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

BBB Foods Inc. (NYSE:TBBB) Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total transaction of $388,773.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Sapire Rose Nicole Domin Reich also recently made the following trade(s):

• On Wednesday, September 2nd, Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock. The stock was sold at an average price of $50.50, for a total transaction of $384,961.50.

BBB Foods Trading Down 1.7%

Shares of NYSE:TBBB opened at $50.45 on Friday. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of -31.33 and a beta of 0.05. BBB Foods Inc. has a 12 month low of $23.81 and a 12 month high of $52.22. The company’s fifty day simple moving average is $44.82 and its 200 day simple moving average is $39.88. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 2.16.

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group upped their price objective on shares of BBB Foods from $51.00 to $58.00 and gave the company a “buy” rating in a report on Friday, August 28th. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and raised their target price for the stock from $38.00 to $47.00 in a research note on Wednesday, May 27th. Zacks Research upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Citigroup began coverage on shares of BBB Foods in a research report on Friday, July 31st. They set a “buy” rating and a $49.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BBB Foods presently has an average rating of “Moderate Buy” and an average target price of $50.50.

Institutional Trading of BBB Foods

A number of institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of BBB Foods by 276.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock worth $4,176,000 after buying an additional 114,990 shares during the last quarter. Qube Research & Technologies Ltd grew its position in BBB Foods by 48.4% in the second quarter. Qube Research & Technologies Ltd now owns 285,206 shares of the company’s stock valued at $7,917,000 after acquiring an additional 92,989 shares during the last quarter. Sei Investments Co. grew its position in BBB Foods by 57.7% in the second quarter. Sei Investments Co. now owns 417,794 shares of the company’s stock valued at $11,598,000 after acquiring an additional 152,883 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in BBB Foods by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 705,005 shares of the company’s stock valued at $19,571,000 after acquiring an additional 2,434 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in BBB Foods by 32.3% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,979 shares of the company’s stock worth $4,774,000 after acquiring an additional 41,979 shares in the last quarter. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Company Profile

BBB Foods Inc is a Mexico-based discount retailer that operates under the Tiendas 3B brand. The company serves consumers through neighborhood stores offering everyday necessities at affordable prices, with a focus on convenience, value and accessible locations.

Tiendas 3B stores sell a range of groceries, household products, personal-care items and other frequently purchased consumer goods. The business emphasizes a hard-discount retail model, including a selection of private-label and branded products, streamlined store formats and cost-conscious operations.

BBB Foods was founded in Mexico and has expanded its store network across the country.