BBB Foods (NYSE:TBBB) Stock Rating Upgraded by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of BBB Foods (NYSE:TBBB - Free Report) to a hold rating in a research report report published on Wednesday,Zacks.com reports.

A number of other brokerages have also recently commented on TBBB. UBS Group increased their target price on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. 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 report on Monday, April 21st. Finally, Scotiabank set a $37.00 price objective on BBB Foods and gave the stock an "outperform" rating in a report on Friday, April 11th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $33.29.

BBB Foods Price Performance

NYSE:TBBB traded down $0.96 during trading hours on Wednesday, reaching $24.57. 731,058 shares of the company traded hands, compared to its average volume of 739,826. The firm's 50-day moving average is $28.00 and its 200-day moving average is $27.91. The stock has a market cap of $2.81 billion, a P/E ratio of 111.69 and a beta of 0.02. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.74 and a quick ratio of 0.49. BBB Foods has a 1-year low of $23.00 and a 1-year high of $35.22.

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 analysts' consensus estimates of $0.06 by ($0.10). The company had revenue of $838.41 million for the quarter, compared to analyst estimates of $836.80 million. BBB Foods had a net margin of 0.85% and a return on equity of 13.08%. Equities research analysts expect that BBB Foods will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BBB Foods

Several hedge funds have recently made changes to their positions in TBBB. Picton Mahoney Asset Management boosted its holdings in shares of BBB Foods by 13.5% during the fourth quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock worth $831,000 after purchasing an additional 3,500 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of BBB Foods by 8.8% in the 4th quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company's stock worth $59,901,000 after buying an additional 170,811 shares during the period. Northwest & Ethical Investments L.P. raised its position in shares of BBB Foods by 33.7% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 32,574 shares of the company's stock worth $921,000 after buying an additional 8,207 shares during the period. Atika Capital Management LLC raised its position in shares of BBB Foods by 21.3% in the 4th quarter. Atika Capital Management LLC now owns 220,700 shares of the company's stock worth $6,241,000 after buying an additional 38,700 shares during the period. Finally, FMR LLC raised its position 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 worth $98,832,000 after buying an additional 878,003 shares during the period. Institutional investors and hedge funds 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.