BBB Foods (NYSE:TBBB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BBB Foods (NYSE:TBBB) from a sell rating to a hold rating in a research report released on Saturday.

A number of other research firms also recently commented on TBBB. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a report on Friday. Wells Fargo & Company set a $42.00 price target on shares of BBB Foods in a research note on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a report on Monday, December 29th. Zacks Research upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $39.50.

BBB Foods Stock Performance

Shares of TBBB stock opened at $33.60 on Friday. 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 stock has a 50 day simple moving average of $35.21 and a 200-day simple moving average of $31.31. The company has a market cap of $3.84 billion, a price-to-earnings ratio of -25.45 and a beta of -0.16. BBB Foods has a 12-month low of $23.75 and a 12-month high of $40.09.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings results on Wednesday, March 11th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.22). BBB Foods had a negative net margin of 3.72% and a negative return on equity of 70.80%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. On average, equities analysts forecast that BBB Foods will post 0.15 EPS for the current year.

Institutional Investors Weigh In On BBB Foods

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Research Global Investors increased its stake in BBB Foods by 2.6% in the third quarter. Capital Research Global Investors now owns 5,882,050 shares of the company’s stock valued at $158,580,000 after purchasing an additional 151,003 shares during the last quarter. Wasatch Advisors LP boosted its stake in BBB Foods by 25.7% in the 4th quarter. Wasatch Advisors LP now owns 3,409,281 shares of the company’s stock worth $113,836,000 after buying an additional 696,365 shares during the last quarter. 12 West Capital Management LP boosted its stake in BBB Foods by 39.8% in the 3rd quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock worth $91,199,000 after buying an additional 963,712 shares during the last quarter. Orbis Allan Gray Ltd purchased a new stake in BBB Foods in the 4th quarter valued at about $109,810,000. Finally, 3G Capital Partners LP grew its holdings in BBB Foods by 6.7% in the 3rd quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock valued at $43,136,000 after buying an additional 100,000 shares during the period. Hedge funds and other institutional investors 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.