BBB Foods (NYSE:TBBB) Upgraded by Citigroup to “Strong-Buy” Rating

Citigroup upgraded shares of BBB Foods (NYSE:TBBB) to a strong-buy rating in a research report report published on Friday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. HSBC upgraded BBB Foods from a “hold” rating to a “buy” rating and boosted their price objective for the company from $38.00 to $47.00 in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. upped their price target on BBB Foods from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.12.

BBB Foods Trading Up 2.5%

Shares of NYSE:TBBB opened at $41.21 on Friday. BBB Foods has a twelve month low of $23.81 and a twelve month high of $43.81. The company has a 50 day moving average of $40.40 and a 200-day moving average of $37.39. The firm has a market cap of $4.89 billion, a P/E ratio of -26.59 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 (NYSE:TBBB) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. As a group, analysts anticipate that BBB Foods will post -0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. acquired a new stake in BBB Foods during the 2nd quarter valued at $25,000. Farther Finance Advisors LLC raised its stake in shares of BBB Foods by 92.5% in 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. Larson Financial Group LLC lifted its stake in BBB Foods by 547.9% in the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after buying an additional 893 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of BBB Foods during the 4th quarter valued at $39,000. Finally, Toth Financial Advisory Corp boosted its position in shares of BBB Foods by 29.0% during the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after purchasing an additional 360 shares in the last quarter. 8.42% of the stock is owned by hedge funds and other institutional investors.

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.