BBB Foods (NYSE:TBBB) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

BBB Foods (NYSE:TBBB) released its quarterly earnings data on Wednesday. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.03), Zacks reports. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.42 billion. BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%.

BBB Foods Stock Performance

Shares of BBB Foods stock opened at $42.09 on Thursday. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.60 and a quick ratio of 0.35. The firm has a market cap of $4.99 billion and a price-to-earnings ratio of -27.15. The stock’s 50-day moving average is $41.17 and its 200-day moving average is $37.92. BBB Foods has a one year low of $23.81 and a one year high of $44.58.

Institutional Investors Weigh In On BBB Foods

Several institutional investors have recently bought and sold shares of TBBB. Osaic Holdings Inc. bought a new position in shares of BBB Foods during the 2nd quarter worth approximately $25,000. Larson Financial Group LLC boosted its holdings in BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after purchasing an additional 893 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in BBB Foods during the fourth quarter worth $39,000. State of Wyoming bought a new position in BBB Foods in the fourth quarter valued at $139,000. Finally, Bank of Nova Scotia bought a new position in BBB Foods in the fourth quarter valued at $267,000. Institutional investors own 8.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of BBB Foods from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Scotiabank raised their price objective on BBB Foods from $37.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. UBS Group upgraded BBB Foods from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $43.00 to $51.00 in a report on Tuesday, August 4th. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, BBB Foods has an average rating of “Moderate Buy” and an average price target of $45.12.

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.