BBB Foods (NYSE:TBBB) Issues Quarterly Earnings Results, Misses Expectations By $0.22 EPS

BBB Foods (NYSE:TBBB) released its quarterly earnings results on Wednesday. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.22), Zacks reports. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%.

BBB Foods Price Performance

Shares of NYSE:TBBB traded down $3.50 during midday trading on Thursday, hitting $30.53. The stock had a trading volume of 617,836 shares, compared to its average volume of 644,279. The company’s 50-day moving average price is $35.30 and its 200-day moving average price is $31.13. BBB Foods has a fifty-two week low of $23.75 and a fifty-two week high of $40.09. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $3.49 billion, a P/E ratio of -36.52 and a beta of -0.16.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Morgan Stanley raised shares of BBB Foods to an “overweight” rating in a report on Wednesday, January 28th. The Goldman Sachs Group increased their price target on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. UBS Group raised their price objective on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Itau BBA Securities cut BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 price objective for the company. in a report on Thursday, February 12th. Finally, Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TBBB. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in BBB Foods by 32.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,979 shares of the company’s stock worth $4,774,000 after acquiring an additional 41,979 shares during the last quarter. Goldman Sachs Group Inc. raised its position in BBB Foods by 276.8% in the first quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock valued at $4,176,000 after purchasing an additional 114,990 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in BBB Foods in the fourth quarter valued at about $2,952,000. Fund 1 Investments LLC acquired a new stake in shares of BBB Foods during the fourth quarter valued at about $992,000. Finally, Balyasny Asset Management L.P. boosted its stake in shares of BBB Foods by 18.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 20,439 shares of the company’s stock valued at $682,000 after purchasing an additional 3,113 shares in the last quarter. 8.42% of the stock is owned by 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.