BBB Foods (NYSE:TBBB) Shares Down 5.8% - Should You Sell?

Key Points

• Shares of BBB Foods Inc. (NYSE:TBBB) dropped by 5.8%, with current trading at $26.40 following a mid-day low of $26.71.
• Analysts have mixed opinions on the stock, with recent downgrades and upgrades, resulting in an average rating of "Hold" and a target price of $33.17.
• The company reported a quarterly loss of ($0.13) EPS, falling short of consensus estimates by ($0.09), which highlights ongoing financial challenges.

BBB Foods Inc. (NYSE:TBBB - Get Free Report)'s stock price dropped 5.8% during mid-day trading on Wednesday . The stock traded as low as $26.71 and last traded at $26.40. Approximately 272,724 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 784,411 shares. The stock had previously closed at $28.02.

Analyst Upgrades and Downgrades

TBBB has been the topic of several recent research reports. Wall Street Zen downgraded BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. UBS Group upped their price objective on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group upgraded BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. Finally, Itau BBA Securities upgraded BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 target price on the stock in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $33.17.

BBB Foods Price Performance

The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -332.84 and a beta of -0.02. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.93. The company has a 50 day simple moving average of $26.26 and a 200 day simple moving average of $27.30.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly 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 return on equity of 3.07% and a negative net margin of 0.19%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $17.98 billion. As a group, research analysts predict that BBB Foods Inc. will post 0.15 EPS for the current year.

Institutional Investors Weigh In On BBB Foods

A number of large investors have recently modified their holdings of the stock. Banque Transatlantique SA acquired a new stake in BBB Foods during the 1st quarter valued at approximately $25,000. AdvisorNet Financial Inc acquired a new stake in BBB Foods during the 2nd quarter valued at approximately $37,000. FNY Investment Advisers LLC acquired a new stake in BBB Foods during the 1st quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd grew its stake in BBB Foods by 124.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock valued at $57,000 after purchasing an additional 1,187 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in BBB Foods during the 2nd quarter valued at approximately $72,000. Institutional investors and hedge funds 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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