BBB Foods (NYSE:TBBB) Issues Quarterly Earnings Results

BBB Foods (NYSE:TBBB) released its quarterly earnings results on Wednesday. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.03), Zacks reports. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. BBB Foods had a negative return on equity of 82.15% and a negative net margin of 3.95%.

BBB Foods Trading Down 1.2%

Shares of TBBB traded down $0.47 during midday trading on Friday, hitting $37.96. The stock had a trading volume of 362,555 shares, compared to its average volume of 579,627. BBB Foods has a fifty-two week low of $23.81 and a fifty-two week high of $40.09. The business has a 50-day simple moving average of $35.61 and a two-hundred day simple moving average of $33.88. The company has a current ratio of 0.62, a quick ratio of 0.35 and a debt-to-equity ratio of 2.61. The firm has a market cap of $4.43 billion, a P/E ratio of -24.49 and a beta of 0.02.

Wall Street Analyst Weigh In

TBBB has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. JPMorgan Chase & Co. boosted their target price on BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. Wells Fargo & Company set a $42.00 target price on BBB Foods in a research report on Friday, March 13th. Morgan Stanley raised BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. Finally, Scotiabank raised their target price on BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Orion Porfolio Solutions LLC lifted its stake in BBB Foods by 2.9% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 27,163 shares of the company’s stock worth $732,000 after acquiring an additional 770 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of BBB Foods during the second quarter worth approximately $25,000. Larson Financial Group LLC grew its position in BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after purchasing an additional 893 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in BBB Foods in the 4th quarter valued at approximately $39,000. Finally, The Manufacturers Life Insurance Company lifted its position in BBB Foods by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 705,005 shares of the company’s stock worth $19,571,000 after buying an additional 2,434 shares in the last quarter. Hedge funds and other institutional investors own 8.42% of the company’s stock.

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.