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

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

BBB Foods Price Performance

NYSE TBBB traded down $0.47 during trading on Friday, hitting $37.96. 362,555 shares of the company’s stock were exchanged, compared to its average volume of 579,627. 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 company has a market cap of $4.43 billion, a PE ratio of -24.49 and a beta of 0.02. BBB Foods has a fifty-two week low of $23.81 and a fifty-two week high of $40.09. The stock’s 50 day moving average price is $35.61 and its two-hundred day moving average price is $33.88.

Institutional Investors Weigh In On BBB Foods

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in BBB Foods during the 4th quarter worth approximately $399,000. XTX Topco Ltd bought a new position in shares of BBB Foods in the 4th quarter valued at $463,000. Tudor Investment Corp ET AL acquired a new stake in shares of BBB Foods during the 4th quarter valued at $2,952,000. Millennium Management LLC boosted its holdings in shares of BBB Foods by 296.5% during the 4th quarter. Millennium Management LLC now owns 778,613 shares of the company’s stock valued at $25,998,000 after acquiring an additional 582,262 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in BBB Foods by 18.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 20,439 shares of the company’s stock worth $682,000 after acquiring an additional 3,113 shares during the last quarter. 8.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on TBBB. Wells Fargo & Company set a $42.00 price objective on shares of BBB Foods in a research note on Friday, March 13th. JPMorgan Chase & Co. increased their price target on shares of BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. UBS Group lifted their price objective 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. 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. Finally, Itau BBA Securities upgraded BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Friday, March 13th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, BBB Foods has an average 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.