BBB Foods (NYSE:TBBB) Upgraded at Zacks Research

BBB Foods (NYSE:TBBB) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on TBBB. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Scotiabank raised their price objective on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their target price on shares of BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. HSBC raised shares of BBB Foods from a “hold” rating to a “buy” rating and upped their target price for the stock from $38.00 to $47.00 in a report on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research note on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $43.14.

BBB Foods Trading Down 2.9%

Shares of NYSE:TBBB opened at $40.51 on Monday. The stock has a 50 day moving average of $39.47 and a 200 day moving average of $36.83. The company has a market cap of $4.80 billion, a PE ratio of -26.13 and a beta of -0.02. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76. BBB Foods has a 12-month low of $23.81 and a 12-month high of $43.81.

BBB Foods (NYSE:TBBB) last released its earnings results on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. As a group, equities research analysts expect that BBB Foods will post -0.61 EPS for the current year.

Institutional Investors Weigh In On BBB Foods

A number of institutional investors have recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp grew its stake in BBB Foods by 29.0% during the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after acquiring an additional 360 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in BBB Foods by 92.5% in the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 396 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of BBB Foods by 2.9% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 27,163 shares of the company’s stock valued at $732,000 after purchasing an additional 770 shares during the last quarter. Savant Capital LLC grew its position in shares of BBB Foods by 6.7% during the fourth quarter. Savant Capital LLC now owns 12,540 shares of the company’s stock valued at $419,000 after purchasing an additional 792 shares in the last quarter. Finally, Osaic Holdings Inc. purchased a new position in shares of BBB Foods during the second quarter valued at about $25,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

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.