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 firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 7,623 shares of the company’s stock, valued at $384,961.50. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

BBB Foods Stock Performance

BBB Foods stock opened at $49.69 on Friday. The firm’s 50 day simple moving average is $43.92 and its 200 day simple moving average is $39.44. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $5.89 billion, a PE ratio of -30.86 and a beta of 0.05. BBB Foods Inc. has a 1-year low of $23.81 and a 1-year high of $51.62.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on TBBB. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research note on Wednesday, June 24th. Wall Street Zen raised BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Citigroup assumed coverage on BBB Foods in a research report on Friday, July 31st. They set a “buy” rating and a $49.00 price target for the company. Finally, Scotiabank reissued an “outperform” rating and set a $65.00 price objective on shares of BBB Foods in a report on Thursday, August 27th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TBBB. Goldman Sachs Group Inc. increased its stake in shares of BBB Foods by 276.8% in the first 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 period. Qube Research & Technologies Ltd boosted its position in BBB Foods by 48.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 285,206 shares of the company’s stock valued at $7,917,000 after buying an additional 92,989 shares during the period. Sei Investments Co. grew its holdings in BBB Foods by 57.7% in the 2nd quarter. Sei Investments Co. now owns 417,794 shares of the company’s stock worth $11,598,000 after acquiring an additional 152,883 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of 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 period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of BBB Foods by 32.3% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,979 shares of the company’s stock valued at $4,774,000 after acquiring an additional 41,979 shares during the period. Institutional investors own 8.42% of the company’s stock.

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.