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 research note published on Wednesday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Itau BBA Securities upgraded shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a research report on Monday, April 21st. UBS Group boosted their price target on BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Finally, Scotiabank set a $37.00 price objective on BBB Foods and gave the company an "outperform" rating in a research note on Friday, April 11th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $33.29.

BBB Foods Stock Up 1.2%

NYSE TBBB traded up $0.31 during trading hours on Wednesday, hitting $25.50. 357,526 shares of the company traded hands, compared to its average volume of 737,833. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 115.91 and a beta of 0.02. BBB Foods has a twelve month low of $23.00 and a twelve month high of $35.22. The business's 50-day moving average is $28.20 and its 200-day moving average is $28.00. 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 data on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The business had revenue of $838.41 million during the quarter, compared to the consensus estimate of $836.80 million. BBB Foods had a net margin of 0.85% and a return on equity of 13.08%. Sell-side analysts anticipate that BBB Foods will post 0.15 earnings per share for the current year.

Institutional Trading of BBB Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBBB. 12 West Capital Management LP acquired a new stake in shares of BBB Foods during the fourth quarter worth $48,544,000. Capital Research Global Investors boosted its position 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 valued at $150,738,000 after acquiring an additional 1,448,093 shares during the last quarter. Millennium Management LLC boosted its position in BBB Foods by 942.8% during the first quarter. Millennium Management LLC now owns 1,240,966 shares of the company's stock valued at $33,109,000 after acquiring an additional 1,121,959 shares during the last quarter. FMR LLC grew its holdings in 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. Finally, Itau Unibanco Holding S.A. bought a new position in shares of BBB Foods in the 1st quarter worth about $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.