32.27
1.47%
0.4459
Why is Bbb Foods Inc (TBBB) Stock down?
We've noticed a 5.23% decline in Bbb Foods Inc (TBBB) stock during the 2024-09-26 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
09 Apr, 2024:
BBB Foods Inc (TBBB) stock dropped by 6.09% due to an adjustment in UBS's rating, in which TBBB stock got a downgrade rating, disappoiting investors.
- Downgrade rating: UBS downgraded the stock from Buy to Neutral, despite increasing the price target to $27.00 from the previous $26.00.
- UBS's Valuation and Growth Potential: UBS noted that BBB Foods' stock is currently trading at a reasonable multiple, standing at 12 times the estimated EV/EBITDA for 2025, adjusting for accounting standards. However, when factoring in potential dilution from the Equity Incentive Plan, this multiple could rise to 15.8 times. The market's current price of $23 per share reflects expectations for an EBITDA compound annual growth rate (CAGR) slightly below UBS's estimate, leading to a more balanced view of the potential risks and rewards for investing in BBB Foods.
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