BBB Foods (NYSE:TBBB) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded BBB Foods (NYSE:TBBB) from a "sell" to a "hold," and overall analyst coverage is mixed (three Buy, two Hold, two Sell) with a MarketBeat consensus rating of "Hold" and a consensus price target of $40.00.
• BBB Foods reported a quarterly loss of ($0.49) per share versus ($0.27) expected and revenue of $1.22B (missed expectations), with a negative ROE (70.8%), negative net margin (3.72%) and a high debt-to-equity ratio (2.61), indicating weak profitability and elevated leverage.

BBB Foods (NYSE:TBBB - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Other analysts also recently issued research reports about the stock. Itau BBA Securities raised shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $42.00 target price on the stock in a research report on Friday, March 13th. Morgan Stanley raised BBB Foods to an "overweight" rating in a research report on Wednesday, January 28th. Zacks Research downgraded BBB Foods from a "hold" rating to a "strong sell" rating in a research note on Monday, March 23rd. Weiss Ratings reissued a "sell (d+)" rating on shares of BBB Foods in a report on Friday, March 27th. Finally, The Goldman Sachs Group raised their price objective on BBB Foods from $30.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday, December 18th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, BBB Foods currently has an average rating of "Hold" and a consensus price target of $40.00.

BBB Foods Stock Up 0.2%

NYSE:TBBB opened at $37.65 on Friday. The company has a market cap of $4.30 billion, a PE ratio of -28.52 and a beta of 0.01. BBB Foods has a twelve month low of $23.81 and a twelve month high of $40.09. The company has a current ratio of 0.62, a quick ratio of 0.35 and a debt-to-equity ratio of 2.61. The company's 50 day moving average is $35.82 and its two-hundred day moving average is $32.42.

BBB Foods (NYSE:TBBB - Get Free Report) last released its earnings results on Wednesday, March 11th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.22). The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.24 billion. BBB Foods had a negative return on equity of 70.80% and a negative net margin of 3.72%. Analysts anticipate that BBB Foods will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TBBB. Farther Finance Advisors LLC boosted its holdings in BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company's stock valued at $28,000 after purchasing an additional 396 shares during the last quarter. Osaic Holdings Inc. purchased a new position in shares of BBB Foods during the 2nd quarter valued at about $25,000. Larson Financial Group LLC lifted its holdings in shares of BBB Foods by 547.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company's stock valued at $28,000 after buying an additional 893 shares during the period. Smartleaf Asset Management LLC acquired a new position in shares of BBB Foods in the 4th quarter valued at about $39,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of BBB Foods in the third quarter worth about $33,000. Hedge funds and other institutional investors own 8.42% of the company's stock.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.

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