSE:TBBB - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

A number of other equities research analysts have also commented on TBBB. Itau BBA Securities upgraded 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 report on Monday, April 21st. The Goldman Sachs Group raised BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. Scotiabank set a $37.00 price objective on BBB Foods and gave the stock an "outperform" rating in a research report on Friday, April 11th. Finally, UBS Group lifted their target price on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $33.29.

BBB Foods Stock Performance

NYSE TBBB opened at $25.52 on Friday. BBB Foods has a one year low of $23.00 and a one year high of $35.22. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.74 and a quick ratio of 0.49. The firm has a market cap of $2.91 billion, a P/E ratio of 116.01 and a beta of -0.02. The stock's 50-day moving average is $26.76 and its 200-day moving average is $27.52.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Capital Research Global Investors grew its holdings in BBB Foods by 37.3% during the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company's stock worth $150,738,000 after purchasing an additional 1,448,093 shares during the period. FMR LLC boosted its stake in shares of BBB Foods by 33.6% during the 4th quarter. FMR LLC now owns 3,494,773 shares of the company's stock worth $98,832,000 after acquiring an additional 878,003 shares during the period. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of BBB Foods by 3.1% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,853,906 shares of the company's stock worth $80,708,000 after acquiring an additional 84,482 shares during the last quarter. 12 West Capital Management LP raised its stake in BBB Foods by 33.4% in the 1st quarter. 12 West Capital Management LP now owns 2,289,058 shares of the company's stock valued at $61,072,000 after acquiring an additional 572,500 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in 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 acquiring an additional 690,560 shares during the period. 8.42% of the stock is owned by institutional investors and hedge funds.

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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