BBB Foods (NYSE:TBBB) Rating Increased to Hold at The Goldman Sachs Group

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

Several other research firms have also issued reports on TBBB. Scotiabank set a $37.00 target price on BBB Foods and gave the stock an "outperform" rating in a research report on Friday, April 11th. 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. Finally, UBS Group boosted their price objective on shares of BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $33.29.

BBB Foods Trading Down 3.8%

TBBB traded down $0.96 during trading on Wednesday, reaching $24.57. 682,806 shares of the company's stock were exchanged, compared to its average volume of 737,806. The company's fifty day moving average price is $28.20 and its 200-day moving average price is $28.00. The firm has a market capitalization of $2.81 billion, a PE ratio of 111.69 and a beta of 0.02. BBB Foods has a fifty-two week low of $23.00 and a fifty-two week high of $35.22. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.49 and a current ratio of 0.74.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share (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 during the quarter, compared to the consensus estimate of $836.80 million. As a group, equities analysts forecast that BBB Foods will post 0.15 EPS for the current year.

Institutional Investors Weigh In On BBB Foods

Large investors have recently made changes to their positions in the stock. 12 West Capital Management LP bought a new stake in shares of BBB Foods in the 4th quarter valued at about $48,544,000. Capital Research Global Investors boosted its stake in shares of BBB Foods by 37.3% during the 4th quarter. Capital Research Global Investors now owns 5,330,214 shares of the company's stock worth $150,738,000 after acquiring an additional 1,448,093 shares during the period. Millennium Management LLC increased its holdings in shares of BBB Foods by 942.8% during the 1st quarter. Millennium Management LLC now owns 1,240,966 shares of the company's stock worth $33,109,000 after acquiring an additional 1,121,959 shares during the last quarter. FMR LLC increased its holdings 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 last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in BBB Foods in the 1st quarter valued at $18,209,000. 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.