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

BBB Foods (NYSE:TBBB) announced its quarterly earnings results on Wednesday. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03), Zacks reports. The firm had revenue of $1.28 billion for 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 Stock Down 2.7%

NYSE:TBBB traded down $1.02 on Friday, hitting $37.41. 140,831 shares of the company’s stock were exchanged, compared to its average volume of 577,015. The firm has a 50-day moving average price of $35.61 and a 200-day moving average price of $33.88. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.62 and a quick ratio of 0.35. BBB Foods has a 52 week low of $23.81 and a 52 week high of $40.09. The company has a market cap of $4.37 billion, a P/E ratio of -24.14 and a beta of 0.02.

Institutional Investors Weigh In On BBB Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBBB. Osaic Holdings Inc. bought a new stake in BBB Foods during the 2nd quarter worth about $25,000. Larson Financial Group LLC lifted its position in 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 in the last quarter. Smartleaf Asset Management LLC bought a new stake in BBB Foods during the 4th quarter worth about $39,000. State of Wyoming bought a new stake in BBB Foods during the 4th quarter worth about $139,000. Finally, Bank of Nova Scotia bought a new stake in BBB Foods during the 4th quarter worth about $267,000. 8.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Itau BBA Securities raised shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Friday, March 13th. JPMorgan Chase & Co. boosted their price objective on shares of BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research report on Friday, March 27th. Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Finally, Scotiabank boosted their price objective on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $42.50.

About BBB Foods

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.