BBB Foods (NYSE:TBBB) Director Sapire Rose Nicole Domin Reich Sells 7,623 Shares

BBB Foods Inc. (NYSE:TBBB) Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $50.50, for a total transaction of $384,961.50. Following the transaction, the director owned 7,623 shares in the company, valued at $384,961.50. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BBB Foods Price Performance

BBB Foods stock opened at $49.69 on Friday. The firm has a 50-day moving average price of $43.92 and a 200-day moving average price of $39.44. The firm has a market capitalization of $5.89 billion, a PE ratio of -30.86 and a beta of 0.05. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 2.16. BBB Foods Inc. has a 12-month low of $23.81 and a 12-month high of $51.62.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.03). BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.42 billion. As a group, equities research analysts forecast that BBB Foods Inc. will post -0.63 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in shares of BBB Foods by 92.5% during the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 396 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in BBB Foods by 2.9% during the third quarter. Orion Porfolio Solutions LLC now owns 27,163 shares of the company’s stock worth $732,000 after buying an additional 770 shares in the last quarter. Savant Capital LLC boosted its stake in shares of BBB Foods by 6.7% during the 4th quarter. Savant Capital LLC now owns 12,540 shares of the company’s stock worth $419,000 after acquiring an additional 792 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in shares of BBB Foods during the 2nd quarter worth about $25,000. Finally, Larson Financial Group LLC grew its position in shares of BBB Foods by 547.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after acquiring an additional 893 shares during the period. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TBBB has been the topic of several research analyst reports. Scotiabank reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of BBB Foods in a research report on Thursday, August 27th. HSBC raised BBB Foods from a “hold” rating to a “buy” rating and upped their target price for the company from $38.00 to $47.00 in a research report on Wednesday, May 27th. UBS Group boosted their price target on BBB Foods from $51.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. JPMorgan Chase & Co. increased their price objective on shares of BBB Foods from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, BBB Foods currently has a consensus rating of “Moderate Buy” and an average target price of $48.12.

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.