Insider Selling: BBB Foods (NYSE:TBBB) Director Sells 7,623 Shares of Stock

BBB Foods Inc. (NYSE:TBBB) Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was 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 of the company’s stock, valued at approximately $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 available at the SEC website.

BBB Foods Price Performance

BBB Foods stock traded up $0.01 during midday trading on Friday, reaching $49.69. The company had a trading volume of 192,099 shares, compared to its average volume of 661,179. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.68 and a quick ratio of 0.44. BBB Foods Inc. has a 12-month low of $23.81 and a 12-month high of $51.62. The company has a market capitalization of $5.89 billion, a P/E ratio of -30.86 and a beta of 0.05. The firm’s fifty day simple moving average is $43.77 and its 200-day simple moving average is $39.36.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings data 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 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 analysts’ expectations of $1.42 billion. As a group, equities analysts anticipate that BBB Foods Inc. will post -0.63 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on TBBB. 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 report on Friday, August 28th. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Citigroup initiated coverage on shares of BBB Foods in a research note on Friday, July 31st. They issued a “buy” rating and a $49.00 price target on the stock. Scotiabank restated an “outperform” rating and set a $65.00 price target on shares of BBB Foods in a research report on Thursday, August 27th. Finally, Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.12.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. acquired a new stake in BBB Foods during the second quarter worth about $25,000. 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 worth $28,000 after buying an additional 396 shares during the last quarter. Larson Financial Group LLC raised 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 buying an additional 893 shares during the period. Smartleaf Asset Management LLC acquired a new position in shares of BBB Foods in the 4th quarter valued at $39,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of BBB Foods during the 4th quarter worth $89,000. Hedge funds and other 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.