BBB Foods (NYSE:TBBB) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

BBB Foods (NYSE:TBBB) released its earnings results on Monday. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11, FiscalAI reports. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.53 billion. BBB Foods had a negative net margin of 1.94% and a negative return on equity of 40.86%.

BBB Foods Stock Performance

BBB Foods stock traded up $1.30 during trading on Wednesday, reaching $64.27. The company had a trading volume of 302,615 shares, compared to its average volume of 695,363. The firm’s 50-day simple moving average is $53.58 and its 200 day simple moving average is $42.14. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of -68.29 and a beta of -0.01. BBB Foods has a 52 week low of $25.84 and a 52 week high of $64.45. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 2.16.

Analyst Ratings Changes

Several research firms have weighed in on TBBB. Scotiabank reaffirmed an “outperform” rating and issued a $65.00 price target on shares of BBB Foods in a report on Thursday, August 27th. UBS Group upped their price objective on shares of BBB Foods from $58.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Weiss Ratings raised shares of BBB Foods from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Citigroup reiterated a “buy” rating on shares of BBB Foods in a research report on Monday, September 14th. Finally, Zacks Research upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BBB Foods currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.88.

Insider Buying and Selling

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total transaction of $388,773.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

BBB Foods Company Profile

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. Its stores focus on everyday consumer essentials, including food, beverages, household products and personal-care items, offered primarily through a combination of private-label and selected national-brand products.

The company’s business model emphasizes a limited assortment, compact store formats and value-oriented pricing. Tiendas 3B stores primarily serve communities in Mexico, with a presence concentrated in the country’s central and southern regions.

BBB Foods was founded in 2004 and is led by Anthony Hatoum, who serves as the company’s chief executive officer.