BBB Foods (NYSE:TBBB) Announces Earnings Results

BBB Foods (NYSE:TBBB) released its quarterly earnings data 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 company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%.

BBB Foods Price Performance

BBB Foods stock traded down $3.40 on Thursday, reaching $30.63. The company’s stock had a trading volume of 723,563 shares, compared to its average volume of 648,465. The business’s fifty day moving average price is $35.30 and its 200 day moving average price is $31.13. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.39 and a current ratio of 0.65. The company has a market cap of $3.50 billion, a price-to-earnings ratio of -36.48 and a beta of -0.16. BBB Foods has a twelve month low of $23.75 and a twelve month high of $40.09.

Analysts Set New Price Targets

TBBB has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Wall Street Zen cut shares of BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a report on Monday, December 29th. Zacks Research upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group upped their price objective on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, December 18th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. acquired a new position in BBB Foods during the 2nd quarter valued at about $25,000. Larson Financial Group LLC grew 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 worth $28,000 after buying an additional 893 shares during the period. Smartleaf Asset Management LLC acquired a new stake in shares of BBB Foods during the 4th quarter worth approximately $39,000. State of Wyoming bought a new stake in shares of BBB Foods during the fourth quarter worth approximately $139,000. Finally, Bank of Nova Scotia bought a new stake in shares of BBB Foods during the fourth quarter worth approximately $267,000. 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.